Global

PhonePe, Paytm, Cred Shut Down Rent Payment Feature After RBI Curbs

MSN

“The Reserve Bank of India’s move to tighten regulations for payment aggregators has prompted some of India’s largest fintech firms, including PhonePe, Paytm and Cred, to stop rent payments on their platforms, according to a Moneycontrol report. The central bank’s new rules prohibit payment aggregators from acting as marketplaces—which previously allowed them to process rent payments.”

Tags: India

Global

RBI Fines PhonePe for Regulatory Lapses, Sends a Clear Warning to Fintechs

The420

“The Reserve Bank of India (RBI) has imposed a fine of ₹21 lakh on digital payments company PhonePe for violating norms related to prepaid payment instruments (PPIs). The penalty underscores the central bank’s tightening grip on India’s fast-expanding fintech sector. Regulators found that the company failed to adequately inform customers about account balances and did […]

Tags: India

Global

UPI Joins Hands With Global Postal Network to Reshape Cross-Border Payments

IBS Intelligence

“The announcement of UPI–UPU integration at the Universal Postal Congress in Dubai has been hailed as a landmark moment in the global payments industry, with FinTech leaders highlighting its potential to reshape cross-border remittances and set new benchmarks for financial inclusion. By merging the universal reach of postal networks with the speed, affordability, and interoperability of […]

Tags: India

Global

The Retail Payments Infrastructure Board (RPIB) [UK]

Bank Of England

“On 15 July 2025, the Payments Vision Delivery Committee (PVDC) announced a new model to deliver the next generation of UK retail payments infrastructure, supporting businesses and consumers across the economyOpens in a new window. The new model embeds public and private sector collaboration, utilising the right expertise in the right functions to drive transformation. […]

Tags: UK

Companies

Amazon Completes Acquisition of Indian Lender Axio

News.az

“Amazon announced Thursday that it has finalized its acquisition of Bengaluru-based non-bank lender Axio for an undisclosed sum.  The deal provides Amazon with a direct lending license in India, expanding its financial services footprint in the country, News.Az reports, citing Reuters. The deal will help Amazon expand its fintech operations in India, where it has […]

Tags: Amazon

Industry

Wyoming Makes Gov Fintech History With Launch of First US State-Issued Stablecoin

Global Government Fintech

“The US state of Wyoming has this week announced the ‘mainnet’ launch of its own stablecoin – the Frontier Stable Token (FRNT). FRNT is a groundbreaking digital money programme for the public sector as the first fiat-backed, fully-reserved stablecoin issued by a public entity in the US – an eye-catching development given that traditional stablecoins […]

Global

Tide Strips Card Numbers to Reduce Card Fraud Risk

Startups Magazine

“Tide has become the first UK provider of business cards to remove printed numbers from its cards – eliminating its own exposure to several major types of card fraud that rely on visible card details. New Tide cards will no longer carry a printed long card number, expiry date, or three-digit security code. Darren Deal, […]

Tags: UK

Companies Global

Paytm’s Unit Gets Indian Central Bank Nod to Operate as Online Payment Aggregator

Reuters

“Indian fintech firm Paytm’s Payment Services unit has got ‘in-principle’ approval from the country’s central bank to operate as an online payment aggregator. In August 2024, the company had said it would submit an application with the Reserve Bank of India to seek a payment aggregator license. That move came seven months after the central […]

Tags: India Paytm

Industry

Corpay Partners With Circle Group to Expand Stablecoin Access

MSN

“Corporate payments company Corpay has joined forces with a subsidiary of fintech firm Circle Internet Group to incorporate the use of stablecoins in its cross-border payment services. The tie-up will enable the use of US Dollar Coin (USDC) within Corpay’s payment infrastructure, granting businesses with the ability to access 24/7 settlement times and features of […]

Industry

Handwave Lends a Hand to Retailers With Its European Alternative to Amazon’s Palm Payments

TechCrunch

“Paying with a handwave once sounded like science fiction, but contactless palm recognition service Amazon One has already been used more than 8 million times, according to the company. That’s Amazon, though, which explains why it has been deployed in Amazon stores and more than 500 Whole Foods Market stores in the U.S., but only 150 third-party locations. […]

Companies

Visa Brings Google Pay Integration to Fleet Cards, Enabling Tokenization and Push-to-Wallet Across the Digital Wallet Ecosystem

Visa

“Visa announced a major advancement for Fleet Operators. With the addition of Google Pay tokenization and push-to-wallet, Visa addresses the long-standing challenge of fleet data tags being tied solely to the plastic card chip. Now, fleet data tags can be configured by the issuer, fintech, or processor, allowing custom data tags to be dynamically provisioned […]

Tags: Visa

Companies

Kenya: M-Pesa Partners With PayPal for Cross-Border Payments

Africa News Agency

“On July 21, Kenya’s leading mobile money platform, Safaricom’s MPesa, partnered with PayPal, enabling over 30 million users to send and receive money globally. This integration enhances cross-border fintech capabilities and supports e-commerce growth across Africa. The move reflects growing investor confidence in African digital finance and positions Kenya as a regional fintech hub amid rising […]

Tags: PayPal

Companies

Lloyds to Acquire Curve in $161.2m Digital Wallet Deal

IBS Intelligence

“Lloyds Banking Group to acquire Curve, a digital wallet FinTech, for around $161.2 million by the end of September to help make everyday banking simpler and more convenient for its customers. Founded in 2015, Curve has emerged as a leader in digital wallet innovation, enabling customers to consolidate multiple payment cards into a single smart card, complemented by an […]

Tags: Curve Lloyds

Companies

Stripe Acquires Orum to Expand Capabilities in Real-Time Payments and Bank Account Verification

FinTech Magazine

Stripe has announced the acquisition of Orum, a U.S.-based financial technology company specializing in payment orchestration and bank account verification. The acquisition adds new infrastructure to Stripe’s non-card payments strategy. Orum has developed products that facilitate instant transfers and rapid bank authentication. Its platform supports multiple U.S. payment rails including ACH, RTP, and FedNow, enabling […]

Tags: Stripe

Industry

JPMorgan's New Fintech Fees Spark Industry Backlash

Ainvest

“JPMorgan Chase now charges fintech firms for customer data access, breaking from free data-sharing norms via intermediaries like Plaid. Legal battles persist over CFPB’s Open Banking Rule, with banks arguing security risks while fintechs claim restricted competition and consumer choice. Critics warn data fees could stifle innovation and centralize financial control, shaping the future of […]