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Daily Review: PayPal Moves to Bank the Unbanked

With an increased competition in its core competence industry, PayPal, as any other ‘big FinTech’ representative, has to find ways to reinvent itself. Throughout its history, the company has made over a dozen on acquisitions to deepen its roots in businesses’ and individuals’ lives, improve its talent pool, and increase footprint and reach.

The time has come for the company to make a move into traditional banking with a FinTech twist – focusing on the unbanked. In this sphere, PayPal will find a different kind of competition, since neo-banking is not lacking in interest and investments. In fact, MEDICI’s March 2018 FinTech Funding data ...

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