SoFi Gets Green Light on US Banking Charter License

Social Finance, popularly known as SoFi, has received preliminary conditional approval from the US Office of the Comptroller of the Currency (OCC) on its application for a national bank charter. With this ap...

Stripe Enables Cross-Border Payments for US-Based Clients

Major payment processing platform, Stripe has enabled cross-border payout services for its United States-based customers, the company announced on Wednesday. The feature is still in beta and will allow Strip...

Revolut Applies for Charter Banking License in the US

British financial technology startup, Revolut plans to apply for a banking license in the United States in a matter of weeks, CNBC reported. The fintech unicorn, launched in 2015, is applying for a bank char...

SoFi Applies for a US National Banking Charter

SoFi, an online student lender, has filed for a national bank charter with the Office of the Comptroller of the Currency, taking a step towards becoming a bank, Business Insider reported on Thursday. If appr...

Skrill Launches Zero-Fee Money Transfer Service to US

Digital wallet and mobile payments operator Skrill, part of Paysafe Group, is beginning to roll out its free Money Transfer service in the United States. The service is now being offered to existing and new ...

JPMorgan Suggests For The US To Develop Digital Currency

JPMorgan suggests for the US to develop digital currency. The firm, who has launched its own coins, has suggested that the US should invest in developing a digital dollar to maintain its place in the global e...

Stripe Brings Card Issuing Feature in the US

Payments infrastructure company Stripe has added card issuing services directly to businesses in its offerings for its United States-based clients. Announced on Thursday, the payments company will also direc...

Square Drops Plans for US Banking License

Square Inc., a payments company, founded and run by Twitter CEO Jack Dorsey, is reportedly withdrawing its application for a bank license. The banking license was part of the firm’s push to grow into a financ...