article thumbnail

Razer Fintech, Visa Pitch New Prepaid Card To Young Adults In Singapore

PYMNTS

Razer Fintech and Visa have unveiled a new prepaid card, dubbed the Razer Card, now in its test phase. The Singapore-based financial technology company said the move is part of its goal of establishing “the world’s first global youth bank.”. Razer Pay users can “opt-in for a free virtual card” as well.

Cards 150
article thumbnail

Aussie FinTech Douugh Introduces ‘Savings Jar’ With Mastercard Debit

PYMNTS

Australian consumer FinTech company Douugh is kicking off its visual “Savings Jar” feature as it widens the availability of its artificial intelligence (AI)-assisted bank account with a Mastercard debit card, Mastercard said in a press release on Thursday (Sept. million-plus millennials in the country. . Accelerate 2.0

Fintech 148
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

SoFi’s Trading Volume Surges, User Base Nearly Triples

PYMNTS

The idea here was to give millennials and Gen Z, our target audience, access to a diversified portfolio of new economy companies and gig economy companies,” Noto said. The virtual card will instantaneously show up in Samsung Pay at the time of approval. The news comes as Samsung Electronics America, Inc.

Samsung 162
article thumbnail

Small Businesses Making Big Mistake By Going Cash-Only, Report Finds

PYMNTS

Small businesses that ignore next-generation payments technologies like invisible payments or cryptocurrencies are losing out big time, but new research suggests that tens of thousands of dollars are lost by SMEs because they aren’t even accepting cards. Analysis from Expert Market found that some small businesses in the U.K.

Report 140
article thumbnail

Singapore’s Hong Leong Eyes SMBs In Virtual Banking Pursuit

PYMNTS

The company is currently in talks with FinTechs about a joint application for one of the licenses, said President Ang Tang Chor, adding that Hong Leong would like to attract more millennials and newly established firms to its customer base. “We This can be an issue for some individuals and many smaller firms.

article thumbnail

Why Community Banks Can’t Afford To ‘Wait and See’ About Faster Payment Innovations

PYMNTS

The report included several recommendations for banks, FinTechs and other financial services players — guidelines to establish an industry-driven framework for governing the system and encourage further research and investment in emerging financial technologies. Millennials Moving Into And Up In The Business World.

article thumbnail

Why Digital Marketplaces Must Anticipate Shoppers’ Needs

PYMNTS

Indonesian ride-hailing and online payment company GO-JEK , for instance, is expanding its financial technology services through partnerships with peer-to-peer (P2P) lending firms Dana Cita, Aktivaku and Findaya. billion – of funds were lost to card fraud in 2018, up from $1.4 Just under $3 billion – or $2.7 billion in 2017.

Apple 159