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Hey FinTech Fanatic! Nu México has partnered with retail chain OXXO to expand its cash deposit and withdrawal network, giving its 9 million customers access to over 22,000 OXXO stores nationwide. Cash withdrawals using Nu cards will launch on January 14, 2025, with deposit capabilities following in subsequent months.

Hey FinTech Fanatic! Revolut is developing private banking services for high net worth individuals who hold liquid assets over $1 million, positioning itself to compete with traditional banks like UBS and Morgan Stanley. This expansion adds to their existing suite of business banking, travel insurance, and stock trading services. The

Hey FinTech Fanatic! TransUnion has announced its acquisition of U.K.-based credit prequalification platform Monevo, advancing from its 30% minority stake acquired in 2021 to full ownership. The platform connects over 150 banks and credit providers with comparison websites globally, enabling personalized credit offers without impacting consumers' credit

Hey FinTech Fanatic! X (formerly known as Twitter) has announced its upcoming launch of X Money, with plans to roll out in 38 U.S. states where it holds payment transmitter licenses. Linda Yaccarino, X CEO, revealed that X Money will be part of several new platform features launching in

Hey FinTech Fanatic! Klarna has decided not to appeal its $50M fine from the Swedish financial regulator (FI) for anti-money laundering rule breaches, but their CEO is raising questions about regulatory oversight. Sebastian Siemiatkowski, Klarna CEO and co-founder, highlighted the challenges in interpreting compliance requirements, stating the company had actively

Happy New Year, FinTech Fanatic! Coinbase has expanded its European footprint by acquiring BUX's Cyprus unit and rebranding it as Coinbase Financial Services Europe. The strategic move gives the cryptocurrency exchange a Cyprus Investment Firm (CIF) license, enabling them to offer CFDs and passport their services across the