#monzo

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In this week’s global payments news roundup, Monzo secures a significant investment of $430 million to fuel its expansion plans in the U.S., with Alphabet’s CapitalG among the key investors. This infusion brings Monzo’s valuation to $5 billion, marking a remarkable turnaround from its previous valuation of $2 billion in 2022. Monzo, which achieved profitability in 2023, aims to renew its U.S. market ambitions, this time seeking a partnership instead of pursuing a banking license.

Meanwhile, Stripe introduces Tap to Pay technology for iPhone in the U.K., enabling businesses to accept contactless payments without additional hardware. This move follows Stripe’s successful implementation of Tap to Pay in the U.S. The technology, also known as softPOS, offers a low-cost payment option, particularly beneficial for small businesses and sole proprietors. Banks like TD Bank and JPMorgan Chase are incorporating Tap to Pay into their mobile banking apps to expand merchant acquiring services.

In Ireland, the Central Bank expresses concerns over the slow adoption of payment innovations in the country’s banking system. Despite the availability of instant payments infrastructure since 2017, material providers have yet to implement it fully. Deputy Governor Vasileios Madouros emphasizes the need for accelerated adoption of real-time payments and open banking initiatives to ensure Irish consumers and businesses can benefit from these advancements. Additionally, Madouros underscores the importance of preserving access to cash and enhancing security and resilience in Ireland’s payment ecosystem amidst its evolution into a fintech hub.

for more details please visit our website - https://www.fortuneviews.com/monzo-the-uk-digital-bank-reaches-a-valuation-of-5-billion-following-its-latest-funding-round/

WHY THE FUCK IS THIS NEEDED?

why is a bank spending money on this bullshit? who needs it? who asked for it?

whether you find it quirky and a bit of fun or absolutely invasive and inappropriate...

the real questuon is WHY THE FUCK

In this week’s global payments news roundup, Monzo secures a significant investment of $430 million to fuel its expansion plans in the U.S., with Alphabet’s CapitalG among the key investors. This infusion brings Monzo’s valuation to $5 billion, marking a remarkable turnaround from its previous valuation of $2 billion in 2022. Monzo, which achieved profitability in 2023, aims to renew its U.S. market ambitions, this time seeking a partnership instead of pursuing a banking license.

Meanwhile, Stripe introduces Tap to Pay technology for iPhone in the U.K., enabling businesses to accept contactless payments without additional hardware. This move follows Stripe’s successful implementation of Tap to Pay in the U.S. The technology, also known as softPOS, offers a low-cost payment option, particularly beneficial for small businesses and sole proprietors. Banks like TD Bank and JPMorgan Chase are incorporating Tap to Pay into their mobile banking apps to expand merchant acquiring services.

For more details please visit our website - https://www.fortuneviews.com/monzo-the-uk-digital-bank-reaches-a-valuation-of-5-billion-following-its-latest-funding-round/

In this week’s global payments news roundup, Monzo secures a significant investment of $430 million to fuel its expansion plans in the U.S., with Alphabet’s CapitalG among the key investors. This infusion brings Monzo’s valuation to $5 billion, marking a remarkable turnaround from its previous valuation of $2 billion in 2022. Monzo, which achieved profitability in 2023, aims to renew its U.S. market ambitions, this time seeking a partnership instead of pursuing a banking license.

Meanwhile, Stripe introduces Tap to Pay technology for iPhone in the U.K., enabling businesses to accept contactless payments without additional hardware. This move follows Stripe’s successful implementation of Tap to Pay in the U.S. The technology, also known as softPOS, offers a low-cost payment option, particularly beneficial for small businesses and sole proprietors. Banks like TD Bank and JPMorgan Chase are incorporating Tap to Pay into their mobile banking apps to expand merchant acquiring services.

For more details please visit our website - https://www.fortuneviews.com/monzo-the-uk-digital-bank-reaches-a-valuation-of-5-billion-following-its-latest-funding-round/

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