Digital Banking Weekly #41

🌎 World Bank predicts sharpest decline of remittances in recent history by about 20% in 2020 due to the economic crisis induced by the COVID-19 pandemic and shutdown 🔗 Read more

💳 Report: Regulation and contactless boost card acceptance in Europe 🔗 Read more

🚸 UK-based gohenry, a prepaid Visa debit card and app for kids aged 6-18, has reached the one million customer milestone across its US and UK regions 🔗 Read more

🇺🇸 UK challenger bank Monzo has applied for a US banking licence and is preparing to open a San Francisco office 🔗 Read more

🐶 OneDegree, the Hong Kong-based insurtech startup, launched its first product today, a line of medical plans for pets called Pawfect Care 🔗 Read more

🏦 Report: Forrester’s Fintech Funding Roundup, Q1 2020. Global fintech funding during the first quarter was $5.78 billion, down from $7.77 billion in the fourth quarter of last year and $12.59 billion in Q3 2019 🔗 Read more

🇳🇱 Challenger bank Bunq has revamped joint accounts to give customers more flexibility, now customers can create joint accounts with non-Bunq Premium users 🔗 Read more

💰 Business payments processing firm AvidXchange, whose investors include Mastercard and PayPal co-founder Peter Thiel, said it had added an additional $128 million to a $260 million fundraising round it closed in January 🔗 Read more

💸 Fintech bank Revolut aims to turn a profit by year end 🔗 Read more

💼 Facebook is to hire 50 new staff for its stablecoin operation in Dublin, as it pushes ahead with plans to launch its Libra digital wallet by year-end 🔗 Read more

🇳🇴 Open banking platform, Nordic API Gateway today announced that it has secured an additional €4.6 million in internal funding round with its partners, Danske Bank and DNB 🔗 Read more

🇮🇳Ingenico ePayments says wearables, sound, NFC will dominate digital payments in India 🔗 Read more

🇸🇪 Bokio, a Swedish fintech which offers free accounting software to Europe’s small businesses, has landed an $8 million investment and merged with its competitor Red Flag 🔗 Read more

🇱🇻 Zelf, a Latvia-headquartered fintech, is gearing up for the imminent launch of its no-card, no-app banking account in France and Spain 🔗 Read more

💳 Stripe announced that it will now offer card issuing services directly to businesses to let them in turn make credit cards for customers tailored to specific purposes 🔗 Read more