To go big with central bank digital currencies (CBDCs) – to gain scale and early adopters – one should focus on retail and smaller-value transactions. At least that’s the strategy gaining momentum in China, as the country reportedly moves toward making the digital yuan a reality....
The trend toward digitization in consumers’ lives isn’t new, but COVID-19 has accelerated it dramatically over the past several months. Community banks and credit unions are feeling the pressure to boost their digital card services or risk losing customers to megabanks and digital challengers, Ondot Systems’ Chief...
Moroccan commercial bank CIH Bank is going live with new automated banking services with the help of Finastra, a press release states. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Colin Walsh got lots of laughs five years ago when he talked of his intention to launch a financial technology (FinTech) startup. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
New Monzo CEO TS Anil said the U.K. company, badly damaged by the pandemic, is hinging on new products to survive, the Financial Times (FT) reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
FinTech Revolut is working with Decision Tech, a price-comparison technology company, to launch a new service to help users compare — and switch — providers of gas, electricity, broadband, mobile and TV. This “Essentials” service will be rolled out in the U.K., according to an emailed...
France’s Orange Bank is launching completely mobile banking services in Africa, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...
Consumers cooped up at home by the pandemic have, in many cases, reoriented their entire lives around digital — and in some cases even learned to love the new ways of doing things far more than they liked the old ones. Get the Full Story...
The pandemic and the resulting digitization of many consumers’ lives didn’t create the digital transformation in financial services; that was already underway. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
