Articles on this topic: fintech

Revolut has finally activated itself, and now the domestic savings account is also available for its customers in Hungary, so you can top up your card balance with a domestic HUF transfer. However, there are downsides to this, we will clarify this in the article below.

Revolut was also not spared by the coronavirus, as a result of which many of its services are significantly more expensive. The fintech company, which is also very popular here, informed its customers by e-mail about what they can expect in the near future.

After Apple's bank card, Samsung also comes up with its own solution, this summer they will launch their service called Samsung Money by Sofi. It will initially be available only in the United States, but it is expected to be available in several countries later.

In the past few weeks, the forint has strengthened significantly against the dollar. This is good news for everyone, as orders from abroad have become significantly cheaper. I will illustrate how significant the change is with the example of some products.

In the current situation - the coronavirus epidemic and the severe economic crisis - we took fintech companies out again and looked at the situation. Is there still free money, in which cases can their special services come in handy - for example, currency exchange in a falling market, what about summer vacations, how to send money to relatives stuck abroad, etc. - and what will happen to credit card refunds if the banks will not offer credit card services.

Yesterday, we received a letter from the Transfergo fintech company that they also want to support the #maradjotthon campaign - which can also be seen in English under the hashtag #stayhome -, so they will waive the delivery fee for the next money transfer. Of course, the usual £10 bonus is still alive if you send at least £50 to a loved one, so the two things can now be easily linked.

Anyone who is a member of our fintech group must have come across the name Recash, because the start-up Hungarian fintech company contacted us to help beta test the app. During the two-week test period, there was a lot of feedback from the group members, and Recash rewarded the efforts with monetary rewards, gift certificates and a wellness weekend. Now they have launched another exclusive campaign for us: the first 1000 registrants can collect HUF 2000 cash rewards.

The MNB supports fintech companies, as long as they guarantee financial stability and customer safety, according to the MNB's latest statement. Due to the large number of complaints, the central bank intends to take action against electronic financial institutions if necessary.

The UK has left the EU, forcing many fintech companies to outsource their financial services. Revolut already has a plan, they will continue to operate in the European Union from three countries.

After several reports from the public about Curve's quirks, Business Insider set out to find out why customers are getting a business card instead of a residential one without asking. Who is this good for and why, and who does the fintech company cause enormous damage to?