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Dear Subscriber,

The first week of December brought with it a wave of good news for digital banks. Three new challengers around the world received their banking licences or secured significant funding and a smartphone-only bank has expanded to six new European countries. Barclays is trying to stay ahead of these rising digital banks by launching its own digital initiative, the Barclays Launchpad.

Elsewhere, we seem to be moving on from wearables already and looking to bio-wearables such as electronic tattoos, which can have payment capabilities. Finally, Blackberry has launched its BBM mobile payments service in its two biggest markets, Nigeria and South Africa.

Here Daniel Abrahams, CEO and co-founder of CurrencyTransfer.com, discusses why his marketplace has the big banks worried and what’s next for the money transfer market.

Blackberry is trying to stay relevant in a rapidly evolving smartphone industry by releasing a mobile payments service in two of its biggest markets, Nigeria and South Africa.

At a time when former Barclays CEO, Anthony Jenkins, said traditional financial institutions are having their “Uber moment”, the challenger banks who have forced this ‘moment’ are continuing to go from strength to strength.The most recent example is Number26, a German smartphone-only bank that has expanded to six new European countries.

Despite 2015 failing to be the year of wearables, the FinTech industry is already on the look out for the next big thing in making payments more convenient.

Barclays is inviting select customers and developers to download the Barclays Launchpad from App stores, which will allow users to trial new mobile banking features and give their feedback to Barclays.