Offering users 3% at PayPal merchants and 2% elsewhere can help PayPal achieve the user engagement goals it outlined earlier this year.
Moneybox mulls financial planning and crypto: £35M ($48.1M) in funding will help the UK robo-advisor expand its offerings and appeal to retail investors more focused on personal financial management (PFM) than on trading.
The US challenger’s plan to mix decentralized finance with traditional banking in a “hybrid finance” approach could shore up its appeal to younger users.
Revolut includes pandemic-related coverage in travel insurance: Paid customers of the UK neobank with super-app ambitions can now get coverage from Allianz Partners across more than two dozen European markets.
The Payment Systems Regulator is concerned that rising fees are harmful to merchants.
Cashless ATMs become workarounds for cannabis sales: Disguising dispensary purchases as cash withdrawals from ATMs is a stopgap measure until banking is legalized federally.
Goldman to buy robo-advisor NextCapital: The US banking giant adds a company that plays in the retirement-plans space as the market for stand-alone robo-advisors shrinks further.
Robinhood diversifies into retirement space: The move could lessen the US digital brokerage’s dependence on trading volume from its youthful customer base.
US-based Mana’s perks like debit card points and special offers on subscriptions for gaming services are tailored toward its target affinity group.
The Big Tech is reportedly developing a suite of proprietary financial services dubbed Breakout—here’s why it won’t be easy.
OakNorth’s 2021 results offer best practices for challengers: The UK neobank attributed a 73% increase in pre-tax profits to its underwriting approach and customer referrals.
Despite only holding about $9.1B in assets, the US bank has attracted big-name fintech clients and another funding round.
Bill aims to include privacy protections in US CBDC: Legislation calls for the US Treasury Department to conduct a pilot program for a central bank digital currency (CBDC).