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The Reserve Bank of India Halts Paytm Bank's Operations: What the Consequences?

The Reserve Bank of India Halts Paytm Bank's Operations: What the Consequences?

TGIF! In a significant regulatory move, the Reserve Bank of India (RBI) has directed Paytm Payments Bank, a key player in India's digital payment sector, to halt new deposits and wallet services starting March. This decision has led to a sharp 20% drop in Paytm's stock,

More Layoffs in FinTech

More Layoffs in FinTech

Hey FinTech Fanatic! Yesterday we learned about the latest layoffs at PayPal, today Block, with subsidiaries such as Square, Cash App, and Afterpay, is reducing its workforce during a challenging period for employees in the (Fin-)Tech sector. This information comes from a confidential memo by CEO Jack Dorsey, initially

Five Key Metrics of Apple Card On Its Fifth Birthday

Five Key Metrics of Apple Card On Its Fifth Birthday

Hey FinTech Fanatics, Since its introduction in 2019, Apple Card has significantly impacted over 12 million cardholders. Celebrating five years, Apple Card shared key metrics: Key achievements of Apple Card include: 1️⃣ Users earned over $1 billion in Daily Cash rewards last year. 2️⃣ A Savings account feature, reaching over

Bunq Targets UK Market with EMI Licence Amidst IPO Plans

Bunq Targets UK Market with EMI Licence Amidst IPO Plans

Hey FinTech Fanatic! We start the week with interesting news from Amsterdam. Neobank Bunq, Europe's second-largest with 11 million customers, is seeking a UK payments license, aiming to rival Revolut and Monzo as it prepares for an IPO. The Amsterdam-based bank, profitable for the first time in 2023

N26 Account Closures in Italy Raise Concerns Among Users

N26 Account Closures in Italy Raise Concerns Among Users

Hey FinTech Fanatic! Italian customers of N26, a Berlin-based digital bank, are facing sudden account closures without clear explanations. Reports have emerged of users being locked out of their accounts and funds, leading to questions about N26's operations in Italy. In March 2022, the Bank of Italy issued

🚨BREAKING: PayPal 'shocks' the world with 6 new updates on innovation day

🚨BREAKING: PayPal 'shocks' the world with 6 new updates on innovation day

Hey FinTech Fanatic! PayPal CEO Alex Chriss announced a week ago that it would 'shock' the word on innovation day. And today was the day. PayPal is introducing six major AI-driven updates to enhance commerce for both merchants and consumers: 1. New PayPal Checkout Experience: This update significantly

🇨🇼 Curacao based Girasol Payment Solutions has acquired Colombian FinTech FinZi

🇨🇼 Curacao based Girasol Payment Solutions has acquired Colombian FinTech FinZi

Hey FinTech Fanatic! From the chilly climes of NYC, it's a pleasure to share some FinTech news from sunny Curacao, a place I fondly regard as my second home. Curacao based Girasol Payment Solutions has acquired Colombian FinTech company FinZi to enter the Colombian and South American markets.