Digital Banks Are Becoming Part of the Purchase
Hey Digital Banking Fanatic!
Digital banks spent years convincing people to move their money online.
Now they're competing for something else entirely: the moment you decide to buy.
Snappi has expanded its Pay Later service through a new partnership with Public, one of Greece's largest retailers. Customers can split purchases into four interest-free installments directly from the Snappi app, with no extra registration or additional checkout process. It's a small feature on the surface, but one that reflects a much bigger shift.
The race is no longer just about offering a better banking app. It's about being present when customers actually spend money. Whether that's payments, financing, rewards, or shopping, digital banks are steadily moving beyond banking and into everyday commerce.
There's plenty more below.
You'll also find why SoFi and Chime both reported strong Q1 results while pursuing very different growth strategies, and what their latest numbers tell us about the next phase of digital banking.
See what else is shaping Digital Banking. 👇 See you tomorrow!
Cheers,
INSIGHTS
📊SoFi 🆚 Chime
Here's how Q1 2026 played out👇
NEWS
🇬🇷 Snappi Pay Later is now available on Public. With Snappi Pay Later, consumers can split their purchases into 4 interest-free installments right at checkout, and it’s fully integrated into the Snappi app. No additional accounts, other apps, or unnecessary steps required.
🇧🇷 Nubank will spend R$ 40 million on a new headquarters for 1,000 employees. The unit will operate in the Vista Mauá Building, located in the central region of the city. The project is part of the financial institution's expansion plans in Brazil.
🇺🇸 Chime announced the launch of Chime Invest™, bringing investing to the Chime app where members already get paid, spend, and save. With the addition of Chime Invest, members now have access to wealth-building tools in one place, with commission-free investing, Managed Portfolios with no account minimums, and high-yield savings earning up to 3.75% APY.5.
🌏 Grab's digital bank narrows loss on corporate lending push. The digital bank grew its total loan book to SG$1.03 billion, more than doubled income to SG$69.6 million, and slightly narrowed its annual net loss as it accelerated lending to businesses and consumers.
🇮🇱 Isracard walks away from planned acquisition of Nir Zuk's Esh Bank. After months of talks, Isracard announced that the memorandum of understanding between the two sides had expired without being extended. As a result, no binding agreement was signed, and the deal will not proceed.
🇮🇹 Salt Edge and Domopay introduce Pay by Bank for rent collections in Italy. With Salt Edge Pay by Bank added to Domopay, landlords and property owners using the app will be able to receive instant account-to-account rent transfers, lowering the likelihood of payment disruptions.
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