Banking

Banking
Nigerian Central Bank Grants Mobile Banking License to MTN to Operate Momo Payment Service Bank
April 11, 2022

The Central Bank of Nigeria (CBN) has approved a mobile banking license for South African telecom MTN, allowing it to operate as Momo Payment Service Bank Limited (Momo PSB), according to a Monday (April 11) Ripples Nigeria report citing a statement from the bank signed...

Banking
In Battle Between Banks and FinTechs, Pairing Strengths Is Path to Super Apps, Shared Prosperity
April 11, 2022

Consumers’ trust is in place. 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 newsletter, PYMNTS Today. By completing this form, you agree to receive...

Banking
Bank Deposits to See 80-Year Decline as Consumers Move Cash Stockpiles
April 11, 2022

U.S. banks might see deposits decrease for the first time in several decades, The Wall Street Journal wrote Sunday (April 10). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Banking
US Banks Expect Q1 Earnings Dip as Ukraine Conflict Chills Investment
April 08, 2022

The first quarter was unkind to the nation’s banks. 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 newsletter, PYMNTS Today. By completing this form,...

Banking
Banks Rewrite Revenue Playbook as Overdraft Fees Slide
April 07, 2022

For banks, overdraft fees and at least a few other revenue streams are shrinking, even disappearing in many cases. 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...

Banking
Discover Launches Checking Account With Cash-Back Rewards
April 06, 2022

Discover is introducing a checking account with cash-back rewards, early access to paychecks and a mobile-first digital banking experience, according to a Wednesday (April 6) press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Banking
Self-Directed Investing, Embedded Finance May Be Key Areas as Banks Battle FinTechs
April 05, 2022

J.P. Morgan CEO Jamie Dimon’s letter to shareholders laid bare the competitive threats facing the banking sector generally. 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...

Banking
JPMorgan’s Dimon: Competition Between Banks and FinTechs Is ‘Intensifying’
April 04, 2022

There are few certainties in the world — but among them, as noted by Jamie Dimon, CEO of JPMorgan Chase, in his annual letter to shareholders: Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Banking
Mana Launches Wait List for Gamer-Focused Neobank Offering
March 31, 2022

Mana Interactive Inc. on Thursday (March 31) introduced a payments and rewards platform for people who love to play video games that will include a Mana deposit account and Mana Visa Debit Card’s neobanking solution that rewards gaming activities and purchases. Get the Full Story...