Melina Dimoula

🚨 𝙅𝙐𝙎𝙏 𝙄𝙉: Revolut Spain 🇪🇸 announced the integration of Bizum, the popular Spanish peer-to-peer payment service, and reaches 𝟯.𝟱 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 customers 🤯 With this move, it aims to continue increasing its customer base, which has just reached 3.5 million users in the country, according to figures revealed by the company. This year alone, its customer base has grown by 40%. "We are launching Bizum knowing that it is a key service for this market. According to our internal data, nearly 75% of our users consider Bizum to be one of the three essential services when choosing their primary bank," said Ignacio Zunzunegui, Growth Director for Southern Europe at Revolut. With this addition, the UK-based company aims to complement the range of products it already offers in Spain, which recently included the launch of its interest-bearing account. Its ambition is to become "the primary bank account for users in Spain" and establish itself as one of the leading banking entities in the country. Source (Spanish): https://lnkd.in/ddZPvFWi Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ] 

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Innovation: Banking through Vending Machines Revolut's card vending machines at Rome Fiumicino Airport changed the game - 100,000 cards were distributed in one year with digital activation and instant access. If Saudi Banks implemented this innovation, how would it change banking industry? 1️⃣ Strategic Placement: Vending machines located at airports, Hajj terminals, and key locations. Access to the card is immediate. 2️⃣ Operational Excellence: Reducing the number of physical branches, streamlining banking services, and reducing costs. 3️⃣ Data Insights: Utilize real-time customer data to refine products and services and improve decision-making. 4️⃣ Market Leadership: This will provide banks with a competitive edge, reshaping the financial landscape. Banking must become more innovative, efficient, and customer-oriented. Can Saudi Banks lead the way? #innovation #Banking

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🚀 Revolut Opens Tech Hub in Barcelona 🚀 📢 Digital bank Revolut has launched a new tech centre in Barcelona to serve south-west Europe. This 500-square-metre hub will drive innovation and development of financial products, with space for 130 employees and plans to double its workforce by the end of 2025! 📈 Spain is now Revolut’s fifth-largest market by employee count, with a 50% increase since late 2022. The bank has three million users in Spain, marking 70% growth in 2023 and adding half a million customers in early 2024. Globally, Revolut serves 40 million customers. 🔧Álex Codina, director of the new tech centre, noted, “Barcelona is a key technological hub for Revolut, leveraging Spain's renowned tech talent.” The company has launched a relocation campaign to attract software engineers to Spain, Portugal, and Poland, offering relocation support. 🌟Ignacio Zunzunegui, head of growth for Southern Europe, said, “Revolut's growth in Spain reaffirms our investment in innovation to offer the best financial products to our users.” Read the complete news article in ➡ https://lnkd.in/eSq2HuKY #TechHub #JobGrowth #Revolut #Barcelona #Innovation #DigitalBanking #Expansion #TechTalent #Spain #InvestInSpain

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Martina Weimert, CEO of European Payments Initiative (EPI), explains the motivation behind Wero (https://lnkd.in/dYbctu6R), its standout features, and it's roadmap: In an interview with Payments Cards & Mobile, Weimert highlights the following: Wero is a European solution, offering consumers across multiple countries (Belgium, France and Germany for now, followed by the Netherlands and Luxembourg). The ambition of the Wero digital wallet is to offer a European sovereign unified payment solution to address the needs of consumers, professionals and merchants in all European markets. Furthermore, all our shareholders want to bundle their innovation investment in this area of payments so they can create synergies and become more relevant nationally and internationally against global competitors. The roadmap started with Person-to-Person (P2P) payments, launched in 2024 and will follow in 2025 with the launch of 𝗲-𝗰𝗼𝗺𝗺𝗲𝗿𝗰𝗲 𝗮𝗻𝗱 𝗺-𝗰𝗼𝗺𝗺𝗲𝗿𝗰𝗲 𝗽𝗮𝘆𝗺𝗲𝗻𝘁𝘀. Wero conducted a successful proof of concept in Germany in December this year: https://lnkd.in/d882At6N Later in 2026 and 2027, Wero will offer 𝗣𝗼𝗶𝗻𝘁 𝗼𝗳 𝗦𝗮𝗹𝗲𝘀 (PoS) payments as well as subscriptions management and value-added services. Read all about it in this complete interview article: https://lnkd.in/de8CSmRM Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ]

