Fintech Insider Podcast by 11:FS

955. News: Revolut vs Amex, Stitch's big fundraise, and BNPL hits Coachella

27 snips
Apr 21, 2025
Guest
Veronica Glab
Guest
Kiaan Pillay
Guest
Sam Maule
In this discussion, fintech experts Sam Maule, Head of Business Development at Moov; Kiaan Pillay, CEO of Stitch Money; and independent consultant Veronica Glab, dive into exciting developments. They unpack Revolut's upcoming points-based credit card aimed at taking on American Express. Kiaan shares insights on Stitch's impressive $55 million funding round to enhance payments in South Africa. The panel also reflects on the rising popularity of Buy Now, Pay Later services at Coachella and the broader implications for the fintech landscape.
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INSIGHT

Revolut Targets UK Credit Rewards

  • Revolut aims to disrupt UK credit card rewards, directly challenging American Express with their points-based card.
  • The UK's market openness to new credit products gives Revolut a real chance to succeed beyond the U.S. context.
ANECDOTE

Low Loyalty Adoption in Africa

  • In South Africa, loyalty and credit card rewards are not common compared to other markets.
  • Most transactions happen through debit cards or mobile money, showing an untapped loyalty opportunity.
ADVICE

Localize Marketing and Gamify Rewards

  • To grow new financial behaviors like loyalty in diverse markets, create truly localized and culturally relevant marketing.
  • Gamify rewards to engage users and increase addictive, repeat behavior effectively.
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