Your Daily FinTech Podcast - June 2nd, 2022

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Welcome to another episode of our Daily Fintech Podcast.

This podcast episode is sponsored by MoneyLion. MoneyLion provides an all-in-one mobile banking experience. You choose the tools you need when you need them — and they complement the financial accounts you already have. They’ll help you decide what’s right for you, but the choice is always yours.

THE NEWS HIGHLIGHT OF THE DAY IS

The number of transactions using Chivo Wallet, the digital Bitcoin wallet of the government of El Salvador, has fallen by 75% since its peak when authorities granted a $30 subsidy to users to incentivize the download of the technology.

JUST IN:

Affirm is making its buy now, pay later technology available to businesses that use Stripe’s payments tech. This means that a whole slew of companies that were not previously able to offer their customers the option to pay in installments, now can.

ALSO:

Inter (BIDI11) has just reached the 20 million client mark, a few weeks before migrating its shares to the US technology exchange Nasdaq.

WHAT ARE THE LATEST INSIGHTS?

Gallup finds 58% of Americans reporting that they own stock, based on its April Economy and Personal Finance survey.

LET’S HEAR ALL ABOUT MERGERS AND ACQUISITIONS:

Trustly has acquired UK open banking vendor Ecospend. The acquisition gives Trustly a foothold in the UK market and a marquee client in Her Majesty's Revenue and Customs, for whom Ecospend has enabled open banking payments.

AS FOR PARTNERSHIPS

Mollie is partnering with open banking and payments specialist Plaid to improve customer experiences across their financial services, including onboarding and payments.

Banktivity by IGG Software, a US-based PFM app, teamed up with Salt Edge, a leader in offering open banking solutions, to enable its customers in the UK and EU to connect their bank accounts and have all their financial data pulled into the app instantly and fully digitally.

Tranch, the B2B buy now, pay later provider that emerged from stealth just last week, has signed its first major technology partnership. The London-based fintech has chosen Yobota to provide its core banking infrastructure as Tranch develops its flexible payments service.