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Latest Results from /retail

/retail

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.

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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.

/retail

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.

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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.

/retail

Klarna sells virtual shopping business Hero

Klarna is selling Hero, the virtual shopping platform it acquired in 2021, to video commerce outfit Bambuser in a deal worth around EUR1.3 million.