Tech & Tonic: Monzo helps gamblers; Paypal earns its Stripes

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Hey. If you're tired of reading about the royal wedding, don't worry, that's the last mention of it. Pour yourself a drink, wrap yourself in the union flag and read about what's been happening in the world of fintech this week instead. 

Paypal buying payment startup iZettle

Paypal has confirmed that it is buying iZettle, the Stockholm-based payments provider for $2.2 billion (approximately £1.6 billion), according to TechCrunch. Much of the exec team will stay on to run the business, including co-founder and CEO Jacob de Greer who will report to Paypal’s CEO Bill Ready. Will the deal earn Paypal stripes against major competitor Stripe? Watch this space.

Good move for Monzo

Challenger bank Monzo will allow customers to block their own gambling transactions from within the app. Supporting self-exclusion, where addicts opt to get support for addictions first by notifying companies they use, Monzo will also direct users towards external support when needed. More information is here.

Santander launching digital bank

The big boys are catching up. Santander is to launch a stand-alone digital bank in the UK, according to Iain Withers at The Telegraph. The ‘flanker brand’ will be focused on small companies and will offer a range of services beyond traditional lending, including payrolls and pensions.

Is banking having a Brewdog moment?

Banking is a sector as old as the beer trade and now it is having its Brewdog moment, says Howard Pull for Campaign magazine. More choice, a true purpose and smart partnerships are just some of the changes coming to the sector, all of which is led by challenger brands. 

Did we miss anything? Holler at us on Twitter over at @foco_global