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PayPal Entangled in Anticompetitive Practices Lawsuit

PayPal Entangled in Anticompetitive Practices Lawsuit

Happy Monday! PayPal faces a class-action lawsuit led by law firm Hagens Berman, accusing it of anti-competitive practices through its anti-steering rules against more economical payment platforms, such as Stripe and Shopify. The suit alleges that PayPal's merchant agreements, which inhibit merchants from offering cheaper payment alternatives or

Is Telegram on its way to becoming the next Super App?

Is Telegram on its way to becoming the next Super App?

TGIF! 😉 Telegram is on a trajectory to transform into a decentralized super app, reminiscent of China's WeChat, by enabling third-party developers to create mini apps within its platform through a strategic alliance with The Open Network (TON) Foundation and Tencent, WeChat’s parent company. This partnership is not

Revolut is one step closer to a UK Banking License and Monzo is up for its second attempt in the US

Revolut is one step closer to a UK Banking License and Monzo is up for its second attempt in the US

Good morning FinTech Fanatic! Today, I have a lot of digital banking news for you: First, Revolut has resolved an ownership structure issue with its largest investor, SoftBank, marking progress towards securing a long-pending UK banking license. The Bank of England (BoE) demanded that Revolut simplify its share structure, collapsing

What’s Happening at the Sam Bankman-Fried Trial

What’s Happening at the Sam Bankman-Fried Trial

Just a year ago, Bankman-Fried occupied a $40 million penthouse in the Bahamas, overseeing a crypto empire then valued at a staggering $32 billion. Today, he is entwined in what the U.S. government deems one of the largest financial frauds in the nation's history. Sam Bankman-Fried, the

Navigating the Nuances of India's 🇮🇳 FinTech Future, And the Start of the FTX Court Battle

Navigating the Nuances of India's 🇮🇳 FinTech Future, And the Start of the FTX Court Battle

Good morning FinTech Fanatic! Beneath the ebb and flow of the Indian FinTech funding tide lies a reservoir of resilience, innovation, and strategic maneuvering that's crafting the future of the ecosystem. While key segments such as Payments and Lending continue to magnetize investments, a spotlight is also shining

"Billions at Stake" - Apple's Apple Pay Lawsuit & Its Potential Impact on the Market

"Billions at Stake" - Apple's Apple Pay Lawsuit & Its Potential Impact on the Market

Good morning! Big payments industry news where Apple was ordered to face a private antitrust lawsuit by payment card issuers accusing the company of thwarting competition for its Apple Pay mobile wallet. U.S. District Judge Jeffrey White said the plaintiffs could try to prove that Apple violated the federal

Apple Wallet app will now be able to show UK users’ current account balance from their bank

Apple Wallet app will now be able to show UK users’ current account balance from their bank

Good morning Fintech Fanatic! Let's start the day with some fresh news from the tech giant, Apple. In a strategic move towards enhancing its user experience for Apple Wallet users in the UK, Apple has announced a fresh integration in the upcoming iOS 17.1. For those who