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Latest Results from /retail

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Wise targets huge Indian remittance market

Money transfer fintech Wise is set to take on India's banks in the country's $32 billion remittance market after securing a new licence from the RBI.

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Judge orders Ripple to pay $125m penalty

Ripple has been ordered by a US judge to pay the Securities and Exchange Commission $125 million in penalties for improperly selling its XRP token to institutional investors.

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Amazon and Barclays launch co-branded credit card

Amazon and Barclays have come together to launch a perks-loaded co-branded credit card in the UK.

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HSBC pledges to retain branch numbers

HSBC has pledged not to close any more branches until at least 2026 amid politcal and regulatory pressure to maintain access to cash on UK high streets.

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Techstars cuts staff as JP Morgan-backed programme ends

Startup accelerator Techstars is cutting its workforce by 17% and killing off its $80 million JP Morgan-backed Advancing Cities programme.

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ClearBank secures Dutch banking license

British bank ClearBank has secured its European banking license from the European Central Bank, under supervision of De Nederlandsche Bank.

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NerdWallet cuts workforce by 15%

US personal finance outfit NerdWallet is reducing the size of its 730-strong full-time workforce by about 15% as part of a restructuring plan to slash operating expenses.

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Australia moves one step closer to roll out of Confirmation of Payee

Australian Payments Plus (AP+) and the Australian Banking Association (ABA) have completed the design specs for a new national Confirmation of Payee service, providing another layer of protection against scammers.

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Google integrates Greenlight card into smartwatch for kids

Users of Google's new kid-focused smartwatch will be able to connect a debit card from Greenlight Financial Technology for contactless payments.

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MUFG invests $393m in Filipino fintech Mynt

Philippines-based mobile payment and credit service Mynt has seen its valuation soar to $5 billion after Japan's MUFG and local investor Ayala each pumped $393 million into the GCash wallet operator.

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CommBank to equip all staff with AI training modules

Commonwealth Bank of Australia is rolling out an AI microlearning series to all employees.

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Royal Mint turns waste into gold

The UK's Royal Mint has set up an industrial plant to extract gold from discarded circuit boards.