Green Dot is splitting into two businesses: Smith Ventures will acquire the embedded finance unit known for powering Uber's checking account, while CommerceOne acquires the bank. Here's why the separation unlocks growth.
Germany extends its payment card program from refugees to unemployed citizens without bank accounts. Fourteen states use SocialCard while two chose alternatives, streamlining welfare distribution and reducing administrative burden.
Vertical fintech Bueno launches Visa cards for foreign property owners in Spain through partnership with Sefide EMI, the Loomis-owned infrastructure provider.
Allegro partners with PKO Bank Polski to launch embedded merchant lending and account-to-account payments, targeting 1 million new bank customers and PLN 1.5 billion in loans.
SNCF Connect & Tech launches Tesmo Business Mobility, an expense management platform with embedded cards powered by French BaaS provider Swan, targeting SME travel spending.
Viber Pay switches from Rapyd to Paynetics for embedded finance infrastructure across seven European markets, bringing Visa virtual cards to 1 million+ users.
