TFT’s weekly solution of product news and offers 10/02

Welcome to Fintech Fridays! Fintech Times new weekly roundup serves up something for the weekend – a shopping list with the latest offers, product launches and service updates.

Plum is expanding its investment offer

The smart money app Plum has expanded its investment offer to 3,000 US stocks.

The addition of 2,000 new shares gives customers the opportunity to buy fractional stakes in companies such as Sony Group, Airbnb, Duolingo and Credit Suisse from £1. Customers across the UK and EU have access to the new shares.

Plum launched share investing on its app last year, following the success of its automated passive investment feature for mutual funds. The company also intends to add watchlists and price alerts for stocks in the coming months.

Later in the year, Plum is also looking at adding news functionality to its investment products and offering ETFs for customers in the EU.

Vaultavo card unveiled

Fintech startup Vaultavo has developed a patent-pending crypto custody solution that combines a biometric digital asset custody smart card with proprietary vaults and secure SaaS digital platform and access portals.

The integrated hardware and software solution protects digital assets by creating and managing the private blockchain key on the Vaultavo card.

The Vaultavo card can be used standalone, or as part of the Vaultavo Custody Solution.

Klarpay AG is expanding its global payment options

Klarpay AG expands its international payment offer with the launch of 13 new IBAN accounts.

This enables digital companies to collect and disburse payments in AED, AUD, CAD, DKK, HKD, HUF, JPY, MXN, NOK, PLN, SEK, TRY and ZAR globally through their Klarpay account.

It follows the addition of USD and GBP accounts in 2022.

Crypto tax dashboard offers from summary

Service for calculating crypto tax summary has released the Recap Dashboard, which gives UK investors a single view of their crypto portfolio.

The Recap Dashboard gives users an overview of all their assets, transactions and tax estimates in one place.

It also includes automated portfolio tracking and HMRC compliant tax export.

Revolut launches crypto staking

Revolut, the global financial super app, has introduced a new crypto feature, Staking.

The new feature unlocks additional benefits for customers investing in crypto with Revolut with the ability to earn rewards for specific tokens such as Ethereum, Cardano, Polkadot and Tezos.

The rewards are awarded in the original token. Customers can either stake their existing crypto balances for these tokens or purchase and then stake their balance on one or more of the four tokens.

Rewards are based on the balance they wagered. The payout, treadle rate and minimum time to stake varies by token with customers earning up to 11.65 percent APY. Bets are available in the UK and selected EEA markets.

Uome introduces new point of sale traits

Uome has launched an Application Point of Sale (aPOS) system via its Plaid integration. It enables Uome users to take personal payments directly from their customers and clients.

Customers scan a QR code on the business owner’s phone to accept payment via Uome’s open banking solution. This settles the funds directly into the company’s bank account, immediately after the customer has confirmed the payment.

To celebrate the launch, Uome is waiving all aPOS fees for the first 500 businesses that subscribe to its £9.99 per month plan. For new subscribers, aPOS transaction fees will also be waived for one full year.

AMEX and Microsoft’s expense management solution

American Express has expanded cooperation with Microsoft to develop a suite of solutions built on Microsoft Cloud and AI technologies that focus on reducing “friction for business travel”.

The first solution developed through this collaboration is a cost management process. It simplifies and automates manual expense reporting and approvals, improving audit efficiency. It also streamlines reconciliation and reimbursements for accounting teams.

Microsoft will pilot the solution with its employees, by integrating it into the company’s internal expense system later this year.

eCredits launches eVault rewards feature

eCredits, a decentralized, blockchain-based ecosystem, introduces a new reward feature. It enables users to earn rewards for pledging their eCredits (ECS) on the network for a fixed period of one year.

eVault is designed to support the development of eCredits by ensuring that transactions on the network are verified and secured in a decentralized manner by network participants.

The feature also allows users to lock their ECS for a period of one year, as well as receive a reward of two, three or even six percent of their transferred assets, depending on a subscription membership, via a secure smart contract.

Sarwa introduces Sarwa Save

UAE investment platform and app Sarwa has launched its new product Sarwa Save.

Sarwa Save is a cash account offering a three percent interest rate, zero transfer fee for AED local accounts. There are also no administration fees.

Sarwa Save is available to new and existing customers through the Sarwa website and mobile app.

Standard Chartered and Allinpay offer cross-border payments

Standard Chartered Bank and Singapore’s Allinpay has enabled PayNow instant cross-border payments for merchants and businesses in Hong Kong using QR codes.

Participating merchants in Hong Kong can accept Singapore PayNow payments without infrastructure or operational costs.

Furthermore, Singaporeans will not have to face exchange rates or cross-border fees.

This solution is made possible with Standard Chartered’s proprietary solutions. These include its omnichannel gateway Straight2Bank Pay and API-based FX pricing engine SCALE.

Visa supports small businesses with new offers

Visa has launched new offers aimed at helping small and micro businesses accept digital payments.

With Visa SavingsEdge, eligible Visa Small Business cardholders can unlock automatic savings and discounts on business-related services and goods through their card issuer, as well as offers from Bench Accounting and Yahoo.

Visa is also offering a special two-day promotion to help businesses reduce the costs associated with getting online and accepting digital payments.

This weekend, Authorize.net, Visa’s digital payment management platform for small businesses will waive its monthly gateway fee for the life of the account. The offer is only for US customers.

This article is for informational purposes only. We do not recommend any included products or offers.