Cash is on the decline everywhere, accounting for at most 44% of point-of-sale (POS) transaction value regionally and just 18% globally in 2021. Its share will drop to 10% worldwide by the end of 2025, with North America, Asia-Pacific, and Europe leading the charge away from physical money.
Nubank lands $650M to double down in Mexico, Colombia: The Brazil-based neobank could use its home market products to deepen its presence in other LATAM countries.
Fifteen trademark applications filed last week suggest Mastercard is buying the NFT and metaverse hype.
The FDIC wants insured banks to report their crypto actions, while states look to exempt companies in the space from certain regulations.
Greenwood runs up against limits for its vision: The US neobank, which caters to Black and Latino Americans, found it necessary to work with “white-controlled banks” for a partnership and investments.
LendInvest gets to £2B ($2.75B) AUM: In the strong UK alt-lender market, it reported having crossed the platform assets under management (AUM) level just 30 months after hitting £1B ($1.38B).
Small bank adds debit cards to its BaaS for crypto companies: BankProv said it’s partnering with Synctera, a fintech as a service platform, in a debit card BIN sponsorship program.
Block’s Jack Dorsey announced three new services at the Bitcoin 2022 conference aimed at streamlining Bitcoin investing and purchasing.
A J.D. Power survey found they’re dissatisfied with support they receive during economically challenging times.
Should US stablecoins be regulated like banks or like funds? Two US policymakers have outlined different approaches for regulating stablecoin issuers—but there’s room for consensus between them.
Discover’s new checking account will put banks on defense: Cashback Debit combines cashback rewards, no fees, and early paycheck access. It's a model for what incumbents could do.
Bolt acquired crypto startup Wyre Payments to help it stand out in the highly competitive one-click checkout space.