PaymentExpert

1 month ago | paymentexpert.com | Kieran O'Connor

While neobanks have been a welcome addition to the payments space, they’re also emerging as hubs for payment risk. Challenger banks have experienced significant growth in recent years. Revolut, for example, totalled over 52.5 million customers by the end of 2024, an increase from 38 million the year prior. In addition to customers attracted to payment products not available from traditional institutions, a big reason for this growth is how easy it is to open an account.

1 month ago | paymentexpert.com | Rachael Kennedy

Open the app, glance at your phone, and your payment’s already done. That’s not magic — it’s BBVA’s new app. BBVA has launched a new version of its mobile app in Spain. The focus is speed, simplicity, and automation. Payments can now be made instantly, with no need to search for cards or contacts. The app, launched on May 20, opens straight to key features. Customers can send money with Bizum, check their card details, or make payments immediately. Biometric login replaces passwords.

1 month ago | paymentexpert.com | Rachael Kennedy

JPMorgan Chase, the largest bank in the United States by assets, will now allow its clients to buy Bitcoin, according to remarks made by its CEO. The announcement was reportedly made during the firm’s annual investor day on May 19, where Jamie Dimon confirmed that the bank would permit clients to purchase Bitcoin, despite reiterating his long-standing personal skepticism toward the digital asset. “I don’t think you should smoke, but I defend your right to smoke.

1 month ago | paymentexpert.com | Rachael Kennedy

“Revolut is doubling down in Europe”. That was how Revolut’s chief marketing officer announced the organisation’s expansion in Europe. In the same post, Antoine Le Nel said Revolut had chosen Paris as the location for it’s Western Europe headquarters, a strategic move to enhance its presence in one of the company’s fastest-growing markets.

Mar 3, 2025 | paymentexpert.com | Kieran O'Connor

JP Morgan Chase has joined a $10m investment in FairPlay as demand for the company’s AI safety solutions continues to grow. FairPlay, the world’s first Fairness-as-a-Service company, helps organisations using AI tools to make high-stakes decisions about consumers’ lives by identifying and correcting blind spots in their decision-making systems. Financial institutions have been early adopters of AI, primarily using the technology to enhance customer experiences and prevent fraud.