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/payments

Shift4 to acquire Givex for C$200 million

Shift4 Payments is to acquire Canadian gift card company Givex for C$200 million in an all-cash transaction.

/regulation

FCA rules and slow approval times dent the UK's aspirations to become a global crypto hub

British ambitions to become a global crypto hub are being hindered by a conservative regulatory approach that has seen applications for registration by crypto firms drop by 51% over the past three years.

/payments

Amazon invests $20 million in Indian BNPL firm Axio

Indian buy now, pay later firm Axio has landed a $20 million equity investment from Amazon's Smbhav Venture Fund.

/sustainable

UK climate fintech Zero secures partners ahead of launch

Zero, a UK finance app targeting climate-active young Brits has signed up a host of technology partners ahead of its launch later this year.

/wholesale

Summit Partners and Visa Equity put Trintech in the shop window

Summit Partners and Vista Equity are sounding out investment bankers for a potential sale of financial software house Trintech.

/ai

Klarna to use AI to halve workforce

Klarna saw revenue rise 27% in the first half of 2024, buoyed by its aggressive use of AI, which CEO Sebastian Siemiatkowski says could help the BNPL giant halve its workforce.

/payments

Revolut signs global Visa Direct agreement for cross-border business transactions

Revolut has teamed up with Visa to offer business customers instant card transfers for cross-border transactions.

/crypto

Banking Circle launches euro-backed stablecoin

Banking Circle has launched a new MiCA-compliant stablecoin into the European market.

/payments

AIB introduces voluntary gambling block

AIB is the latest bank to introduced a voluntary block feature on debit and credit card transactions linked to gambling.

/people

Adyen names Cash App's Tom Adams CTO

Payments processor Adyen has hired Cash App's head of engineering Tom Adams as chief technology officer.

/security

Visa in talks over £700m Featurespace acquisition - Sky News

Visa is in talks with Featurespace about a £700 million acquisition of the British financial fraud fighting outfit, according to Sky News.

/payments

DBS pilot blockchain-based programmable grant disbursements

Singapore's DBS has completed a pilot using blockchain technology for programmable government grant disbursements to businesses.