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Latest Results from /retail

/retail

NextGen Nordics 2024: NPC promoting innovation and harmonisation in the Nordics

NextGen Nordics, Finextra’s annual payments event, kicked off on April 23 2024 in Stockholm, Sweden, bringing together an array of experts and leaders in the Nordics payments industry.

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Monzo offers customers free sausage rolls in premium subscription drive

Monzo is enticing customers to shell out for a new range of premium accounts, offering benefits such as a free weekly snack at Greggs and discounted train travel.

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Mauritania commissions G+D to design CBDC

The Central Bank of Mauritania has commissioned Giesecke+Devrient (G+D) to design a digital form of the national currency Ouguiya as a complement to cash.

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Monese plots break-up amid mounting losses

Troubled mobile banking startup Monese is formulating plans to splinter the business into separate consumer-facing and corporate concerns amid mounting losses.

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Revolut bids to boost revenues via targeted advertising

Revolut has hired a TikTok executive to lead a media strategy aimed at boosting its revenues by selling advertising space on its app to brands.

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Pomelo raises $35m for credit-building remittance product

US startup Pomelo has raised $35 million in a Series A funding round for its credit-building remittance app and card.

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UK Finance develops model clauses for variable recurring payments

UK Finance has teamed up with law firm Addleshaw Goddard to put together a set of model clauses that bank account providers and PSPs can use in variable recurring payments (VRPs).

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UniCredit rolls out accessible cards for visually impaired

UniCredit is upgrading all its debit, credit and pre-paid cards with features designed by Mastercard for blind and partially sighted people.

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Apple offer to open up NFC payments access set for EU approval - Reuters

EC antitrust regulators are set to approve an offer from Apple to open up the NFC chip technology that enables iPhone users to make contactless payments to third-party providers, according to Reuters.

/retail

FCA turns the microscope on Big Tech

The UK's Financial Conduct Authority intends to step up its investigations into the competitive implications of Big Tech companies in financial services.

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TabaPay to acquire assets of bankrupt BaaS provider Synapse

Money moving platform TabaPay is to acquire the rival assets of bankrupt Banking-as-a-Service platform Synapse.

/retail

Retail investment app Midas raises $45 million

Istanbul-based retail investing startup Midas has raised $45 million to roll out crypto, mutual fund, and savings account products to its two million users.