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/payments

DLocal explores sale - Reuters

Unicorn Latin American cross-border payments platform dLocal is exploring a potential sale, according to Reuters.

/payments

Digital payments on the rise in Europe, but cash still king at POS

While the use of digital payments continues to rise in the euro area, cash is still responsible for more than half of all point-of-sale transactions, according to a European Central Bank study.

/security

One-in-five consumers lost money to scammers in 2024

New research from Barclays Bank reveals that one in five consumers fell victim to a scam in the last year.

/crypto

OCBC rolls out bespoke tokenised bonds to large corporate clients

OCBC has launched the sale of bespoke tokenised bonds issued in S$1,000 denominations to corporate clients that have net assets exceeding S$10 million.

/startups

SC Ventures launches invoicing and billing fintech to SMEs in Apac

SC Ventures, the fintech investment and incubation arm of Standard Chartered, has launched Labamu, an invoicing and billing platform for SMEs in Apac.

/retail

Bookkeeping platform Bench shuts down; quickly gets acquired

Days after closing down, Vancouver-based bookkeeping fintech Bench has been acquired by human resources tech startup Employer.com.

/crypto

Frax launches BlackRock-backed, Securitize tokenised stablecoin

Frax intends to be the US digital dollar and to establish itself as "the world's most innovative decentralised stablecoin and DeFi stablecoin infrastructure."

/wholesale

Thomson Reuters buys tax automation provider SafeSend

Thomson Reuters has acquired cloud-native tax automation firm SafeSend for $600 million in cash.

/payments

WhatsApp Pay made available to all Indian users

Meta-owned WhatsApp has been given the greenlight to roll out its P2P payments service to all of its Indian users.

/payments

Checkout.com cuts staff after sales losses

UK-based payments processor Checkout.com has cut almost a quarter of its work force following a drop in revenue.

/crypto

Blockchain groups sue US IRS over new DeFi regulations

The US Internal Revenue Services (IRS) and Treasury are facing legal action from a number of blockchain trade groups over newly introduced rules for crypto brokers.

/ai

Putin orders Russian bank to cooperate with China on AI

Sberbank, Russia’s largest financial institution, has been told to work with China on the development of AI-based services.