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Visa unveils programme for smoother fintech integrations

/payments

Visa unveils programme for smoother fintech integrations

Visa has launched a programme it says will turbo-charge the fintech ecosystem by making it easier for businesses to embed payments into their applications.

Airwallex hits $6.2bn valuation

/payments

Airwallex hits $6.2bn valuation

Airwallex has raised $300 million in a Series F funding round that values the payments firm at $6.2 billion.

Binance integrates with Brazil's Pix payments system

/payments

Binance integrates with Brazil's Pix payments system

Binance Pay has integrated with Brazil's Pix system to enable people to use crypto to make instant payments in reais.

Retailers back BNPL alternative from charity-owned lender

/payments

Retailers back BNPL alternative from charity-owned lender

A group of UK retailers are backing a new BNPL alternative from charity-owned responsible lender Fair for You.

UK government seeks open banking supplier for Universal Credit

/payments

UK government seeks open banking supplier for Universal Credit

The UK government has begun a procurement process to find an open banking technology supplier for use with its Universal Credit social security payments.

UK court finalises £200m Mastercard settlement

/payments

UK court finalises £200m Mastercard settlement

Mastercard's £200 million settlement of a class action lawsuit brought on behalf of British consumers has been signed off by the Competition Appeal Tribunal in a move that could see millions of shoppers receiving up to £70 each.

Spanish mobile networks go dark

/payments

Spanish mobile networks go dark

Spain has been struck by a widespread outage across all mobile networks just four weeks after suffering from a nationwide electricity blackout, highlighting the perils of relying solely on online payment systems and apps.

JPMorgan issues AI-generated Account Confidence Score for corporate payments

/payments

JPMorgan issues AI-generated Account Confidence Score for corporate payments

JPMorgan Payments is supplying treasurers with an AI-generated Account Confidence Score, enabling corporate clients to assess fraud risk before initiating a payment.

Klarna on track to reach $1 million in revenue per employee

/payments

Klarna on track to reach $1 million in revenue per employee

BNPL giant Klarna says it is fast approching $1 million in revenue per employee, spearheaded by its aggressive uptake of AI.

Sweden's central bank comes down hard in favour of cash payments

/payments

Sweden's central bank comes down hard in favour of cash payments

Sweden's push to become a cashless society is rapidly heading into reverse, as the central bank submits proposals to introduce an obligation to accept cash in the sale of essential goods, and to strengthen the banks' responsibility for cash handling.

UK Government to rush through new rules to tame BNPL 'wild west'

/payments

UK Government to rush through new rules to tame BNPL 'wild west'

After years of wrangling, the UK Government is finally introducing new rules to clamp down on what it describes as the 'wild west' of buy now, pay later lending.

Paythru partners with Adyen on electric vehicle charging payments platform

/payments

Paythru partners with Adyen on electric vehicle charging payments platform

The new EV payments platform will help to standardise how drivers pay at EV charge points. EV drivers primarily pay for charging using credit or debit cards, either by tapping their cards on a payment terminal or by using a kiosk. Other methods include using charging cards (RFID), smartphone apps, and 'Plug & Charge' technology. Some stations also allow for online payments or payments through QR codes.

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