Payments Canada Welcomes Payment Service Provider Members

Payments Canada

Payments Canada announced the admission of five new payment service provider (PSP) members: Wise Payments Canada Inc., an international money transfer platform; Float Financial Solutions, a corporate spend management solution; KOHO Financial Inc., a fintech offering smart spending and savings accounts; Element Financial Technology Inc, a bank-account-based payment solution provider; and Brim Financial Inc., an […]

Companies

Revolut Scraps US Bank Acquisition in Push for Standalone Licence, Reports Say

Sifted

“Revolut has scrapped plans to buy a US lender and instead apply for its own American banking licence, reports say.  Europe’s most valuable fintech had previously sought to acquire a US bank as a means of attaining a US licence, but is now betting on the Trump administration’s light-touch regulatory approach to win approval on […]

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Industry

Consumer Credit Cards in 2026: Opportunities and Threats in a Complex Landscape

This Week in Fintech

“The U.S. consumer credit card market enters 2026 in a position of strength but facing mounting headwinds, including high interest rates, affordability concerns, regulatory scrutiny, and renewed political focus on interchange. According to the Nilson Report, U.S.-issued general-purpose credit cards generated $6.136 trillion in purchase volume in 2024, representing a 5.3% year-over-year increase. Outstanding receivables reached $1.346 […]

Industry

Klarna Backs Practical Stablecoin Use as ACP Emerges as Industry Standard

The AI Journal

“Klarna’s launch of its own stablecoin using Stripe’s infrastructure marks one of the most significant developments in the fintech and payments sector this year. Not because it heralds a new consumer crypto trend, but because it reflects a shift towards grounded, commercially viable applications of blockchain technology. After years of predictions about mass consumer crypto […]

Companies

Payments Fintech dLocal Plans Business Expansion into Asian Markets

Crowdfund Insider

“dLocal Ltd is set to significantly strengthen its footprint in Asia during 2026. The Uruguay-based fintech company, which enables global merchants to seamlessly connect with consumers in high-growth regions across Latin America and Asia, views the continent as a critical area for long-term expansion. In an interview at the Punta Tech Meetup conference in Uruguay, […]

Tags: dLocal

Companies

Pay.UK and Vocalink Extend Contracts for UK Payments Backbone

Fintech Global

“Pay.UK and Vocalink, a Mastercard company, have agreed to multi-year extensions to their existing infrastructure contracts, a move designed to safeguard the continuity of the UK’s core interbank payment systems well into the early 2030s.”

Tags: Mastercard

Companies

Zilch Bags Payments Licence

Tech EU

“Zilch, the UK BNPL fintech, has received a licence which it says will remove its reliance on third parties and allow it to build more payment methods in-house. Zilch, which is backed by Goldman Sachs and eBay, also said it had strengthened its ties with Visa, which earlier this year replaced Mastercard as Zilch’s card […]

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Industry

How Retailers Use Fintech to Hedge Currency Risk

Retail Times

“Retailers in the United Kingdom are increasingly facing currency exposure as they sell through international e-commerce marketplaces. Revenues are frequently received in United States dollars or euros, while most operational costs are incurred in pounds. Financial technology tools are now used to manage this currency risk, providing real-time visibility, multi-currency capabilities and automated hedging functions. […]

Companies

Worldline Partners With Fipto to Enable Next Generation of Payments Rails With Stablecoin

Worldline

“Worldline and Fipto, a European fintech providing stablecoin payment infrastructure, announced a strategic partnership to explore how stablecoins can enhance settlement and payment services across Europe. Through collaboration and innovation, Worldline and Fipto are helping build the payment infrastructure Europe needs for the digital economy ahead.”

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Global

Wise Becomes First Non-Bank to Go Live on Japan's Zengin System via API and Settle Directly With Bank of Japan

Fintech Finance

“Wise is now the first non-bank operating in Japan to connect via the newly established API method rather than the existing Relay Computer system. Additionally, Wise is now the first Funds Transfer Service Provider to settle payments directly with the Bank of Japan, making domestic yen payments almost instant by eliminating the need for intermediary […]

Tags: Japan

Companies

Klarna to Launch Dollar-Backed Stablecoin as Race in Digital Payments Heats Up

Reuters

“Swedish fintech firm Klarna on Tuesday said it will launch a U.S. dollar-backed stablecoin, becoming the latest major payments company to move deeper into digital assets as regulators tighten oversight of the sector. The token, called KlarnaUSD, is currently in testing and will be available on the mainnet in 2026, will be fully backed by […]

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Deals

Green Dot Agrees to $1.1bn Breakup Deal

FinTech Futures

“Green Dot Corporation has agreed to be acquired by Smith Ventures and CommerceOne Financial Corporation in deals totalling approximately $825 million to $1.1 billion. The first half of the agreement will see Smith Ventures acquire Green Dot’s non-bank fintech operations. On the other side, CommerceOne will acquire Green Dot Bank, including related assets and operations.”

Companies

Mastercard Unveils New Open-Loop Mobility Product

Fintech Global

“Mastercard has reinforced its position at the forefront of mobility innovation with the launch of its enhanced open-loop transit solution. The company’s open-loop transit solution allows riders to tap into public transport systems using existing Mastercard debit or credit cards, as well as digital wallets on mobile phones or wearables. This removes the need for […]

Tags: Mastercard

Companies

Mastercard’s 2030 Vision Builds an Intelligent Future for Payments

The Asian Banker

“At the Singapore FinTech Festival 2025, Sandeep Malhotra, executive vice president of core payments for Asia Pacific at Mastercard, outlines how the firm is reshaping regional payments infrastructure through tokenisation, interoperability and AI‑ready systems amid accelerating digital transformation.”

Tags: Mastercard

Companies

Mastercard Brings Agentic Payments to Life with Majid Al Futtaim in the UAE

Mastercard

“In a world where artificial intelligence is reshaping how people shop, pay, and connect, Mastercard is introducing Agent Pay in the UAE, and today marked its first transaction outside the US.  As part of this pilot phase in the UAE, Mastercard is collaborating with Majid Al Futtaim, a leader in shopping malls, communities, retail, and leisure […]

Tags: Mastercard