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Latest Results from /retail

/retail

Putin orders Russian bank to cooperate with China on AI

Sberbank, Russia’s largest financial institution, has been told to work with China on the development of AI-based services.

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Dave faces US lawsuit

The US Department of Justice and Federal Trade Commission have launched legal action against Dave, the mobile banking app, alleging that it misled customers over its charges.

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Finextra's year in review

With 2024 drawing to a close, we take a look back at our most popular news items and community engagement activities over the course of the past year.

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EPC issues RFP for API Test Toolbox for verification of payee

The European Payments Council has issued a request for proposal (RFP) for an API Test Toolbox for the Verification of Payee scheme.

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USDC comes to the big screen

US movie chain Regal is to accept USDC stablecoins through Coinbase wallet as payments for tickets at all of its big screen locations.

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Fiserv boosts embedded finance offering with Payfare acquisition

Fiserv is boosting its embedded finance capabilities with the acquisition of Payfare, a provider of workforce payments for gig economy companies.

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CFPB sues JPMorgan, BofA and Wells Fargo over Zelle fraud

The Consumer Financial Protection Bureau has filed a lawsuit against JPMorgan Chase, Bank of America and Wells Fargo, accusing them of allowing fraud to "fester" on P2P payments platform Zelle.

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PalmPay and Jumia partner to develop Nigerian digital payment ecosystem

In an attempt to grow the use of the cashless economy, operator of Nigeria's most used mobile wallet PalmPay has partnered with African e-commerce giant Jumia.

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Chargeback platform Justt raises $30 million

Chargeback management firm Justt has secured a $30 million Series C round to fund global expansion.

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Chime files for IPO

Digital-first mobile bank Chime Financial has reportedly filed for an IPO, according to sources cited by Bloomberg.

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UK neobank app downloads surpass legacy banks for the first time

A new analysis of finance, fintech and crypto apps on the Google Play Store by SplitMetrics, has found that UK neobanks have surpassed UK legacy banks in terms of app downloads for the very first time ahead of the festive season.

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New Zealand reduces merchant service fees for card payments

New Zealand's Commerce Commission has issued a draft decision to reduce fees paid by Kiwi businesses for accepting Visa and Mastercard payments.