TechCrunch

Lightweight ‘Banking via Messaging’ Services Are Getting Gen Z Buzz

Lightweight ‘Banking via Messaging’ Services Are Getting Gen Z Buzz

More evidence that Gen Z is switching to chat platforms for just about everything, including banking, emerges today in the news that Zelf, a fintech startup offering neobank-style services, is generating buzz amongst Gen-Zers in Spain and France.

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Brex Brings on $150M in New Cash in Case of an ‘Extended Recession’

Brex Brings on $150M in New Cash in Case of an ‘Extended Recession’

Brex brings on $150M in new cash in case of an ‘extended recession’ Fast-growing fintech behemoth Brex is raising big money as its customer base itself — high-growth and spendy startups — is struggling.

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Leaked Pics Reveal Google Smart Debit Card to Rival Apple’s

Leaked Pics Reveal Google Smart Debit Card to Rival Apple’s

Would you pay with a “Google Card?” TechCrunch has attained imagery that shows Google is developing its own physical and virtual debit cards. The Google card and associated checking account will allow users to buy things with a card, mobile phone or online.

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Jack Dorsey Creates $1B COVID-19 Relief Fund Using Square Equity

Jack Dorsey Creates $1B COVID-19 Relief Fund Using Square Equity

Jack Dorsey announced in a series of tweets today that he is shifting $1 billion in his Square equity to create a fund dedicated to COVID-19 relief. The Twitter and Square CEO is calling the fund Start Small and posting a tally of disbursements and recipients in a public spreadsheet.

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Mobile App Spending to Double by 2024, Despite Economic Impacts of COVID-19

Mobile App Spending to Double by 2024, Despite Economic Impacts of COVID-19

The spread of COVID-19 has already had a significant impact on the mobile app industry and that will continue in the years to come.

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PayPal Completes GoPay Acquisition, Allowing the Payments Platform to Enter China

PayPal Completes GoPay Acquisition, Allowing the Payments Platform to Enter China

PayPal this morning announced it has completed its acquisition of a 70% equity stake in GoPay (Guofubao Information Technology Co. [GoPay], Ltd.), making PayPal the first foreign payment platform to provide online payment services in China. The transaction was approved by the People’s Bank of China on September 30 and has now closed.

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Uber Has Surveyed Some Drivers on Small Loans, Suggesting Financial Products Are Coming

Uber Has Surveyed Some Drivers on Small Loans, Suggesting Financial Products Are Coming

Back in June Uber went on a hiring spree in New York, hiring at least 100 fintech-oriented tech workers to ostensibly look at creating products to increase loyalty and engagement among users and drivers, including things like banking. Cue a flurry of speculation.

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Facebook Is Discontinuing P2P Payments in Messenger in the UK and France on June 15

Facebook Is Discontinuing P2P Payments in Messenger in the UK and France on June 15

Facebook is pulling away from its ambitions to provide peer-to-peer money transfers via Messenger in Europe. Today, the company announced that it would be discontinuing the service — which let individuals send money to each other — in the two countries in the region where it had rolled it out, the UK and France on […]

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Targeting Payday Lenders, Branch Adds Pay On-demand Features for Hourly Workers

Targeting Payday Lenders, Branch Adds Pay On-demand Features for Hourly Workers

Branch, the scheduling and pay management app for hourly workers, has added a new pay-on-demand service called Pay, which is now available to anyone who downloads the Branch app. It’s an attempt to provide a fee-based alternative to payday lending, where borrowers charge exorbitant rates to lenders on short term loans or cash advances.

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Nala Has Built a Hassle-free, Offline Mobile Money Payment Platform for Africa

Nala Has Built a Hassle-free, Offline Mobile Money Payment Platform for Africa

Benjamin Fernandes, the Tanzanian co-founder chief executive of Nala, spent hundreds of hours talking to local Tanzanians about their frustrations with mobile money payment services before he launched his new payment platform.

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Payment Service Toss Becomes Korea’s Newest Unicorn After Raising $80M

Payment Service Toss Becomes Korea’s Newest Unicorn After Raising $80M

Founded by a dentist, the startup wants to change how Koreans bank South Korea has got its third unicorn startup after Viva Republica, the company beyond popular payment app Toss, announced it has raised an 80 million round at a valuation of 1.2 billion. This new round is led by U.S.

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Singles Day Shows Biometrics Are the Norm for Payments in China

Singles Day Shows Biometrics Are the Norm for Payments in China

Chinese consumers were quick to adopt digital payments, and a recent shopping binge showed they are ready for another leap: biometric payments. On November 11, Alibaba wrapped up Singles Day the worlds largest shopping event and hauled in30.8 billion in total transactions, a staggering amount bigger than Cyber Monday and Black Friday combined.

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