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Venmo’s Instant Cashout Option to Create Revenue for PayPal in 2019

Bank Innovation

PayPal finally anticipates monetizing Venmo in 2019, nearly six years after acquiring the P2P service. Venmo's revenue run-rate is over $200 million for 2019, PayPal CEO Dan Schulman said in the earnings call Wednesday after market close.

Marketing 170
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Financial services at IBM Think 2019

Insights on Business

IBM will be hosting IBM Think 2019 from February 12-15 this year at a new location in San Francisco, CA. In 2019, the financial services industry will continue to be disrupted by new customer experience expectations, market entrants, emerging ecosystems, digital transformation and shifts in a variety of economic and technological trends.

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FinTech Startup Sezzle Tops 1M Active Customers

PYMNTS

Digital payments FinTech startup Sezzle announced on Monday (Feb. Three years after launching, the startup hit the half-million customer mark in August 2019. BNPL providers are seeing market growth and new funding opportunities. 10) that it topped 1 million active customers. . and Canada and is quickly growing.

Fintech 130
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BI Ignite 2019 DEMOvation Application Deadline is Friday

Bank Innovation

Time is running out to apply for Bank Innovation’s DEMOvation Challenge, in which fintech startups demo before a crowd of conference attendees in hopes of earning their vote and walking away with prizes. The application deadline is Friday, February 8. Apply here.

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Making financial services more secure at IBM Think 2019

Insights on Business

Working with fintechs is opening banking opportunities, but are compliance and regulatory mandates being met? At Think 2019, the security team behind the IBM Cyber Range will bring the stress of a cyber incident directly to the audience. –> Browse more Think 2019 financial services blogs. IBMFintech Twitter.

Security 114
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Digital Payments Startup GPay Awarded Vietnam License

PYMNTS

The State Bank of Vietnam granted FinTech startup GPay a 10-year license to provide intermediary payment services in the country — electronic payment portals, payment services, digital money transfer services and eWallet services. In 2019, Payme, FinViet, EPay, PayTech, Dibee and Smart Net were granted licenses from Vietnam’s central bank.

Payments 154
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KBank On Rethinking Bank-FinTech Relations

PYMNTS

The World Bank also noted that it is expensive to send money across borders, with the average fee for transferring $200 at 7 percent in Q1 2019. Thailand-based Kasikornbank (KBank) recently took steps to address these and other common pain points in the country’s financial services sector by forging partnerships with FinTechs.

Fintech 122