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✈️ Revolutionizing Travel Payments: The Revolut Card Vending Machine at Rome Fiumicino Airport! Have you ever got a payment card instantly from a vending machine? Imagine this: You're at the airport, ready to embark on your next adventure, but you realize you need a new payment card as you're in a country with a different currency. Revolut, in collaboration with Visa, has introduced an innovative solution at Rome Fiumicino Airport. 𝐅𝐢𝐯𝐞 𝐬𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜𝐚𝐥𝐥𝐲 𝐩𝐥𝐚𝐜𝐞𝐝 𝐯𝐞𝐧𝐝𝐢𝐧𝐠 𝐦𝐚𝐜𝐡𝐢𝐧𝐞𝐬 𝐧𝐨𝐰 𝐝𝐢𝐬𝐩𝐞𝐧𝐬𝐞 𝐑𝐞𝐯𝐨𝐥𝐮𝐭 𝐕𝐢𝐬𝐚 𝐝𝐞𝐛𝐢𝐭 𝐜𝐚𝐫𝐝𝐬! Here's how it works: 1. Locate a Vending Machine: Find one of the five machines conveniently located in key areas of the airport. 2. Dispense Your Card: Get your new Revolut Visa debit card instantly. 3. Activate and Link: Use your smartphone to scan the QR code on the card envelope, sign up for a Revolut account, and link your new card. 4. Enjoy Cashback Make your first transaction and enjoy up to 100% cashback on your purchase (up to €10). This is Banking everywhere, for globetrotters! A phygital innovation. I wonder why Revolut chose Rome Fiumicino Airport to test these vending machines. Any thoughts? Thanks to Max R. Karpis for the video source on X I'd love to hear from you: - Have you ever needed a last-minute payment solution while traveling? - Do you think others will copy Revolut? - What other travel-related fintech phygital innovations do you see? Drop your thoughts in the comments below! #payments #Travel #Fintech #cards #efiinsights #banking

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Banco Sabadell pauses Nexi Group deal amid BBVA takeover bid Spain's Banco #Sabadell has put the completion of its €350 million deal to sell its payments business, #Paycomet, to Italian firm #Nexi on hold. This comes as Sabadell becomes the target of a hostile takeover bid from Banco Bilbao Vizcaya Argentaria (#BBVA), according to sources. BBVA's hostile bid for Sabadell is valued at over €12 billion, a move that has led to the postponement of the Nexi deal. BBVA plans to issue 1.126 billion new shares to fund this acquisition, offering a premium of 30% over Sabadell's April 29 closing price. However, with BBVA's shares falling recently, the premium has decreased to about 7%, valuing Sabadell at around €10.16 billion. This strategic pause is significant for several reasons. The delay in completing the Paycomet sale affects the payments sector, where Nexi was poised to strengthen its presence through this acquisition. BBVA’s takeover bid, if successful, could reshape the competitive landscape in European banking, potentially affecting market dynamics and regulatory landscapes. Both Sabadell and BBVA have seen fluctuations in their share prices, influenced by broader market conditions and the specifics of the takeover bid. Sabadell and Nexi's deal is likely to proceed once the outcome of the BBVA takeover bid is clarified, which is expected to take up to eight months. In the meantime, Nexi remains prepared to manage any outcomes of this corporate maneuvering. Paolo Bertoluzzo, CEO of Nexi, stated that they are monitoring the situation following BBVA's takeover offer and are prepared to manage the outcome. Bernardo Mingrone, CFO of Nexi, emphasized that there are standard market provisions that protect the integrity of their deal with Sabadell. The article on Reuters in the first comment. Want to stay up to date with the market? Here my newsletter: - Linkedin: https://t.ly/s541W   - Substack: https://lnkd.in/dzfGJzmW

