SumUp secures $100m credit facility to expand merchant cash advance product
SME-focused fintech SumUp obtains a $100 million credit facility from Victory Park Capital to expand its merchant cash advance product, SumUp Cash Advance, enabling...
US fintech Block set to close European payments app Verse
San Francisco-based payments company Block is closing some of its European business operations, including its peer-to-peer payment app Verse and its buy now, pay...
Payabl. secures EMI licence in the UK
European paytech firm payabl. has obtained a UK electronic money institution (EMI) licence, enabling expansion of its services and merchant portfolio.
FactsPayabl. has acquired...
Garanti BBVA Financial Technologies launches new venture for digital assets
Garanti BBVA Financial Technologies, a subsidiary of Garanti BBVA, is entering the digital asset arena with its venture named Garanti BBVA Digital Assets, offering...
PayPal launches US dollar stablecoin PayPal USD
PayPal is launching a fully-backed stablecoin, PayPal USD, backed by US dollar deposits and similar assets, aiming to enhance payments in Web3.
FactsPayPal is...
Revolut halts crypto services in the US citing “evolving regulatory environment”
Challenger bank Revolut will halt access to cryptocurrencies for US customers starting October 3, citing regulatory uncertainties and the evolving crypto market.
FactsChallenger bank...
Over $10bn deposited into Apple Card’s savings account in first four months of going live
Just over four months after its launch, Apple's Apple Card savings account offering has amassed over $10 billion in deposits, marking a significant success...
Nexi buys 30% stake in German PSP Computop
Founders of German payment service provider Computop, Frank Arnoldt and Ralf Gladis, sell 30% of the company's shares to Italian paytech firm Nexi Group,...
Stax Payments appoints Paulette Rowe as new CEO
US fintech Stax Payments appoints Paulette Rowe as CEO, a seasoned executive with a prominent background in the financial sector.
FactsPaulette Rowe becomes the...
