/markets
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.
23 April 2024
/retail
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.
/payments
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.
Troubled mobile banking startup Monese is formulating plans to splinter the business into separate consumer-facing and corporate concerns amid mounting losses.
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.
/startups
US startup Pomelo has raised $35 million in a Series A funding round for its credit-building remittance app and card.
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).
UniCredit is upgrading all its debit, credit and pre-paid cards with features designed by Mastercard for blind and partially sighted people.
/regulation
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.
22 April 2024
The UK's Financial Conduct Authority intends to step up its investigations into the competitive implications of Big Tech companies in financial services.
The Bank for International Settlements together with seven central banks is embarking on a major project to explore tokenisation of cross-border payments.
/crypto
Tokenised money is on the horizon in numerous countries. This week, the Bank of England’s Sarah Breeden announced that a discussion paper will be released in summer 2024 to draw on input from the private sector to complement the work being conducted on stablecoin regulation and retail central bank digital currency (CBDC).
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