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Latest Results from /retail

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PayPal uses stablecoin to invest in blockchain risk management startup

PayPal has used its own stablecoin to make an additional investment in blockchain risk management specialist Chaos Labs.

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Indian Supreme Court YouTube page hacked to promote XRP

The Indian Supreme Court's official YouTube channel has been hacked and used to show videos promoting Ripple Labs' XRP crypto token.

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Walmart to offer instant bank payments

Walmart is teaming up with Fiserv to let online shoppers pay directly, and instantly, from their bank accounts.

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Visa and dtcpay team on crypto-to-fiat card

Singapore's dtcpay is teaming up with Visa on a card that enables ultra high net worth individuals to convert their digital currencies such as stablecoins into fiat at real-time rates.

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Deutsche Bank to close branches in favour of video advice

Deutsche Bank is to shutter a “mid-double-digit number” of branches while investing in telephone and video channels for providing personal advisory services to customers.

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Former TSB boss Pester becomes chair of wealthtech startup Firenze

Former TSB and Virgin Money boss Paul Pester has taken on the role of chair at Firenze, a Manchester-based embedded finance startup that helps wealth managers offers customers loans secured against their investment pots.

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Starling warns of rise in voice cloning scams

Voice cloning scams – where fraudsters use AI technology to replicate the voice of a friend or family member – could be set to catch millions out, according to new research from Starling Bank.

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Card rewards startup Yonder raises £23.4 million

Rewards credit card startup Yonder has raised £23.4 million in new funding at a post-money valuation in excess of £100 million.

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Australia gives priority to wholesale CBDC over retail

The Reserve Bank of Australia is to prioritise the issuance of a wholesale central bank digital currency over a retail CBDC, arguing that a clear business case for the latter has yet to emerge.

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Contactless takes the lead for Canadian in-store payments

The number of contactless payments in Canada increased by 17% in 2023 to reach 63% of all in-store transactions.

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Banks in Singapore add facial verification to security toolkit

Banks in Singapore will progressively implement Singpass Face Verification (SFV) over the next three months to strengthen the digital token (DT) setup process for retail banking customers.

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Indian lending app mPokket to hire 5000 new staff

Indian digital lending app mPokket is to hire 5000 new staff in the coming year, more than tripling its current workforce.