eToro Weighs Payments-Focused Expansion Into Banking Sector

eToro could become the latest in a string of FinTechs entering the banking space. The trading and investment platform is considering multiple acquisitions, and also planning an expansion into traditional payment services that could involve a banking license application, CEO Yoni Assia said in an interview with the Financial Times (FT) Monday (June 20). The company is working with investment bankers to purchase two businesses “soon,” Assia said, adding that the firms in question were wealth-techn