James Doherty’s Post

What Happened This Week in the World of Fintech? 👀 Nu Mexico Introduces Revolutionary Feature: Receive Money from the US via WhatsApp In partnership with Felix Pago, Nu Mexico launched a new functionality: cross-border money transfers. Now, clients can receive money from the US directly through WhatsApp! 📲 Why are we talking about it? - Simplicity: Sending money from the US to Mexico is now as easy as sending a message. - Speed and Efficiency: No additional apps are required, and the process is fast and secure. - Innovation: This initiative demonstrates the power of fintech in improving financial transactions. Collaborations like these are redefining the future of banking and financial services. Stay tuned for more exciting updates from the world of fintech! 🌎 #FintechAlert #NuMexico #InnovationInBanking #FelixPago #Vacuumlabs

Revolut, a global financial app with millions of users, introduces Mobile Wallets, a new feature simplifying international #money #transfers. Users can send #money abroad quickly using recipient IDs like names or phone numbers. Initially available for transfers to platforms like bKash in Bangladesh and M-Pesa in #Kenya, Mobile Wallets aim to streamline remittance experiences. Revolut's expansion into these markets caters to the needs of expatriates and international students. The service offers an #affordable and convenient solution for #sending #money home, aligning with Revolut's commitment to empowering individuals in navigating cross-border finance. Mobile Wallets maintain a pricing structure similar to #bank transfers, providing customers with enhanced ease and #flexibility in #transferring funds internationally. #MobileWallet #Revolut #fintech #hakunamatatamedia

𝗙𝗶𝗻𝘁𝗲𝗰𝗵 𝗡𝗲𝘄𝘀: 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝗶𝗻𝗴 𝗞𝗲𝘆 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁𝘀! 🚀⁣ ⁣ Today, we're excited to highlight some of the latest updates shaping the industry landscape. From Revolut's expansion of mobile wallet services in Africa to Cash App's efforts to enhance its banking features, these stories underscore the ongoing innovation and progress in fintech. 1️⃣ 𝗥𝗲𝘃𝗼𝗹𝘂𝘁 𝗘𝘅𝗽𝗮𝗻𝗱𝘀 𝗠𝗼𝗯𝗶𝗹𝗲 W𝗮𝗹𝗹𝗲𝘁𝘀⁣ Revolut is extending its mobile wallet services to African countries, benefiting expats and international students by enabling seamless money transfers via their app. https://lnkd.in/e3FSs7uK 2️⃣ 𝗖𝗮𝘀𝗵 𝗔𝗽𝗽 𝗔𝗶𝗺𝘀 𝘁𝗼 𝗔𝗱𝗱 𝗠𝗼𝗿𝗲 𝗙𝗲𝗮𝘁𝘂𝗿𝗲𝘀⁣ Currently, only 2 million of Cash App’s 57 million active users use its direct deposit feature for paychecks. Block plans to introduce tools for credit building, subscription management, wire transfers, and bill pay to attract more users to its banking features. https://lnkd.in/e74Rcy9Y 3️⃣ 𝗕𝘂𝗻𝗾 𝗕𝗮𝗻𝗸 𝗟𝗼𝗼𝗸𝘀 𝘁𝗼 𝗥𝗲𝗹𝗮𝘂𝗻𝗰𝗵 𝗶𝗻 𝗕𝗿𝗶𝘁𝗮𝗶𝗻⁣ After being forced out by Brexit regulations in 2020, bunq is planning to re-enter the UK market. The neobank aims to attract the UK's substantial community of 2.8 million 'digital nomads'. https://lnkd.in/evNjcGrY 4️⃣ 𝗧𝘂𝗿𝗸𝗶𝘀𝗵 𝗙𝗶𝗻𝘁𝗲𝗰𝗵 𝗖𝗼𝗹𝗲𝗻𝗱𝗶 𝗦𝗲𝗰𝘂𝗿𝗲𝘀 $𝟲𝟱𝗠 Colendi has raised $65 million in a Series B funding round, boosting its valuation to $700 million. The round was led by Citi Ventures, with participation from several other investors. https://lnkd.in/dXfmxwRK 5️⃣ 𝗖𝗿𝗲𝗱𝗶𝘁 𝗖𝗮𝗿𝗱 𝗣𝗮𝘆𝗺𝗲𝗻𝘁𝘀 𝗠𝗮𝗿𝗸𝗲𝘁 W𝗼𝗿𝘁𝗵 $𝟭.𝟮𝟮 𝗧𝗿𝗶𝗹𝗹𝗶𝗼𝗻 𝗶𝗻 𝟮𝟬𝟯𝟮 The credit card payments market is growing rapidly, driven by technological advancements and increased adoption of digital transactions. The market is projected to reach $1.22 trillion by 2032, with a CAGR of 8.87%. https://lnkd.in/dZ-8Jgdw 💡 Don't miss out on the latest fintech trends and developments! Follow us for more insights and join the conversation. #Fintech #Innovation #Finance #Blockchain #PaymentSolutions #TechNews #FintechNews #Payments #creditcard #revolut #cashapp #digitaltransactions #fintechdevelopemnts #neobank

Exciting news for the South African fintech landscape! Khaya.money is launching soon, offering the first truly interoperable money transfer solution in the country. Our platform allows users to send money to any major eWallet service, all from one easy-to-use app. 🚀 Streamline your transfers 💡 Reduce costs ⏱️ Save time As we prepare for launch, we'd love to hear from finance professionals: What challenges do you see in the current money transfer ecosystem? #FinTech #SouthAfrica #DigitalPayments #Innovation

