According to CNN Money, global teen pop icon Justin Bieber has launched a new prepaid debit card aimed at teenagers named ‘SpendSmart’.
The card issuer SpendSmart Payments signed Bieber to an USD3.75m endorsement last year. His vast social media empire stands at over 30 million Twitter followers and over 52 million on Facebook.
However, the card does come with a long line of fees. These include, USD1.50 for ATM withdrawals, USD3.95 a month, USD0.50 for balance checking at ATMs. Moreover, the card which is operated by SmartCredit.com charges between USD0.75 and USD2.95 for topping up and USD3 if the card is not used for three months.
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.
Payments for digital and physical goods made mobile operating system-based payments platforms like Apple Pay and Android Pay are expected to boom in the next few years according to new analysis from Juniper.