Do You Use Pay Pal, Apple Pay Or Other Fintechs- - -

Ally6770
  |     |   4,324 posts since 2010

Below this article is a link to the Fintechs for the US. You can change the country. The list I chose at the top is the US and the list was for 2024. It would not turn blue so copy and paste it.

JPMorgan told financial-technology companies that it will start charging fees amounting to hundreds of millions of dollars for access to customer bank account information. It’s a tectonic move by the Wall Street giant that promises to upend the industry’s business model.

Data aggregators, those middlemen that connect banks (like Chase) to fintechs (like PayPal) just received a pricing menu. The fees vary depending on how companies use the information, with higher levies tied to payments-focused companies. In some cases, the proposed fees could eclipse the revenue certain companies generate on a single transaction by as much as 1,000%.

Such charges would drastically reshape the business for fintech firms, which rely on access to customer bank accounts. Payment platforms like PayPal’s Venmo, cryptocurrency wallets such as Coinbase Global and retail-trading brokerages like Robinhood Markets all use this data so customers can send, receive and trade money. Typically, they have been able to get it for free. But soon, that likely won’t be the case—which probably means you’ll have to pay. —David E. Rovella

https://courses.cfte.education/ranking-of-largest-fintech-companies/



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