Tag: mastercard
Samsung Money is a debit card tied to Samsung Pay
Samsung didn’t wait long to unveil its take on a debit card. The tech giant has introduced Samsung Money, a SoFi-powered “money management experience” that combines a Mastercard debit card with a cash management account. Not surprisingly, it integrat… Source
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Visa’s Africa strategy banks on startup partnerships
Visa has prioritized growth in Africa, and partnering with startups is central to its strategy. This became obvious in 2019 after the global financial services giant entered a series of collaborations on the continent, but Visa confirmed it in their 2020 Investor Day presentation. On the company’s annual call, participants…
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Los Angeles-based challenger bank HMBradley officially opens its virtual doors
The Los Angeles-based digital challenger bank, HMBradley, opened its virtual doors to the public today, allowing the thousands of waitlisted would-be users to set up direct deposits and collect their sign-up bonuses. The company is offering banking customers an up to 3% return on their savings based on the percentage…
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Gates, Wellcome and Mastercard launch $125 million fund to finance COVID-19 treatments
The Bill & Melinda Gates Foundation, Wellcome, and Mastercard announced a new initiative yesterday to accelerate technologies designed to identify, assess, develop, and scale treatments to the COVID-19 epidemic. The COVID-19 Therapeutics Accelerator will evaluate new and repurposed drugs and biologics to treat patients with COVID-19 in the immediate term,…
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Africa e-tailer Jumia reports first full-year results post NYSE IPO
Pan-African e-commerce company Jumia got into the black (by a small amount) on its gross profit vs. fulfillment expenses, expanded financial services and still posted losses. The online sales company, with an operations center in China, also anticipates some negative impact on 2020 growth from the coronavirus outbreak, CEO Sacha…
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Venmo prototypes a debit card for teenagers
Allowance is going digital. Venmo has been spotted prototyping a new feature that would allow adult users to create a debit card connected to their account for their teenage children. That could potentially let parents set spending notifications and limits while giving kids more flexibility in urgent situations than a…
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