Mobile Payments

Revolut is reportedly in talks with SoftBank’s Vision Fund 2 about participating in a fundraising effort that could value the banking and payment app at more than $30bn, Sky News reported.

Tribe Payments has teamed with ClearBank to leverage the latter’s banking-as-a-service platform to help provide Tribe’s customers with improved access to payment schemes.

Germany-based startup OneFor launched a cross-border money transfer and payments app aimed at migrant workers in Europe.

A new report by the Emerging Payments Association EU (EPA EU) and The Paypers offers a review across Europe’s individual payments markets, ranking the key players according to their place in the value chain and several financial indicators.

Italian digital bank Bari Bank has introduced a debit and credit card supplied with pre-set funds for children and teenagers.

Philippines-based Voyager has reportedly collected $167m in its funding round for its digital payments platform PayMaya.

Hong Kong virtual bank Mox has partnered with Mastercard to introduce a new tool that allows Mox users to flip between spending on an all-in-one debit and credit card.

Our weekly roundup of the big FinTech trends from the past seven days is all you need to keep yourself updated on what’s happening in the industry.

Mastercard has collaborated with Bilt Rewards to launch Bilt Mastercard - a credit card that offers no fees on rent payments.

Starling Bank has given children aged between 6 and 16 access to an account that will enable them to view their balance and transactions and receive spending notifications.