Novi 1
- FB's digital wallet for its digital currency Libra
- Send money as easily as sending 'hello' to another person
- No charges or fees: what you see is what you get
- Buy Libra in local currency and transact locally and globally in Libra
- Seamless cross-border, no exchange rates, no conversion
- Product announced, no launch date set yet
Zelf 2 3
- Minimalist bank and Novi's European challenger
- Works via third party instant messaging, offline via ewallets
- Provides virtual account and virtual card
- Open account in seconds, send and receive money in seconds
- No KYC needed until EUR 150 balance is reached
- Founded by ex Deutsche Bank (DE), Barclays (UK), BNP Paribas (FR)
Bonus: EPI 4 5
- European Payment Initiative (EPI) is EU's alt to Visa & Mastercard
- Envisaged as a unified European electronic payment system
- To support EU single market & defrag of incompatible systems
- Features cards and digital wallets, but no new digital currency
- Sixteen founding banks including BBVA, ING, Société Générale
Other News
- Google to consolidate payment systems under Google Card
- FB introduces whatsapp payment, available at limited locations
- Natwest's Mettle for small businesses: free accounts, bookkeeping
- Memo is a bank for SMEs, offers friendly bankers
- Greece mandates residents use epayments for 30% of spending