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/payments

UK's Payment Systems Regulator sets out updated strategy

Halfway through its five-year strategic plan, the UK's Payment Systems Regulator (PSR) has published its strategy update setting out its core commitments.

/payments

Amazon to buy Indian BNPL firm axio

Amazon has agreed to acquire Indian buy now, pay later firm axio in a deal reported to be worth more than $150 million.

/security

Ireland proposes legislative changes to tackle scam epidemic

Ireland's Government has committed to the establishment of a shared fraud database between financial institutions, utility companies, and payment companies, against a backdrop where scammers stole almost €100 million in 2023.

/crypto

EToro files for US IPO - FT

EToro has filed confidentially for a US initial public offering that could value the online investment platform at more than $5 billion.

/regulation

Block hit with $255m in penalties over Cash App failings

Block has been ordered to pay a combined $255 million by state regulators and the CFPB over AML and fraud failures connected to the Cash App.

/crypto

Nomura-backed Komainu raises $75 million in bitcoin

Komainu, a regulated digital asset services provider and custodian backed by Nomura, has sealed a $75 million investment from Blockstream capital.

/wholesale

Temenos tormentor Hindenburg Research shuts up shop

Hindenburg Research, the US-based short seller that had targeted several business entities including Temenos and Block, is going to be disbanded.

/sustainable

BeZero Carbon raises $32 million

Carbon ratings agency BeZero Carbon has raised $32 million in series C funding.

/payments

Barclays and Synchrony Financial in the running to take over Apple's credit card business

Apple is reportedly in talks with Barclays to replace Goldman Sachs as its credit card issuer.

/wealth

Freetrade sold to IG Group for underwhelming £160 million

Freetrade, the self-directed investment platform, has agreed to be acquired by London-listed IG Group for £160 million.

/startups

Revenue management startup Hyperline raises $10m

French revenue management startup Hyperline has raised $10 million in a seed extension round led by Index Ventures.

/payments

Half of UK BNPL users unaware of late fees

Just half of BNPL users in the UK are aware of late payment fees, with even fewer knowing how much these fees might be, according to research for the LSB (Lending Standards Board).