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big techdigital transformationneobank
·Aug. 10, 2020

Google banking shows that tech giants are the storefront for everything, and other distributors will fade away

The tech companies will become the storefront to absolutely everything.

There is no Internet, there is only Google.

There is no commerce, there is only Amazon.

There is no finance, there is only WeChat / Tencent?

I don't know about you, but I cannot pay for anything in cash in London anymore. COVID has made the city go cashless. For China, QR codes have long replaced the need for paper money. And if there is no cash, what is the point of ATMs, and ATM fees, and bank branches, and bank branch staff? Financial firms no longer need to be the place where you shop for financial product.

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FintechUSA
·Jul. 31, 2020

PayPal Has Best Quarter Since IPO as Digital Payments Take Hold

PayPal broke all sorts of records in the second quarter of 2020 as the acceleration of digital payments continued to...
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FintechUSA
·Jul. 21, 2020

Fintechs Thrive and Die During the Pandemic

The current pandemic has shaken our world in ways most of us could not even imagine and fintech companies have...
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FintechUSA
·Jul. 20, 2020

Marqeta’s Valuation Could Hit $8bn When They IPO

Payments fintech Marqeta’s valuation could reach as high as $8bn when the company goes public in early 2021; the company...
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acquisitiondigital transformationInvestingroboadvisor
·Jul. 10, 2020

Personal Capital is Acquired for $1 Billion, Lemonade IPOs and PayPal Joins the Crypto Club

Robo 1.0 success Personal Capital was acquired for nearly $1 billion by Empower, a major retirement savings manager. Softbank-backed insurtech darling Lemonade IPOed at less than $2 billion, in a successful fundraise and listing, and has since seen its market cap rise to over $4 billion. The IPO is a landmark for an insurtech industry in desperate need of successes. And PayPal announces the impending launch of crypto trading to its 325 million users. The move isn’t overly interesting in its own right, but the implications for the crypto space are worth exploring.

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Asia/PacEuropeFintechNews RoundupUSA
·Aug. 4, 2020

More News for August 4, 2020

Volante

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FintechUSA
·Jul. 31, 2020

PayPal Partners with InComm on CVS Touch-Free Payments

PayPal and InComm are bringing touch-free payments to CVS stores across the U.S.; PayPal and InComm announced a QR code...
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FintechUSA
·Jul. 21, 2020

eBay Looks to Bring Payments In-House After PayPal Partnership Ends

When eBay spun off PayPal five years ago the companies entered into an agreement that would have PayPal process payments...
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EuropeFintechUSA
·Jul. 16, 2020

PayPal Looks to Capitalize on Buy Now Pay Later Trend

PayPal has had a buy now pay later product since 2008 but the sector is having a moment during the...
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FintechUSA
·Jul. 6, 2020

Venmo Launches Business Profiles

Venmo announced late last week a new feature called Business Profiles; the feature allows SMBs to have a profile on...
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