🌐 Revolutionizing FinTech with Moov Digital Wallets! 🚀 Exciting times ahead in the world of finance as Moov, the game-changer in digital wallets, steps into the spotlight! 💳✨ At Moov, we're not just providing a digital wallet; we're empowering the underserved and underbanked to transact conveniently, easily, and affordably. 🌍💸 🔍 Key Features: Versatile Access: USSD, WhatsApp chat banking, or App – because accessibility matters. Moov ensures that anyone, anywhere can manage their finances effortlessly. Empowering Transactions: Whether it's Person to Person (P2P) or Person to Merchant (P2M) payments, Moov puts the power in the hands of both customers and merchants. Your money, your choice, your way. Limitless Transfers: No more limits on inter-account transfers. With Moov, your financial transactions are as boundless as your aspirations. Global Connectivity: Breaking barriers, Moov facilitates cross-border exchanges. Your money knows no borders. Crypto-Friendly: Embracing the future, Moov enables crypto transfers. Seamlessly move between traditional and digital currencies. Integrated Services: Moov isn't just a wallet; it's an ecosystem. Enjoy seamless integrations with services like airtime or data purchases, bill payments, insurance payments, QR payments, and more. 💡 Meet the Strategist: Ocey Phillips As the visionary behind Moov's strategy for both the UK and Africa, and now expanding into the Caribbean and Latin America, Ocey Phillips is driving the financial revolution. His expertise ensures that Moov is not just a digital wallet; it's a force shaping the future of financial accessibility and inclusion. 🚀 Join the Moovment! The era of financial empowerment is here, and Moov is leading the way. Join us on this journey towards a more inclusive and connected financial landscape. 💼🌐 💬 Your thoughts matter! What features are you most excited about in the Moov digital wallet? Let's start a conversation! #Moov #DigitalWallet #FinancialInclusion #FintechRevolution #OceyPhillips #UK #Africa #Caribbean #LatinAmerica 🌟

PalmPay Introduces Zero Bank Transfer Fees On Fintech App Transactions https://lnkd.in/dkqbtcKY #teqtrends #Pampay #Zerobank ##Fintech #App #Transaction #Fees #Apptransaction

Neobank Revolut, which has over 45 million global account-holders, is spinning off its $9.5 billion AUM investment app to compete directly with others like Robinhood, Betterment, and Public. By the numbers: - Revolut will offer 5,000 assets to start. - The app will charge a fee of 0.25% or €1, unlike the no-cost neobrokers. - Around 5% of Revolut's 45M customers are active (meaning more than one trade per week). - 3M users have a trading account, and 20,000 customers are signed up for Trading Pro. - AUM has 3x'ed since the end of 2023. https://lnkd.in/ekd-DNeV

Have you wondered what happens after users click "pay" on a financial app? Settlement is what happens! 🤔But how does it all work behind the scenes? Settlement processes can involve multiple players, complex systems, and regulatory requirements. This is why for fast and efficient settlement time- a deep understanding of Fintech operations is critical! 🎯Our Seamless Fintech Operations Course provides you with the in-depth knowledge and practical skills you need to navigate the intricacies of Fast and Efficient settlement. Enroll Today➡ https://lnkd.in/d375j_qp Become a Fintech Operations Pro Today!🚀 #Fintech #settlement #operations #ThePaymentLogue #africa #learning #tech #fintechcourse #techtalents

Just to give an example of the popularity and power of the Business Model Canvas, here is the one for neobank and fintech company Revolut. The company stands out explicitly as a groundbreaking fintech enterprise, delivering an extensive range of financial services through its mobile app. In difference to conventional banks, Revolut allows users to easily open an account in minutes, completely bypassing the need for paperwork or credit checks. This quick and easy process empowers users to effortlessly conduct transactions, including sending and receiving money, currency exchanges at competitive rates, global ATM withdrawals, and convenient payments via their smartphone or Revolut card. All of this has helped the company to immense growth in revenue and popularity since its founding in 2015. I am not going to into details on the Canvas here, but it's just to show, what is possible with this method. If you are interested, I discussed the Canvas and all its individual components in an earlier post, that can be found in my featured section. (Idea from Nicolas Pinto, Canvas from businessmodelanalyst) #businessmodelcanvas #revolut #fintechinnovation #digitalfinance #entrepreneurialinsights #innovationstrategy

In Case You Missed It | Linas Beliūnas Read, Connect, Build with #linasbeliunas https://lnkd.in/ee-fDSRS 💥Breaking News Europe's most valuable FinTech Revolut is taking on trading giants Robinhood & eToro with its standalone retail wealth app 😳 Called Revolut Invest #revolutinvest the app will: - Offer nearly ~5,000 assets on debut, including US and European stocks, ETFs, commodities and bonds, as well as new products such as CFDs. - Equity and bond investments will face a flat fee of either 0.25% or €1 while charges for CFDs may vary. Currently undergoing testing in Greece, Denmark, and the Czech Republic, the app will be introduced in other European Economic Area countries by the end of the year, as per Revolut. Valued at $45 billion, Revolut aims to be the Global Super App but having a separate WealtTech offering makes a lot of sense: 👉 It can tap into the wave of retail investors returning to the markets as central banks around the world start to cut interest rates. 👉 Revolut will be able to target new customers who aren’t already using its banking services thus using this as a customer acquisition funnel for the main app while at the same time offering premium services & new subscription tiers. Assets under management in Revolut's wealth offering have almost tripled to €8.5 billion, from €3 billion at the end of 2023 🤯 For the perspective, #robinhood currently holds more than $140B in AUC. Retail trading space is about to get really interesting 🍿 #revolut, #fintech, #retailtrading