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5 Lessons APAC Digital Banks Can Learn from Nubank’s US$1B Profitability Journey

Fintech News

The meteoric ascent of Brazilian neobank Nubank has sent shockwaves through the Latin American banking industry. As digital banks in the Asia Pacific (APAC) region aim to replicate this success, there are valuable lessons to be learned from the unconventional Nubank approach to banking.

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Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Stripe really did come about because we were really appalled by how hard it was to charge for things online.” — John Collison.

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FIS Partners with Affirm to Bring Integrated Pay-Over-Time Capabilities Directly to Debit Issuing Banking Clients and Their Cardholders

Fintech Finance

Together, FIS and Affirm will deliver a new program that enables FIS vast network of banking clients to integrate Affirms industry-leading solution into their existing debit program via their digital banking and mobile app platforms, allowing their customers to easily manage their finances in a single place.

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China’s X Financial Has A New US IPO And 400M P2P Leads

PYMNTS

Banks offer credit limits to borrowers that would seem punitively low in much of the Western world, so there is a pent-up demand for online alternatives. X Financial offerings include a balance-transfer credit card product and an unsecured, high-credit-limit loan product.

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Everything You Need To Know About What Amazon Is Doing In Financial Services

CB Insights

If Amazon can get you lower-debt payments or give you a bank account, you’ll buy more stuff on Amazon.”. Based on our findings, it’s hard to claim that Amazon is building the next-generation bank. In aggregate, these product development and investment decisions reveal that Amazon isn’t building a traditional bank that serves everyone.

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Understanding Payment Processing Terminology Glossary for Merchants

PayHawk

Automated Clearing House (ACH) An electronic network that enables the transfer of funds between bank accounts. Annual Percentage Rate (APR) The annual interest rate charged by a credit card issuer on outstanding balances. B Bank Identification Number (BIN) The first six digits of a payment card number that identify the card issuer.

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