It’s been another busy week in the world of fintech, with plenty of news and developments to keep up with. Here’s a roundup of the top stories from the week of March 11-18, 2023:
1. Apple Pay Launches in India: Apple Pay has officially launched in India, allowing customers to make payments using their iPhones or Apple Watches. The service is currently available to customers with Axis Bank, HDFC Bank, and SBI cards, with more banks expected to be added soon.
2. Goldman Sachs Launches Digital Bank: Goldman Sachs has launched a new digital bank, Marcus by Goldman Sachs, which will offer savings accounts and personal loans. The bank is aimed at younger customers and will offer competitive interest rates and no minimum balance requirements.
3. Amazon Launches Credit Card: Amazon has launched a new credit card that offers rewards for purchases made on Amazon.com. The card also offers cash back on purchases made at other retailers, as well as discounts on Amazon Prime membership fees.
4. Mastercard Introduces Biometric Payment Cards: Mastercard has announced the launch of biometric payment cards, which will allow customers to make payments using their fingerprints. The cards are expected to be available later this year and will provide an extra layer of security for customers.
5. PayPal Acquires Venmo: PayPal has acquired Venmo, a popular peer-to-peer payment app, for $2.2 billion. The acquisition will allow PayPal to expand its presence in the mobile payment space and offer more services to its customers.
6. Square Launches Cash App Investing: Square has launched Cash App Investing, a new service that allows users to invest in stocks and ETFs with as little as $1. The service is currently available in the US and UK, with plans to expand to other countries in the future.
These are just some of the top stories from the week of March 11-18, 2023. As the world of fintech continues to evolve, it’s important to stay up-to-date on all the latest news and developments.
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