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Hey FinTech Fanatic! Monzo has reached a significant milestone, surpassing 10 million personal customers in the UK. This achievement comes after Monzo's first full year of profitability, a major funding round, and several new product launches. With this growth, Monzo now serves 1 in 5 UK adults and

Hey FinTech Fanatic! Rappipay, a subsidiary of Colombian unicorn Rappi, has decided to withdraw its application for an Electronic Payment Funds Institution (IFPE) license under the FinTech Law. This aligns with the closure of its debit account service, Rappicuenta, announced earlier this year. Currently, Rappi focuses on Rappicard, its credit

Hey FinTech Fanatic! The UK's Payments Services Regulator (PSR) has released new data highlighting the urgency of forthcoming regulations aimed at combatting authorised push payment (APP) fraud. Starting October 7, UK payment providers will be mandated to reimburse victims of APP fraud for claims up to £415,000,

Hey FinTech Fanatic! Claro receives over 500,000 postpaid customer bill payments via Pix each month through WhatsApp Pay, a native payment feature in WhatsApp officially launched in early June for large companies. Claro was among the first to adopt this feature, announced on the day WhatsApp Pay was launched

Hey FinTech Fanatic! PayPal demonstrated robust performance in the second quarter of 2024, reporting impressive financial and operational metrics. Key Financial Highlights * Total Transaction Volume: PayPal reported a total transaction volume of $403.9 billion, reflecting an 11% increase compared to the same period last year. * Revenue Growth: The company’

Hey FinTech Fanatic! With its UK banking license secured, Revolut now must choose between an IPO in the UK or the US. Last week, Revolut achieved a significant milestone by obtaining a UK banking license from the Prudential Regulation Authority, in what is likely to be one of the biggest

Hey FinTech Fanatic! Jack Dorsey is set to implement significant changes at Block, the FinTech company known for Cash App, Square, and Tidal. In a recent memo to employees, Dorsey announced a major reorganization aimed at dismantling internal silos and returning to the company's foundational structure. The memo,