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Revolut expands B2B offering with POS terminal The launch of Revolut Terminal represents a strategic move for the fintech company as it looks to strengthen its B2B offerings, particularly in the retail and hospitality sectors. With Black Friday and the festive season just around the corner, Revolut is positioning the Terminal as a reliable and efficient payment solution designed to handle the heavy transactional loads businesses expect during the busiest shopping periods of the year. The Revolut Terminal, available for pre-sale at a reduced price of £129 + VAT (down from £169 + VAT), is set to challenge established players in the POS market, including Square, SumUp, and Dojo. It’s part of Revolut’s broader push to cater to larger businesses that require robust, all-in-one payment systems capable of processing high volumes of transactions with minimal downtime. According to Revolut, the Terminal guarantees 99.9% platform uptime, ensuring that businesses can continue to operate smoothly even during peak shopping hours, when many payment systems face the risk of outages. The device is equipped with integrated Wi-Fi and SIM connections, enabling it to function in various environments without relying on fixed network infrastructure. Additionally, the Terminal’s battery is designed to last all day, making it ideal for businesses that require mobility or need to process payments in different locations. James Gibson, General Manager of Revolut Business, noted the significance of this latest launch for the company’s B2B operations: “We’re continuing to see strong momentum in Revolut Business, having surpassed $500 million in annualised revenue and onboarding over 20,000 new business customers per month. Revolut Terminal marks our latest investment in serving the needs of merchants, from small businesses to large enterprises, with a payment solution that seamlessly integrates into their operations.” Revolut Pay integration and business benefits One of the standout features of the Revolut Terminal is its full integration with Revolut Pay, the company’s one-click payment method. Revolut Pay allows customers to pay directly from their Revolut accounts without entering card or bank details, significantly speeding up the checkout process. This functionality can be particularly appealing to businesses looking to reduce payment friction and improve customer satisfaction. Alex Codina, General Manager of Merchant Acquiring at Revolut, described the Terminal as a versatile solution that caters to the needs of businesses across industries: “We’re excited to be offering Revolut Terminal as an all-in-one, powerful POS solution for our business customers. This launch comes as we continue to double down on the hospitality and retail industries, offering them a payment solution that is both reliable and easy to use.” 👉Subscribe for more news https://lnkd.in/d94JgWBU Source Bobsguide #fintech #payments #revolut

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🎉 Exciting Milestone at Revolut Business! 🎉 It’s hard to believe that I’ve been part of the Revolut Business team for over a year and a half now! Time has flown by, and I’m incredibly proud to be working for a company that’s truly revolutionizing the way businesses manage their finances. From global payments and multi-currency accounts to expense management and financial insights, Revolut provides cutting-edge tools that help companies scale quickly and efficiently in today’s fast-paced world. Whether it’s sending payments internationally or managing cash flow across multiple currencies, Revolut empowers businesses to thrive in an increasingly global economy. 🌍💼 As we navigate a world of fluctuating exchange rates, like the ongoing USD/EUR volatility, and the impact of political shifts such as Donald Trump’s influence on US policies, businesses are facing new challenges in financial planning. These market dynamics make it more important than ever to have the right tools and support to manage risk and seize opportunities. At Revolut Business, we are here to help companies stay ahead of the curve, offering flexibility and real-time solutions to adapt to change. Looking forward to what’s next as we continue to build, innovate, and support businesses globally!

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🌍 𝗥𝗲𝘃𝗼𝗹𝘂𝘁 𝗘𝘅𝗽𝗮𝗻𝗱𝘀 𝗖𝗿𝘆𝗽𝘁𝗼 𝗘𝘅𝗰𝗵𝗮𝗻𝗴𝗲 𝘁𝗼 𝟯𝟬 𝗡𝗲𝘄 𝗠𝗮𝗿𝗸𝗲𝘁𝘀 𝗶𝗻 𝗘𝘂𝗿𝗼𝗽𝗲! 🌍 Revolut has broadened its crypto services across the European Economic Area, making it easier for customers to access a diverse range of digital assets. This expansion marks a significant step in Revolut’s mission to democratize crypto access and support experienced traders. This means: 𝗕𝗿𝗼𝗮𝗱𝗲𝗿 𝗿𝗲𝗮𝗰𝗵: Now available in 30 additional EEA markets, including Belgium, Cyprus, and Denmark. 𝗔𝗱𝘃𝗮𝗻𝗰𝗲𝗱 𝘁𝗿𝗮𝗱𝗶𝗻𝗴 𝗳𝗲𝗮𝘁𝘂𝗿𝗲𝘀: Revolut X offers tools like real-time analytics and TradingView dashboards. 𝗘𝗻𝗵𝗮𝗻𝗰𝗲𝗱 𝘀𝗲𝗰𝘂𝗿𝗶𝘁𝘆: 24/7 support and robust risk monitoring ensure a safe trading environment. 𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗽𝗿𝗶𝗰𝗶𝗻𝗴: Zero fees on maker orders and 0.09% for taker orders. #CryptoExpansion #RevolutCrypto #FintechEurope #DigitalCurrency https://lnkd.in/eQRqakrk

