Sign up for my Daily Fintech or Daily Digital Banking Newsletters here. Check out my latest podcast episode below:
NEWS HIGHLIGHT
Champagne corks are popping at financial super app Revolut as it celebrates its seventh anniversary by surpassing 20 million retail customers worldwide and processing over 250 million transactions a month. To keep pace with climbing customer numbers, Revolut is continuing to expand its global workforce, topping 5,000 employees globally. Over the past year, Revolut has opened several offices in locations such as New York, Tokyo, Madrid, Barcelona, Paris, Mexico City, Berlin, Budapest, and Bucharest. Additionally, new offices in Mumbai and Bangalore are set to open later this year. Finextra article. Link here.
FINTECH NEWS
#insights

Access to credit is one of the main challenges in Mexico when it comes to substantive and real financial inclusion. According to data provided by the CNBV last year, Mexicans continue to resort to informal instruments to acquire financing, all because the requirements are lower and there is greater flexibility with the granting of credit, compared to banks or government-regulated lenders. Mexico Business News article by Pablo Viguera. Link here.

#bnpl

BNPL providers are moving further in-store through new tie-ups. Klarna will offer its BNPL services to customers across Blackhawk's brick-and-mortar retail network. The tie-up will span groceries, electronics, beauty, and other shopping categories. Sephora tapped Block-owned Afterpay to offer its in-store and online customers in the US interest-free BNPL. As the online BNPL space saturates, providers are seeking out new growth avenues in-store. Insider Intelligence article by Adriana Nunez. Link here.