News Article

Making Headlines - April edition

As the trusted and proven PayTech Pioneer™ uniquely focused on supporting the growth journeys of our customers, nothing gets us more excited than when we see our customers and partners dominating the news agenda. 

Each month we bring you the only news round-up for fintech, payments and banking that you need - our Making Headlines update. Stay ahead and hear the highlights from Global Processing Services, our customers, and partners.     

Our headlines📢  
🤝 In March we proudly announced a new strategic partnership with Mastercard to power ‘Next Generation Payments’ technology to global fintechs.  
This deepens a decade long partnership between the two businesses. Together, GPS and Mastercard have worked together to launch and scale hundreds of card programmes globally for some of the most successful and innovative fintechs in the world including Revolut, Starling Bank and Curve, among many others across Europe and APAC. Read more here.
  

Where we are this month  👀
👋 We’ll be at EBADay in Vienna on May 30 to 01 June. Come and visit us on the GPS stand. Register here.
 

Growth 🚀 
🦄🦄 GPS customer Zilch are continuing their phenomenal journey and now have a huge two million customers. This London-based fintech was valued at $2 billion in November 2021, 14 months after its Series A, making it a double unicorn and the fastest-growing European unicorn ever.  

 🌍 Mambu, the Berlin fintech who service more than 200 customers with over 53 million end users, has a new customer, Cake - a Vietnamese challenger bank who’ve picked Mambu as it’s digital banking services provider. Cake is a collaboration between VP Bank and ride-hailing app developers Be Group.  

 🚀 Revolut, with more than 18 million customers globally and 29 banks across Europe, are on a fantastic growth journey and have now launched as a bank in Ireland.  

Accolades 🏆 
🎉 Congratulations to GPS partner and leading payments platform Modulr who made the list for the Financial Times’ Europe’s fastest growing companies!  See the full list here.  

🏆 Congrats Starling Bank! They’ve been awarded not one, but two accolades at the Moneyfacts Consumer Awards 2022. They scooped Banking App of the Year and Current Account Provider of the Year. Well deserved! 

Expansion 🌍 
📲 Long-standing GPS customer Curve has launched in the US. The UK headquartered app which is live in 31 countries, combines debit, credit, and loyalty cards into one, helping to make life easier.  

📱 GPS customer and spend management platform, Soldo, has enabled Google Pay for customers in Italy and the UK, so customers will be able to add their physical and virtual cards into the Google Pay wallets on Android smartphones.  
 

Solutions ✅ 

⏰ Our partner CurrencyCloud has launched Weekend FX, a tool that enables customers to offer competitive FX rates 24 hours a day, every day of the week, even after the markets close on a Friday evening. They explain: “This new solution means that Currencycloud clients can offer customers a competitive fixed FX rate after the markets close on a Friday evening, and this rate will be what clients and their customers settle at on Monday morning when the market opens again”. 

Innovation 💡 
🎨 Visa has launched an NFT (non-fungible token) programme to help digital-first artists who want to grow their business. This one-year Visa Creator programme looks to help artists who want to incorporate NFTs into their business model. If selected, the artists will get assistance from Visa experts, and access to industry thought leaders among other benefits.