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📢Spotlight on Revolut: Led by Senior Data Scientist Federico Spinella, FRM, Revolut is transforming retail finance with its market-dependent solutions tailored to diverse customer needs worldwide. Since its inception in 2015, Revolut has rapidly expanded, serving over 35 million retail customers and 500 thousand businesses across 200+ countries and regions, boasting a valuation of 33 billion USD. Authored by Maximilian Jany, this exploration of Revolut's focus on retail lending, including unsecured personal loans and credit cards, reflects its commitment to providing personalised and affordable credit experiences. With a seamless user interface and flexible offerings, Revolut aims to empower individuals and businesses to achieve their financial goals. At the core of Revolut's success lies its innovative use of artificial intelligence (AI) in credit assessment and risk management. Federico Spinella's leadership in AI-driven solutions enables Revolut to analyze vast data sets, predict creditworthiness accurately, and tailor offerings to individual customer needs, ensuring a customer-centric approach to finance. Learn more 👉🏼https://lnkd.in/diqpzn9h #fintechTour #revolut

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From the traditional Bill of Exchange to the instant account to account credit transfer in Europe. what an exponential jump in 2 decades! I see here a mean to bring closer EU people and EU businesses. #iberpay #santanderespaña

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BANCOMAT S.p.A., Bizum, and MB WAY have launched EuroPA, an interoperability payment method through instant transactions European mobile #payment giants #BANCOMAT (Italy), #Bizum (Spain), and #MBWAY (Portugal) have joined forces to launch #EuroPA, a breakthrough service focusing on cross-border interoperability through instant transactions. This collaboration marks a significant step towards creating a unified European mobile payment network, enabling over 45 million customers across more than 182 financial institutions to make seamless, instant payments between individuals using just their mobile devices and preferred payment apps. The EuroPA initiative highlights the importance of interoperability in the European payments landscape, supporting the Eurosystem's objectives of fostering pan-European instant payments. Initial deployment will start in Italy, Spain, and Portugal, with plans for broader expansion across Europe by 2025. EuroPA is set to streamline cross-border transactions, empowering users to make efficient, compliant, and secure payments across borders while using trusted, regionally established platforms. With this collaborative approach, BANCOMAT, Bizum, and MB WAY aim to deliver a new standard of mobile payments that enhances convenience and trust, making cross-border payments simpler and more accessible for millions of users. The article on The Paypers in the first comment.

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🚨 𝗡𝗲𝘄𝘀 𝗙𝗹𝗮𝘀𝗵: Checkout.com has officially announced the integration of Bizum as a payment method in Spain 🇪🇸 This partnership aims to provide merchants with one of the most popular payment options in the country. Bizum, a Spanish payment solution created by local banks, initially gained traction by enabling instant peer-to-peer (P2P) transfers. Since late 2019, Bizum has expanded to support payments in online stores, allowing users to make instant payments without needing credit or debit cards. With its speed, security, and efficiency, Bizum has become a favorite payment option for many Spaniards, especially younger users. Currently, it boasts over 28 million users and is accepted by more than 68,000 merchants. These numbers are expected to grow as e-commerce continues to thrive in Spain. Source/more info (in Spanish): https://lnkd.in/dqTRdxvX Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ] 

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Revolut, the UK-based neobank, is set to enter the Mexican market in Q1 2025 after receiving approval from the Comisión Nacional Bancaria y de Valores (CNBV). With over 50 million customers worldwide, Revolut plans to compete with established digital platforms like Nubank and Stori by offering innovative features such as unlimited deposit debit accounts and free international transfers. With over 100,000 people already pre-registered, Revolut is poised to be a strong contender in Mexico’s rapidly evolving fintech space. This story was initially published in this week’s issue of Global Fintech Insider. To read the other (hopefully) insightful fintech stories I've covered in it, click the link in the comments.

