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FinTech Global
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- 1
New analysis reported by FinTech Global suggests banks worldwide could lose around $230 billion in payments revenue as stablecoin adoption grows. The finding points to stablecoins increasingly handling cross-border and everyday payments that banks traditionally monetise through fees and foreign exchange margins. The story is being shared among banking and fintech watchers assessing how quickly digital dollar tokens could erode traditional payment income.
- 2Argentina approves Revolut's purchase of Banco Cetelem●Argentina clears Revolut to buy Banco Cetelem
Argentine regulators have approved Revolut's acquisition of Banco Cetelem, clearing the way for the British fintech to take over the consumer bank. The deal marks a significant step in Revolut's expansion into Latin America, giving it a local banking licence and established customer base in Argentina, one of the region's largest financial markets.