Tag Archives: mastercard

Nowadays we hear a lot about startups trying to capitalize on the fintech opportunity. One did such a thing now in Mexico by closing on a new sum of funding. What began as a $7.4 million Series A last January now has now grown to $26.4 million in a recent extension of Mexican challenger bank Albo.Led by the U.S.-based Valar Ventures this event can be marked as one of the largest early rounds for a Mexican startup. It seems Albo got its investment from Paypal co-founder Peter Thiel, in the...

BestChange.com, an e-money exchange service, is constantly working on facilitating the process for exchange virtual digital currencies online. One of the most popular features for traders that the platform offers is an opportunity to buy BTC tokens against Visa/Mastercard EUR.On its website, BestChange has mentioned a list of exchanges offering these services to customers. One of the key features of the platform is the fast monitoring of real-time prices for electronic currencies. Moreover,...

American multinational investment bank and financial services company Morgan Stanley has changed its rating on stocks from Roku, the on-demand video streaming platform backed by Fox. Even though Roku has had an amazing year and climbed quite explosively in the stock market with 400% year-to-date YTD returns, Morgan Stanley dropped its Roku rating from equal weight to underweight.In a recent note to the company’s investors titled “It’s All Priced In”, Morgan Stanley analyst Benjamin Swinburne,...

Popular stock-trading startup Robinhood has decided that it is no longer interested in becoming a federally insured bank. Months ago, the company applied for a bank charter with the Office of the Comptroller of the Currency (OCC), in an effort to become a fully-fledged bank but has now decided to shelve said plans.According to the statement, the company has taken this step to shift its attention away from banking to its own core business directed at improving the efficiency of the financial...

The latest reports have revealed that the Bank of New York Mellon has officially joined the Marco Polo trade finance consortium. This consortium is known to run on R3’s Corda and BNY Mellon has become the 28th bank to join. The bank has been constantly investing in the blockchain space since 2015. As we highlighted previously, the investments have significantly increased in recent months.The $373-billion asset bank is reportedly evaluating Marco Polo’s technology intending to onboard clients...

PayPal präsentiert die Mastercard für Online Shops, Händler, Agenturen und Freelancer! Was aussieht wie eine smarte Debitkarte, ist auch eine – und mehr als das: Diese Karte soll das Bankkonto überflüssig machen. Die Karte richtet sich explizit an Inhaber von Online Shops, also die Business Kunden. Denn mittlerweile akzeptieren viele Online Shops PayPal als Zahlungsmethode. Auch viele Agenturen und Freelancer lassen sich in PayPal...

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Revolut, the Britain-based digital banking and investing app is currently in discussion with global investors to push its expansion plans. As per the Reuters report, Revolut is planning to raise nearly $500 million as the company plans to expand its operations to Japan and the United States.On Tuesday, November 12, during an interview with Reuters, Revolut CEO and co-founder Nikolay Storonsky said:“We want to raise at least $500 million in direct equity and potentially, maybe at a later...

It has been evident in the last few years that companies within the blockchain, cryptocurrency and fintech space are receiving a lot more institutional backing after years of being rather niche sectors of the business world. This is evidenced by the fact that many more prominent firms are taking on blockchain technology such as MasterCard, Air Canada, Barclays and so on. It is also evidenced by the fact that many private firms such as Facebook and JP Morgan are embracing cryptocurrency and...

Anlässlich der FinTech-Week in Singapur stellte Wirex eine neue Visa Travelcard vor. Im asiatisch-pazifischen Wirtschaftsraum erlaubt die Debitkarte die Bezahlung mit Fiatwährungen sowie mit Bitcoin und Co. Wirex versucht immer wieder mit neuen innovativen Läsungen wie neulich einem Bonusprogramm, neue Kunden zu gewinnen. Neue kryptofähige Debitkarte für die APAC-Region Auf der FinTech-Week in Singapur kündete der Zahlungsdienstleister Wirex eine neue Debitkarte an. Die Visa...