Payments

One in Seven UK High Street Shops Adopt Cashless Payments

New survey reveals a significant shift towards cashless transactions.Highlights: One in seven UK high street shops went cashless last year.Growing preference for cashless payments among consumers.Survey indicates a major...

Morgan Stanley to Cut 2,500 Staff Across Divisions

The bank aims to streamline operations amidst economic uncertainties.Highlights: Morgan Stanley plans to cut 2,500 jobs across various...

Lloyds to Sell Customer Data to Cut IT Costs and Strengthen Fintech Position

The bank aims to optimize operations and enhance its fintech offerings.Highlights: Lloyds is selling customer data to reduce...

Robinhood Launches $695 Annual Platinum Credit Card, Challenging Amex

The new offering aims to disrupt the premium credit card market.Highlights: Robinhood's new Platinum credit card costs $695...

Citi and HSBC Invest in Trading Tech Player Adaptive, Boosting Innovation

This investment aims to enhance financial trading technology solutions.Highlights: Citi and HSBC jointly invest in trading tech company...
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NYSE Owner Strengthens Investment in Crypto Exchange OKX

Intercontinental Exchange enhances its portfolio with a significant move into cryptocurrency.Highlights: Intercontinental Exchange increases investment in crypto exchange OKX.The move aims to diversify the...

Mastercard Launches Trust Layer for Agentic Commerce Transactions

New technology aims to enhance security and trust in digital commerce.Highlights: Mastercard's new Trust Layer aims to improve security in Agentic Commerce.The technology focuses...

Revolut Files for U.S. Banking License, Expanding Operations

Fintech company aims to enhance its services in the competitive U.S. market.Highlights: Revolut has filed for a banking license in the United States.The move...

Payment Processor Silverflow Secures $40M Funding Boost

New investment aims to enhance payment solutions and expand market reach.Highlights: Silverflow raises $40M to improve payment processing technology.Funding led by leading investors to...

Latin American Neobank Ual Raises $195 Million at $3.2 Billion Valuation

Funding aims to expand services and accelerate growth in the region.Highlights: Ual raises $195 million in a funding round.The neobank reaches a $3.2 billion...

Vivox AI Secures $13M to Enhance Financial Crime Compliance Efforts

Funding aims to scale atomic agents for better regulatory adherence.Highlights: Vivox AI has raised $13 million to boost its compliance technology.Funding will enhance the...

Swedish Central Bank Urges Public to Horder Cash Amid Payments Disruption

Sweden's Riksbank emphasizes the importance of cash as a backup.Highlights: Swedish Central Bank warns about potential payment system disruptions.Riksbank encourages citizens to stash cash...

X Launches Payments Beta with William Shatner Charity Auction

Innovative payment platform debuts alongside charity event featuring Shatner.Highlights: X debuts its payments beta with a charity auction featuring William Shatner.The auction proceeds will...

Standard Chartered Appoints Former Kinexys Co-Head as Global Payments Chief

New leadership aims to enhance the bank's payment strategies.Highlights: Standard Chartered appoints new Global Payments Chief.Former Kinexys co-head brings extensive expertise.Leadership change aims to...
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