July 11, 2019

N26 GmbH, the startup challenger bank based in Germany, launched its N26 Inc. mobile banking service in the U.S., under a partnership with Axos Bank and Visa. 

The mobile banking app, which has a waitlist of 100,000 customers in the U.S., includes a no-fee checking account that is FDIC insured and a Visa debit card. 

"The U.S. launch is a major milestone for N26 to change banking globally and reach more than 50 million customers in the coming years," Valentin Stalf, co-founder and CEO, said in a company release. "We know that millions of people around the world and particularly in the U.S. are still paying hidden and exorbitant fees and are frustrated by poor banking experiences."

The service is currently in beta and waitlisted customers are being sent invitations to sign up for the full service. N26 plans to offer additional account features, including two free ATM withdrawals per month and a later premium tier account called Metal. 

All accounts will have a feature called Spaces, which is a sub-tier account designed to help customers organize their finances and achieve longer term financial goals. 

After launching in 2015, the bank has 3.5 million customers in 24 European markets. In May, BaFin, the German financial regulator, ordered the bank to take additional steps to tighten up its internal protocols to comply with money laundering regulations. 

The bank issued an update in April regarding steps it was taking to verify identity and to tighten other protocols. 

Topics: Card Brands, Mobile Apps, Mobile Banking, Region: Americas, Region: EMEA, Regulatory Issues

Companies: N26 Inc.

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July 11, 2019

Domino's will test Tap & Take cashless stores at five Australian locations

Domino's Pizza Enterprises Ltd., said it will launch a cashless Tap-and-Take trial for in-store purchases and deliveries at five locations in Australia, a move that the company says will increase convenience for customers and safety for employees. 

"The Domino's ethos has always been about increasing convenience for our customers - even being the first pizza company in Australia to offer home delivery all those years ago," Nick Knight, CEO of Domino's Australia and New Zealand, said in a company release. "Our Tap & Take stores will enable our customers to get piping hot meals faster than ever, reducing in-store queues and wait times."

As part of the trial, neither the drivers or the stores will keep cash on hand, he said. 

The trial will take place in Domino's Newtown, Coff's Harbour and Wauchope in New South Wales and Calamvale and Surfers Paradise South in Queensland. 

Customers can pay with credit, debit, EFT/POS and mobile/Apple Watch in stores and credit, debit, EFT/POS to door, PayPal, Instagift, Apple Pay, Android Pay for online orders. 

The company is the largest franchisee of Domino's Pizza, with 2,450 stores in nine countries. The company said it is the largest pizza chain in Australia. 

Photo courtesy of Domino's PIzza Enterprises

Topics: In-App Payments, Mobile/Digital Wallet, Mobile Payments, Region: APAC, Restaurants

Companies: Google, Apple, Domino's

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July 11, 2019

Mastercard and Zoho announced an expansion of their existing partnership to provide additional products and services to small businesses. 

The companies launched a program in October 2018 in India, providing bundled payments and ERP services for SMEs. 

The expanded partnership will now provide marketing, accounting and CRM services in additional international markets. 

"When Mastercard and Zoho come together, we're able to pair our smart solutions and scale to fundamentally address some of the challenges that small businesses face everyday," Zahir Khoja, executive vice president, global acceptance at Mastercard, said in a company release. 

Topics: Card Brands, Mobile Apps, Region: APAC

Companies: MasterCard

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