Latest Retail banking News: Finextra Research

India's Mswipe enters UK through Cashflows partnership

Indian fintech Mswipe is entering the UK market thanks to an acquiring BIN sponsorship model partnership with Cashflows.

17 March 2025

/retail

Curve prepares for the wallet wars with £37m investment

London-based digital wallet Curve has raised £37 million in a funding round led by Hanaco Ventures.

17 March 2025

/retail

ABN Amro-owned neobroker fined €1.6m for paying finfluencers

BUX, the European neobroker owned by ABN Amro, has been fined €1.6 million by Dutch regulators for paying finfluencers, existing customers and comparison websites for introducing new customers.

14 March 2025

/retail

Raisin launches in Finland

German savings and investment products marketplace Raisin is moving into the Nordics through a launch in Finland.

14 March 2025

/retail

FCA seeks feedback on scrapping £100 contactless limit

The UK Financial Conduct Authority is inviting feedback on its previously-floated proposal to remove the £100 contactless limit on card payments.

14 March 2025

/retail

Senate votes to scrap CFPB oversight of Big Tech payment apps

The US Senate has voted to overturn a Consumer Financial Protection Bureau rule that would give the watchdog oversight of tech giants, such as Apple, Google and X, that offer digital payment apps and wallets.

13 March 2025

/retail

Santander and Amazon introduce Visa card in Austria

Amazon and Santander have launched a Visa credit card in Austria which rewards customers with cashbacks for shopping on Amazon and other sites.

13 March 2025

/retail

Flagstone builds sleeping giant to highlight savings shortfall

Savings platform Flagstone has unveiled this week a 8m long, 4m tall sleeping giant, made up of fully recyclable materials and 2,000 fake bank notes.

13 March 2025

/retail

Mexican digital bank Plata raises $160m

Less than two years after launching, Mexican digital bank Plata has joined the unicorn club off the back of a $160 million Series A funding round.

13 March 2025

/retail

Binance receives $2 billion investment from Abu Dhabi's MGX

Abu Dhabi investment group MGX has invested $2 billion in stablecoin in crypto exchange Binance.

12 March 2025

/retail

Visa says new anti-scam unit thwarted $350 million in attempted fraud

Visa says that its newly-formed scam disruption practice prevented more than $350 million in attempted fraud in 2024.

12 March 2025

/retail

RBA bangs heads over proposals to decommission Bulk Electronic Clearing System

The Reserve Bank of Australia has called for more clarity in planning for the decommissioning of the Bulk Electronic Clearing System (Becs), arguing that the industry is yet to arrive at a shared vision of the desired features of account-to-account payments in Australia and that there has been insufficient industry coordination, planning and certainty regarding the transition.

12 March 2025

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