Tag: PayPal
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JP Morgan Snaps Up FinTech StartUp Renovite!
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The U.S. bank J.P. Morgan (website) has acquired the digital payment service provider Renovite (website), a leading cloud-native payments technology company, to counter the threat posed by fintech companies such as Block, Klarna, PayPal, and Stripe.
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FinTech Atlantic Money Praises The “Great Work” Of Wise, Revolut, And PayPal – And Wants To Acquire Them!
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Wise, Revolut & Co have made a name for themselves with low fees for foreign transfers. Atlantic Money says: We can do it better and much cheaper. The founders of FinTech Atlantic Money do not lack self-confidence and aim to surpass their competition.
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Apple Announced Buy-Now-Pay-Later Service To Compete Against Klarna Et Al!
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Apple unveiled its “Buy Now, Pay Later” service, which will operate out of a wholly-owned subsidiary called Apple Financing LLC. The company has the necessary state lending licenses to offer the feature. The new service will make financial services a deeper part of its ecosystem. Apple has to compete against…
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Starling Bank CEO Anne Boden Calls Crypto A Threat To Our Financial System!
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Anne Boden, CEO of the Goldman Sachs-backed UK FinTech Starling Bank has doubled down on criticisms of crypto, calling digital currencies a threat to the safety of payment infrastructure. Cryptocurrencies are a threat to the safety of our payment schemes and very dangerous, she said at the Money 20/20 fintech…
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German-British SumUp Cuts Jobs In Brazil While Expecting Fresh Money!
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According to the #DealMonitor of Deutsche Startups, the German-British FinTech SumUp is about to close a finance round for $400 million at a value of $6.5 billion. The Fintech was founded in 2011 by Daniel Klein, Marc-Alexander Christ, Stefan Jeschonnek, and Jan Deepen. It positions itself as a mobile point-of-sale…
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PayPugs Expands Mass Payout Answers For Customers
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PayPugs has progressed its bills imparting to clients using mass payout answers to several countries, with over fifty-five currencies now included. The charge carrier provider specialising in banking and charge answers for medium and high-hazard industries has introduced the mass payout era in reaction to patron demand. Such responses offer…