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Digital Banking Apps Cashing In

PYMNTS

Whatever nomenclature you prefer — neobank, challenger bank, digital bank — the common denominator is app-based convenience and the power of algorithms to help manage and save that has people downloading these apps like mad. The latest PYMNTS Provider Ranking of Digital Banking Apps shows how the players are stacking up.

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In Brazil, Banking Customers Turn To Debit, Digital Banking

PYMNTS

These shifts have made digital banking and debit transactions more important than ever. Consumers are also avoiding cash out of concern that the virus could linger on physical object and are thus favoring virtual and contactless payment cards instead. The Paytm cards can be used both in-store and online.

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London FinTech Glint Pay Launches Gold-Backed Debit Card

PYMNTS

A company called Glint Pay has launched a debit card that’s backed by gold instead of currency, according to a report in The Denver Post. The card was released in the U.S. The debit card was introduced early in 2018 in Europe. Glint Pay has upwards of 50,000 downloads of its mobile app and around $50 million in transactions.

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Mobile Cards Key To Winning Bank Accounts

PYMNTS

As the report states, “We … find that a significant share of consumers are willing to bank with the institutions — financial or otherwise — that offer them the best spending and money management tools.”. Mobile Cards: Make or Break? The highest interest is among “bridge millennials” whose card spend averages $40,000 annually.

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NEW REPORT: Wells Fargo On Leveling Up Its Digital Banking Game

PYMNTS

But even as more consumers use mobile and online banking apps than ever before, they are frustrated by the experience when they log on, and still prefer visiting a bank branch for more involved transactions. . Around the Digital Banking World. Fintech sector as a whole brought in just £1.7

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Deep Dive: Why FIs Must Master Tomorrow’s Digital Banking Needs Today

PYMNTS

Brick-and-mortar branches shuttered as social distancing measures were enforced, and customers subsequently turned to mobile apps or websites to fulfill their banking needs rather than risking in-person visits. during the past two months, for example, and mobile banking app downloads saw a 60 percent jump.

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Business Payments FinTechs Embrace A Time To Innovate

PYMNTS

Virtual Cards And Mobile Technology. That can be attributed, in part, to the company's virtual card investments, according to Rettig, with the company's ability to support supplier virtual card acceptance "starting to pay off earlier than expected in the quarter.”. While losses climbed from $5.7