Major payment processor files application to charter its own bank. This marks another significant step in legacy finance's integration with modern financial infrastructure. The move signals growing appetite from established fintech players to gain deeper control over banking operations and customer relationships. Such regulatory applications reflect shifting dynamics in how traditional payment platforms are positioning themselves within the evolving financial landscape. Industry observers see this as part of a broader trend where major payment networks seek to reduce dependency on traditional banking intermediaries and strengthen their competitive moat.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
17 Likes
Reward
17
6
Repost
Share
Comment
0/400
airdrop_huntress
· 18h ago
Hmm... Traditional finance is really about to be shaken up. This move is a bit aggressive.
View OriginalReply0
ProposalDetective
· 12-16 01:59
A major payment company is opening a bank. Traditional finance is probably being forced to learn from Web3, right?
View OriginalReply0
WhaleWatcher
· 12-16 01:54
Another payment giant is about to open a bank, and traditional finance can no longer sit still.
View OriginalReply0
CodeZeroBasis
· 12-16 01:46
Ha, it's happening again. Major companies are planning to open their own banks.
View OriginalReply0
MoodFollowsPrice
· 12-16 01:45
Major payment providers are now opening their own banks, and traditional banks are really panicking now haha
View OriginalReply0
LiquidityNinja
· 12-16 01:38
NGL payment giants are getting their own banking licenses, which is basically trying to choke off traditional banks.
Major payment processor files application to charter its own bank. This marks another significant step in legacy finance's integration with modern financial infrastructure. The move signals growing appetite from established fintech players to gain deeper control over banking operations and customer relationships. Such regulatory applications reflect shifting dynamics in how traditional payment platforms are positioning themselves within the evolving financial landscape. Industry observers see this as part of a broader trend where major payment networks seek to reduce dependency on traditional banking intermediaries and strengthen their competitive moat.