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Welcome to another episode of our Daily Fintech Podcast.
This podcast episode is sponsored by PayRetailers. PayRetailers’ payment platform leverages API technology to connect Latin American consumers with international merchants, offering a seamless payment experience. From the merchant’s perspective, the solution has the distinct advantage of eliminating the hurdles associated with integrating multiple acquirers and payment methods. Visit: www.payretailers.com
THE NEWS HIGHLIGHT OF THE DAY IS
British neobank Revolut is preparing to crank up its new Brazilian operation in November, just before the FIFA World Cup gets underway, and has as part of its offering an international account for fans traveling to watch the national team in Qatar. It’s a move that encapsulates its initial strategy for Latin America: a focus on products for travelers, currency exchange, and competitive fees.
JUST IN:
Revolut partners with Tink. Revolut will leverage open banking technology to streamline its European customers’ money transfers by simplifying the way funds are moved from account to account.
ALSO:
Curve, the 'all-your-cards-in-one' fintech banking app, has made 60-70 people redundant, amid mounting fears of a recession. The company has a headcount of 425 people, according to LinkedIn, meaning the true figure of the layoffs represents a similarly high percentage of cuts made by Klarna recently.