What if you could pay people via email? While it has become commonplace for social platforms to offer one-step payment services, in 2013, Square Cash was an innovative solution that did away with the intermediaries. Users only had to connect a debit card and then they could pay people with an email address. It launched Android and iOS apps which simplified the process even further, and added mobile number functionality a year later. In 2015, Square made Cash available for businesses in the Un...| Business of Apps
NuBank is the largest neobank in the world, with over 90 million customers in Brazil, Mexico and Colombia. Built as an alternative bank without the extortionate fees Brazilian’s regularly faced, NuBank quickly drew a large community of unbanked customers. Co-founder David Vélez had worked as a partner at Sequoia Capital and co-founder Cristina Junqueira was previously employed by the largest bank in Brazil. In the first few years, NuBank struggled to meet the demand, with a waiting list of...| Business of Apps
The financial sector has not been adverse to technology, however the monumental push by startups in the mid-2010s to disrupt financial sectors, spurred on by governments slackening regulations, forced established players to modernise its services to meet the demands of a new generation of customers. Everything from banking to investment to insurance has been modernised, utilising the power of the internet and mobile to improve speeds, reduce costs and improve customer service. In 2009, fintec...| Business of Apps