Payment service provider Klarna takes back fees

Klarna The Swedish payment service provider Klarna is adapting payment methods in favor of consumers. Industry observers believe that Klarna anticipates possible regulation. (Foto: mauritius images / Robert Evans / Alamy) Frankfurt While banks usually constantly increase fees, Klarna is becoming more generous with its conditions. At the beginning of the week, the Swedish fintech announced … Read more

World’s largest credit card issuers suspend business in Russia

Visa and Mastercard credit cards Because of the Russian invasion of Ukraine, the two credit card providers are suspending their business in Russia. (Photo: dpa) Washington Because of the Russian invasion of Ukraine, the world’s two largest credit card providers, Visa and Mastercard, are suspending their business in Russia. Visa will work with customers and … Read more

EU tightens sanctions against Russia’s financial system – but not completely

Demonstration in London Broad wave of solidarity. (Foto: imago images/ZUMA Wire) Düsseldorf, New York, Brussels, Berlin, Frankfurt The EU, US and other Western allies further isolated Russia’s financial system over the weekend. First, they want to freeze the assets of the Russian central bank. On the other hand, the country’s most important credit institutions are to … Read more

British neobank Revolut expands business with its own banking license in Germany

Frankfurt The British neobank Revolut is growing rapidly. She puts the number of her customers at 18 million, around 70 percent of them in the EU and half a million in Germany. The central offer of the finance start-up (Fintech) Revolut is a finance app. But only now is the company known as “Neobank” or … Read more

Commerzbank annoys customers with excessive tax deductions

Commerzbank in Frankfurt Commerzbank is currently working on the cancellation of the bookings. (Photo: dpa) Archyde.com Commerzbank and its online branch Comdirect are causing unrest among customers with incorrect tax deductions on investment income. Due to a technical error, customers would be burdened with excessive tax deductions, the bank admitted on Friday in response to … Read more