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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.

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Digital Bank Monzo Jumps Into Lending In The UK

PYMNTS

Monzo , an online bank out of London, has added loans to its menu of services, the Financial Times reported on Thursday (Aug. can apply for loans as the online bank advances its efforts toward profitability. . The eBank joins smaller rival Starling Bank on the lending front, becoming the second online bank in the U.K.

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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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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.

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SoFi-Social Capital Merger Will Fuel Growth Of One-Stop-Shop Financial Supermarket

PYMNTS

Online FinTech startup SoFi announced Thursday (Jan. Today, SoFi’s suite of products includes 11 different offerings including a no-fee bank and savings account, debit and credit cards, student loans, mortgages, investments, auto/life/homeowners/renters insurance, as well as lending and planning services for small businesses.

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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.

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Fintech Fundings: 18 Companies Raise $400 Million Week Ending July 3

Fintech Labs Insights

headed for the beach, investors in the rest of the world unleashed a tsunami of cash into the fintech sector. billion in new fintech investments (not including Ant). HQ: Los Angeles, California. Online marketplace for financial services. Latest round: $3 million Angel. As folks in the U.S. BankBazaar.

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