Revolut is reportedly entering the commercial real estate lending business. The United Kingdom-based FinTech appointed M&G Investments veteran Duncan Batty to build the new business unit, Bloomberg reported Tuesday (Jan. 28), citing an unnamed source. Reached by PYMNTS, a Revolut spokesperson said in an emailed...
Just one year after its launch, HSBC’s cross-border payments mobile app is no more. A Yahoo Finance report on Thursday (Jan. 23) quoted a spokesperson for the bank: “Following a strategic review of Zing within the HSBC Group and after careful consideration, we have made...
Revolut is reportedly looking to expand its offerings into private banking, focusing on individuals with over $1 million in liquid assets. The U.K.-based FinTech’s job listings suggest that it intends to offer private bank-like investment products and banking services, Pan Finance reported Thursday (Jan. 9). The...
Inspired by Tether’s success, the world’s banking giants are showing interest in stablecoins. As Bloomberg News reported Saturday (Dec. 28), some banks are already there, with Societe Generale – Forge (SG-Forge) opening its euro-backed stablecoin to retail investors earlier this year. Revolut is reportedly considering...
December 13, 2023
Beyond the card networks, among those that may feel the squeeze should cross-border interchange fees see new caps in the United Kingdom are neobanks. As reported Wednesday (Dec. 13), the U.K.’s Payment Systems Regulator (PSR) said in its review of cross-border interchange fees on transactions between U.K. businesses and the European Economic Area (EEA) that […]
October 19, 2023
Debit interchange fees may see a revamp — a refashioning of the charges levied on merchants, the likes of which has not been seen in a decade. Next week, the...
December 02, 2022
With an increasing number of businesses going digital, virtual cards are fast becoming the preferred method of payments in various markets across the world, thanks to their ability to help...
August 18, 2022
Amid soaring inflation and rising food and fuel prices, terms like financial literacy and spend management have emerged as some of the biggest buzzwords in recent months. The concept is...
January 29, 2025
Travel Ledger now enables travel businesses in the United Kingdom and Europe to use Revolut’s services to automatically settle B2B payments with partners directly through the Travel Ledger platform. The capability comes from a new integration of Travel Ledger’s industry-specific B2B billing and settlement capabilities with Revolut Business accounts, Travel Ledger said in a Wednesday […]
January 28, 2025
Revolut is reportedly entering the commercial real estate lending business. The United Kingdom-based FinTech appointed M&G Investments veteran Duncan Batty to build the new business unit, Bloomberg reported Tuesday (Jan....
January 23, 2025
Just one year after its launch, HSBC’s cross-border payments mobile app is no more. A Yahoo Finance report on Thursday (Jan. 23) quoted a spokesperson for the bank: “Following a...
January 14, 2025
Revolut is reportedly looking to expand its offerings into private banking, focusing on individuals with over $1 million in liquid assets. The U.K.-based FinTech’s job listings suggest that it intends to...