A unit of HSBC Holdings snapped up credit-card issuer Metris on Thursday for $1.59 billion cash, taking one more standalone credit-card issuer off the market.
Going back to the microcredit example, standalone, monoline credit businesses were possible because local and often subsidized global, wholesale markets developed in parallel to refinance microcredit loan portfolios.
They don't hold up as standalone quotes worth mention.
Curve is a fintech company which, through its app, links all existing debit and credit cards to a standalone contactless card provided by the company itself.
"The impact on standalone card providers [as opposed to the credit card arms of the banks] could be more pressing as they don't have the luxury of subsidising the revenue reduction by cross-selling a range of other profitable banking products," Mr Hagger says.
Its mobile applications for iPhone and iPad can work as standalone order processing/business management apps, but the credit card processing portion only works in the U.S. and Canada.
Zozi, to its credit, well understood the challenges in developing a standalone consumer-facing brand, which is why it also developed another side to its business: Zozi Advance, an online bookings and payments platform.
Sendly is a standalone app that lets almost anyone in the world send credit to their friends or loved ones that can be used to top up prepaid phones.
Zozi, to its credit, well understood the challenges in developing a standalone consumer-facing brand, which is why it also developed another side to its business: Zozi Advance, an online bookings and payments platform.
They also point out that Mertado is a standalone retailer, not just a deal aggregator, which means that Mertado handles credit card transactions, customer service, and returns themselves.
