Neobank news and trends

Prize-Linked Neobank PrizePool Shutters App Ahead of Acquisition
Digital-First Banking // August 25, 2024

 Neobank PrizePool is reportedly shutting down its consumer app amid an acquisition.  That’s according to a report Sunday (Aug. 25) by Fintech Business Weekly, which says that winding down a startup such as PrizePool can be disruptive to customers who have grown to depend on...

Revolut Rolls Out Latest App to 35 Million Global Accountholders
Digital Banking // October 10, 2023

Revolut has launched the latest version of its app — Revolut 10 — for its more than 35 million global accountholders. “You asked for all things money made easy, so we challenged ourselves to see how easy we could make Revolut 10,” the neobank said in a Tuesday...

European Neobank N26 Integrates Dutch Payment Service iDEAL
Digital Payments // August 25, 2023

European digital bank N26 has integrated the popular local payment service iDEAL into its banking experience in the Netherlands. This move aims to enhance the banking experience for N26 customers in the country by providing a seamless and localized payment solution, the company said in a Thursday (Aug. 24) press release. With...

Upgrade’s $100M Deal for Uplift Brings BNPL for Travelers Into the Fold
Buy Now Pay Later // July 27, 2023

The build vs. buy debate is a perennial one in technology, and in payments.  For neobank Upgrade, in the bid to extend its credit, mobile banking and payment products to more consumers, and to broaden its own portfolio of payment options — specifically in the...

Interviews & Exclusives
Upgrade’s $100M Deal for Uplift Brings BNPL for Travelers Into the Fold

July 27, 2023
The build vs. buy debate is a perennial one in technology, and in payments.  For neobank Upgrade, in the bid to extend its credit, mobile banking and payment products to more consumers, and to broaden its own portfolio of payment options — specifically in the red-hot buy now, pay later (BNPL) space — the decision […]

UK Neobanks Try Business Rewards Accounts to Win Over Small Businesses

May 17, 2023
From high fees to complex applications and an impersonal service, the business current accounts offered by traditional banks still leave a lot to be desired, said Richard Davies, CEO at...

FinTechs Struggle to Retain Consumer Trust in Africa

February 24, 2023
There is no denying that trust plays an important role when it comes to payments transactions. And according to Isaac Kamuta, it’s one of the key advantages regulated traditional banks...

4 Trends Shaping EMEA Banking Sector in 2023

January 02, 2023
In this article, PYMNTS analyzes trends shaping the banking sector in the EMEA region. Zooming in on the different subregions shows that the EMEA banking sector remains at different stages...

Quick Reads
Prize-Linked Neobank PrizePool Shutters App Ahead of Acquisition

August 25, 2024
 Neobank PrizePool is reportedly shutting down its consumer app amid an acquisition.  That’s according to a report Sunday (Aug. 25) by Fintech Business Weekly, which says that winding down a startup such as PrizePool can be disruptive to customers who have grown to depend on it for important banking tasks like direct deposits and bill […]

Revolut Rolls Out Latest App to 35 Million Global Accountholders

October 10, 2023
Revolut has launched the latest version of its app — Revolut 10 — for its more than 35 million global accountholders. “You asked for all things money made easy, so we challenged ourselves...

European Neobank N26 Integrates Dutch Payment Service iDEAL

August 25, 2023
European digital bank N26 has integrated the popular local payment service iDEAL into its banking experience in the Netherlands. This move aims to enhance the banking experience for N26 customers in the country by providing a...

Neobank bunq Launches Cash Back and Savings Interest

July 18, 2023
European neobank bunq has added cash-back and savings bonuses to its offerings designed for digital nomads. bunq now offers 1% cash back on food and drinks to Easy Money and...