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- This Week in Fintech
Happy Friday!
Welcome to the eighth instalment of This Week in Fintech. Thanks for subscribing 🙌
The low down ⏱️
ANZ Plus launches their digital refinance platform, Karta Gift Cards launches in Big W stores nationwide, Adyen now offering SMB’s capital financing, Block Earner launches loans backed by crypto, Monzo is close to securing funding from Alphabet, UK based Kroo Bank’s crowdfunding is successful and the US SEC sues Binance and Kraken.
This week in Australia 🇦🇺
Karta Gift Cards launches in Big W
Over the past 12 months Karta has been working with Blackhawk Network and Mastercard to launch a gift card that can turn from a plastic card into a digital smart card.
What makes Karta’s physical gift cards different to others is their patented SafeToBuy technology. SafeToBuy allows Karta to issue a numberless physical card, ensuring greater security and reduced fraud by removing the 16-digit card number and CVC2 from the physical gift card. Users can tap the physical card and load an Apple App Clip or Google Instant App for the details of the gift card and the ability to load into their chosen mobile wallet. This means no app download is necessary as they are leveraging App Clip / Instant App technology.
Karta Gift Cards are now available in Big W stores nationwide.
What is an App Clip?
An App Clip is a small part of an app that’s discoverable at the moment it’s needed and lets people complete a quick task — even before installing your full app. Whether ordering take-out from a restaurant, renting a scooter, or setting up a new connected appliance for the first time, people can launch the App Clip to easily start and finish the task. And once the task is done, you can offer the opportunity to download your full app from the App Store.