Leumi to launch mobile-only bank

Israeli Bank Leumi is preparing to launch a mobile-only bank later this year, according to Finextra. The application was soft-launched in Q2 as an online lending product. The platform will expand to offer both P2P payments and savings on an app called Pepper Pay. Leumi CEO Rakefet Russak-Aminoach said in a conference in London earlier this week that she expects Pepper Pay to appeal to the world marketplace — becoming a worldwide startup phenomenon, like Waze or Taboola. Read more: pymnts.com