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1287 Results from /retail, 2018

/retail

Monzo preps £20m crowdfunding campaign

UK challenger bank Monzo is going back to the crowdfunding well, seeking up to £20 million from ordinary punters to top up a more traditional recent £85 million funding round.

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UK competition watchdog says PayPal-iZettle deal could push up prices

PayPal's $2.2 billion takeover of Swedish mobile payments firm iZettle could lead to higher prices and worse service for UK customers, a Competition and Markets Authority (CMA) investigation has found.

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Spike in fraud pushes up Venmo losses

PayPal-owned P2P payments app Venmo experienced a surge in fraud earlier this year, leading to bigger than expected quarterly losses.

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BBVA's Propel invests in chatty penguin bot Charlie

BBVA-backed venture fund Propel has led a $9 million Series A round in US-based Charlie, a text-based AI chatbot aimed at less financially astute consumers.

/retail

RBA chief says cash is becoming a 'niche payment instrument'

Reserve Bank of Australia governor Philip Lowe has painted a picture of a near-future society in which physical cash is a niche payment instrument reserved only for emergencies.

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Chip raises £4 million for P2P push

UK savings app Chip has closed a £4 million crowdfund raise as it prepares to enter the P2P lending market.

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Lloyds' customers can now keep track of spending with Google Maps

Lloyds Banking Group has added Google Maps functionality to its mobile app to help customers pinpoint the exact location and details of debit card transactions with a single tap or click.

/retail

UK Treasury Committee launches inquiry into bank IT failures

The UK's influential treasury Committee is to launch an inquiry into bank IT failures after a string of high profile incidents at major banks.

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Kotak Mahindra Bank opens API platform

Kotak Mahindra Bank has opened an API developer platform to spur third party innovation across the bank's datasets.

/retail

Nordics P27 initiative could drive common infrastructure for direct debits

E-invoicing and direct debits stand to be transformed as a result of the P27 initiative, as well as the promotion of healthy competition among banks for new products and services, according to panellists at Finextra's NextGen Banking Nordics annual conference in Stockholm

/retail

Eight banks make top rankings for European startup partnerships

Eight European banks have been lauded as among the top 36 corporates across the continent for their engagement with the startup ecosystem.

/retail

African telcos to create interoperable mobile money network

Two of Africa's largest telcos MTN and Orange have formed a joint venture to create an interoperable mobile money transfer service for payments across the continent.