PYMNTS-MonitorEdge-May-2024

Financial Apps

Fraud Concerns Leave Consumers Skeptical of Payment Data Aggregation Apps
Fraud Concerns Leave Consumers Skeptical of Payment Data Aggregation Apps
January 24, 2024  |  Security & Fraud

Payment fraud incidents have been on the rise, increasing 88% since December 2021, PYMNTS Intelligence research reveals. For instance, 11% of consumers who paid for groceries...

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Intuit to Shut Down Mint, Invite Users to Credit Karma
Intuit to Shut Down Mint, Invite Users to Credit Karma
November 02, 2023  |  financial apps

Intuit is shutting down its personal finance website and mobile app Mint and inviting users to migrate to its Credit Karma offering. Mint will no longer be available as of...

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Chime Mobile Banking Continues to Dominate PYMNTS Personal Finance App Provider Ranking
Chime Mobile Banking Continues to Dominate PYMNTS Personal Finance App Provider Ranking
October 16, 2023  |  Mobile Applications

In this edition of PYMNTS’ Provider Ranking of Personal Finance Apps, we see a number of shifts. Chime is leading our rankings again with a perfect...

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Curve Raises $163 Million to Improve Financial App
Curve Raises $163 Million to Improve Financial App
September 21, 2023  |  Investments

British FinTech Curve says it has raised more than $163 million in a Series C round. The super app provider, whose offering connects all of a user’s...

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Italy and Spain Lead European Demand for All-in-One App
Italy and Spain Lead European Demand for All-in-One App
September 07, 2023  |  financial apps

Consumers’ appetites for an all-in-one app are growing, with nearly 4 in 10 European consumers craving a single app to manage their everyday digital activities....

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95 Million Consumers Say They Want One Digital Place to Bank and Shop
95 Million Consumers Say They Want One Digital Place to Bank and Shop
August 31, 2023  |  financial apps

With so many apps vying for attention, consumers are experiencing app fatigue. This fatigue is giving rise to the growing appeal of a single platform...

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What If: Elon Musk’s X Becomes the Next Super App?
What If: Elon Musk’s X Becomes the Next Super App?
August 03, 2023  |  financial apps

Super apps like Alibaba’s Alipay and Tencent’s WeChat have become super successful in Asia. Their market dominance in turn has made Western entrepreneurs “super” interested...

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Revolut Launches in New Zealand With Waitlist of 26,000
Revolut Launches in New Zealand With Waitlist of 26,000
July 03, 2023  |  Digital Banking

British financial app Revolut has launched in New Zealand. Customers in the country can now use the app to access foreign currency exchange, peer-to-peer payments,...

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Revolut Offers Its Robo-Advisor to US Investors
Revolut Offers Its Robo-Advisor to US Investors
June 29, 2023  |  financial apps

British financial app Revolut has brought its robo-advisor to U.S. soil. The automated investing feature manages customers’ investment portfolios for them with fees Revolut says are...

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