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💥 Revolut has UK banking license... with restrictions What does it mean? 🤔 Last Thursday Revolut issued a press release, that it has secured UK Banking license with restrictions and many FinTech advocates translate it as: "They have a license and they are starting as a bank in UK". Revolut received Authorization with restrictions. It means, that it's still has to operate with deposit restrictions while it completes the final aspects of Revolut's set up before starting to trade fully. Let's explain it to be more clear (some of the most important steps to proceed): ⚡️Sources of funding - secure funds if needed ⚡️Corporate governance Structure Board Senior Management - ensure all members of Senior Management are in place, Chair is not an executive, etc. ⚡️Risk management framework and control structures have to be fully developed ⚡️IT infrastructure and systems have to be fully ready ⚡️Policies and procedures that are not necessary for Authorization with restrictions to be ready, have to be fully developed Great description of the Authorization process can be found here: https://lnkd.in/ejjmsWvK #fintech #banking #innovation

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Fintech News 🚨: Nexi Group secures €220m financing from the European Investment Bank European PayTech Nexi Group has secured €220 million in financing from the European Investment Bank (EIB) to support its innovation in the digital payments sector. Nexi will use the EIB funds to develop and manage projects aimed at modernising digital payments in Europe. The funds will also finance specific initiatives that leverage the expertise of Nexi Digital, a European technological innovation hub created in collaboration with Reply. The identified projects are fully aligned with Nexi Group’s environmental, social, and governance (ESG) objectives, which have already been communicated to the market. These include promoting digital payment innovation across Europe, creating jobs for young people and disadvantaged areas, and enhancing environmental sustainability by optimising data centres and developing cloud-based activities. This is the first EIB loan granted to a publicly listed company in the digital payments sector, underscoring Nexi’s commitment to advancing the digital and technological transition. With its portfolio of innovative products, eCommerce expertise and industry-specific solutions, Nexi provides flexible support for the digital economy and the entire payment ecosystem globally across a broad range of different payment channels and methods. EIB Vice-President Gelsomina Vigliotti said, “This operation represents a major step forward in the development of Europe-wide digital payment solutions, helping to reduce the use of cash and prevent fraud and tax evasion. This operation highlights the EIB’s commitment to promoting digitalisation and innovation in businesses and public sector organisations, which are key elements of the National Recovery and Resilience Plan.” Nexi Group CFO Bernardo Mingrone added, “We are proud that the European Investment Bank has recognised our ongoing commitment to the development of innovative products and services promoting digital payment reliability and security, two key requirements for rolling out these services in the European countries where we operate. This agreement is further confirmation that even major players like the EIB recognise Nexi’s vital role in developing and supporting digitalisation in Europe.” 👉 Subscribe for more insights https://lnkd.in/d94JgWBU Source IBS Intelligence #fintech #payments #investments

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The launch of the first international instant transfers under the European Payments Council (EPC)'s One-Leg Out (OCT Inst) scheme represents a significant strategic milestone for the European payments landscape. This achievement underscores Iberpay's position as one of the most advanced payment systems in Europe, demonstrating our commitment to substantially enhancing the efficiency of international payments #worldwide. This includes improvements in processing speed, 24x7 availability, transparency of information, accessibility, and cost reduction. By providing the #first infrastructure in Europe capable of processing international instant transfers between different currencies, enables our participating #banks to deliver highly innovative services, enriching customer experiences and strengthening their competitiveness in the global industry. of payments.

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CaixaBank Pioneers Apple Pay Instalment Payments in Continental Europe ! In a groundbreaking move for the European #fintech landscape, CaixaBank has become the first financial institution in continental Europe to offer buy now, pay later (#BNPL) services integrated with #ApplePay. This innovative feature allows customers to spread the cost of purchases over multiple months, directly at the point of sale. Key Highlights: • CaixaBank customers with iOS 18 and iPadOS18 can choose between full payment or instalments when using Apple Pay online, in-app, or on Apple Watch. • The bank has 4.4 million customers with cards linked to mobile devices, handling over 800 million transactions in the last 12 months. • In the first half of 2024, more than 30% of in-person purchases made with CaixaBank cards in Spain were via mobile phones. • CaixaBank joins a select group of global financial institutions offering this service, following #Monzo in the UK, #Klarna in the US and UK, and #Affirm in the US. 💡 This development comes after Apple's decision to discontinue its own BNPL service, focusing instead on partnerships with third-party providers for instalment loans. Other major banks, including #ANZ, #HSBC UK, #Citi Synchrony, and issuers with Fiserv, are reportedly preparing to launch similar services soon. 🤔 What impact do you think this move by #CaixaBank will have on consumer spending habits and the adoption of digital payment solutions in Europe? source ---> https://lnkd.in/dd5Trcrc

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