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Visa updates Fast Track accelerator, enables launch of LGBT+ preferred name card

Payments Source

The accelerator has enabled Los Angeles-based fintech Be Money to relaunch itself as Daylight and bring to market a transgender-inclusive preferred name card.

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In Brazil, Banking Customers Turn To Debit, Digital Banking

PYMNTS

Financial institutions (FIs) are now working to extend services into customers’ homes, for example, and consumers are making fewer credit card payments amid uncertainty over what their employment statuses and budgets might be when the bills come due. The Paytm cards can be used both in-store and online. Around the Next-Gen Debit World.

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In UK, FinTech Alliance Launches

PYMNTS

Movement to foster collaboration between FinTech firms and traditional financial firms continues to gather steam across the globe, aided by government encouragement and initiatives. FinTech Alliance debuted this week, with a roster that tops 500 members. In one recent example, the U.K. In an example of U.K.

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Digital Bank Monzo Jumps Into Lending In The UK

PYMNTS

It has already signed consumers up for its cards in cities including Los Angeles, New York and San Francisco and there is currently a waiting list. FinTechs looking to fly the nest, one major contrast will be the complexity of federal- and state-level laws, compared to the U.K.’s In the U.S.

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UK Digital Bank Monzo Crosses Pond To US

PYMNTS

shores, debuting with what is being termed a “limited rollout” of an app linked to a checking account and debit card. The company said it will be signing up consumers for its cards through the next few weeks at events slated to be held in cities including Los Angeles, New York and San Francisco. In the U.K., In the U.S.

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The Newest Neobank is for the 62+ Crowd

Gonzobanker

For neobanks, funding is plummeting and the path to profitability is about as formidable as crossing the 101 Highway in Los Angeles by foot. It’s more important than ever that financial health innovators actively seek to understand and design for this segment of prospective fintech users.” Early Social Security payments.

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Chime, Challenger Banks And The Challenges Of (Lofty) Valuations

PYMNTS

And within FinTech, that most incandescent of sectors, things might look a bit, well, frothy. Also, in terms of pure valuation, to get a sense of the enthusiasm: CNBC said at the end of last year that Chime’s sales were likely around $300 million, tied to swipe fees on debit cards. billion, as CNBC reported.