article thumbnail

Revolut Launches Robo-Advisor in Singapore

Fintech News

Revolut, a global neobank with over 50 million users, has introduced a robo-advisor service in Singapore. The robo-advisor requires a minimum investment of US$ 100 and charges an annual portfolio management fee of 0.75% of the portfolio value, charged each month.

Advisors 111
article thumbnail

How are Interchange Fees Calculated?

Stax

Credit and debit cards have become the preferred payment methods for many, and it isn’t hard to see why. In 2023, 27% of all point-of-sale (POS) payments were made using credit cards while 23% were made with debit cards. This is a win-win situation for issuing banks and credit card payment networks.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Wirex founder Pavel Matveev joins COCA Wallet

Finextra

COCA, the world's first MPC wallet with a non-custodial debit card, is excited to announce that Pavel Matveev, the Founder of Wirex, a leading Web3 money app, has joined its team as a Strategy and Product Advisor.

article thumbnail

PSCU: Debit Card Spend Growth Above Historic Levels

PYMNTS

“Our data continues to show signs of consumer awakening, with the growth rate for debit spend above historic levels and credit card spend continuing to show week-over-week improvements,” said Glynn Frechette , senior vice president, Advisors Plus at PSCU. “In The average debit card purchase amount rose 19.9

article thumbnail

Citibank Debit Cards Now Offer Quick Lock

PYMNTS

Citibank has announced news that customers can now utilize the popular Citi Quick Lock feature on their debit cards, enabling them to quickly temporarily freeze their card in order to protect their bank accounts. Customers can easily lock their debit cards online or via Citibank’s mobile app if a card is misplaced.

article thumbnail

DBS Unveils Merchant Banking Package With Waivers, Cashback for SG60

Fintech News

These include a first-year waiver on account fees with no minimum balance, waivers on processing fees for the first 50 GIRO and 50 FAST payments each month, six months of free NETS terminal usage worth SGD 300, 60% off processing fees for working capital loans, and 6% cashback on Business Advance+ Debit Card spending.

article thumbnail

Karma Wallet Appoints Former Visa Sustainability Chief Douglas Sabo as Strategic Advisor

Fintech Finance

Karma Wallet , a fintech company and ecosystem enabling sustainable consumer spending, today announced the appointment of Douglas Sabo, former Visa Chief Sustainability Officer (CSO), as a Strategic Advisor to the company. Karma Wallet is building a comprehensive financial ecosystem to democratize consumer access to ethical spending.