Tag Archives: debit

Robinhood (HOOD) is launching a Cash Card and banking on consumer spending trends to unlock its next growth opportunity. For each transaction, Robinhood Cash Card customers can decide whether to round up their change to the nearest dollar when they make purchases and they can then choose an investment asset to direct their spare change to. “The next generation has a high interest in investing, but it is out of reach for many because they’re caught up in the cycle of spending” Robinhood… Source link

Cryptocurrency exchange Bakkt is partnering with Mastercard (MA) to offer crypto debit and credit cards, making it easier for consumers to pay using digital coins. Via Mastercard and Bakkt (), businesses and banks will be able to issue their own branded crypto debit and credit cards to consumers who want them. Holders can use bitcoin purchased through Bakkt with the card, or link to a fiat-based funding source, and receive bitcoin rewards. Bakkt’s stock, which publicly listed on the NYSE on… Source link

Buy now, pay later platform Affirm is about to go toe-to-toe with a standard bearer in the payments space: the good old-fashioned debit card.  The company told investors at an event this week it’s moving closer to a broad rollout of its new debit card, which will allow for installment payments.  “It’s a card that works with your existing checking account. You don’t have to switch your banking relationship. You get the new card from us, swipe it and use it the way you normally would. You get… Source link

Australians will soon be able to spend crypto via existing brick-and-mortar point-of-sales with the issuance of a new physical debit card, the Australian Financial Review reported Wednesday. Global payments giant Visa has approved local Australian startup CryptoSpend to begin issuing debit cards for the startup’s users. Those using the CryptoSpend app can then pay using their bitcoin and other supported crypto at retail stores and hospitality venues. Instead of needing to convert from crypto… Source link

Americans are increasingly taking advantage of the buy-now, pay-later (BNPL) offerings thanks to a growing number of financial technology companies. Splitting payments — as opposed to bulk purchases on credit cards that would accrue interest until being paid — is built on the premise that there is a “shift away from credit to debit,” Nicholas Molnar, co-founder and U.S. CEO of Afterpay, an Australian BNPL startup with more than 11 million customers that operates with 64,000 merchants,… Source link