Latest Payments News: Finextra Research

MUFG invests in Thai super app Ascend Money

MUFG and the Finnoventure Private Equity Trust I fund have invested $195 million in Thailand-based fintech unicorn Ascend Money.

03 July 2024

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EPI launches wero wallet in Germany

The European Payments Initiative (EPI) has launched its mobile-first wallet and instant account-to-account payments system in Germany, with other counties set to follow in the coming months.

03 July 2024

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Ant Group acquires Dutch payments vendor MultiSafePay

China's Ant Group has acquired Dutch payments firm MultiSafepay as it expands further into Western markets.

02 July 2024

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Currensea smashes crowdfunding target

Travel debit card Currensea has raised over £1.7m from 760 investors in just four hours on crowdfunding platform Seedrs.

02 July 2024

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US judge rejects "paltry" $30 billion swipe fee settlement

A US district court judge has rejected an agreed $30 billion settlement over swipe fees between the two major card schemes and US merchants partially on the grounds that Visa and Mastercard have the financial armoury to pay "substantially" more.

01 July 2024

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Five Asian markets to link domestic instant payment schemes

The Bank for International Settlements is to move toward live implementation of Prject Nexus, an initiative that seeks to enhance cross-border payments by connecting multiple domestic instant payment systems globally.

01 July 2024

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Chime buys enterprise employee rewards platform Salt Labs

Digital banking giant Chime has acquired employee rewards startup Salt Labs. Financial terms of the deal were not disclosed.

01 July 2024

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UK bank customers hit by payment delays

Thousands of major bank customers in the UK have been hit by payments problems that has seen some people not receiving their salaries.

28 June 2024

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ABC Projektai wins back banking licence

In a dramatic move, the Court of Justice of the European Union (CJEU) has ruled that ABC Projektai can regain their banking licence after it being revoked by the Bank of Lithuania.

28 June 2024

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Digital euro would maintain freedom to choose how Europeans pay - ECB

With Europe inching towards the issuance of a digital euro, the ECB has embarked on a charm offensive, taking to media outlets across the continent to reassure citizens that the new payments option will compliment, not replace, cash and provide them with greater freedom of choice.

27 June 2024