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Klarna revels in one million US debit card sign ups

/payments

Klarna revels in one million US debit card sign ups

Over a million Americans have signed up for Klarna's debit card in just eleven weeks since launch.

Pleo moves into embedded finance

/retail

Pleo moves into embedded finance

European spend management platform Pleo has worked with Mastercard to launch an embedded finance offering that helps businesses managing large networks of SMB customers to offer real-time financial intelligence via spend and cash management capabilities directly from their own platform.

Cardless raises $60m

/payments

Cardless raises $60m

Embedded credit card platform Cardless has raised $60 million in a Series C growth round led by Spark Capital.

Google unveils Agent Payments Protocol to power AI commerce

/ai

Google unveils Agent Payments Protocol to power AI commerce

Google has unveiled an open protocol designed to serve as the foundation needed to enable AI agents to transact payments on behalf of users and merchants.

Saudi fintech Hala raises $157m

/retail

Saudi fintech Hala raises $157m

Hala, a Saudi Arabian fintech that provides embedded financial services to micro, small and medium enterprises, has raised $157 million in a Series B funding round.

Portugal's Sibs to buy Polish payments firm ITCard

/payments

Portugal's Sibs to buy Polish payments firm ITCard

Portuguese payments processor Sibs is expanding its presence in central Europe through the acquisition of Poland's ITCard. Financial terms were not disclosed.

FCA consults on proposals to scrap contactless limits

/payments

FCA consults on proposals to scrap contactless limits

The UK's Financial Condut Authority is consulting on proposals to raise contactless limits for larger payments.

Revolut introduces Pay by Bank option

/payments

Revolut introduces Pay by Bank option

Revolut is preparing for the next generation of merchant payments with the launch of a Pay by Bank option, avoiding card networks and sucking payments directly from consumer bank accounts.

Mastercard launches On-Demand Decisioning tool

/payments

Mastercard launches On-Demand Decisioning tool

Mastercard has moved to give financial institutions more control over authorisation decisions through the launch of the On-Demand Decisioning (ODD) tool.

Klarna launches debit card in Europe; files for US IPO

/payments

Klarna launches debit card in Europe; files for US IPO

Klarna is bringing its debit card to Europe, providing consumers with the option to pay upfront or by installments both instore and online.

Swedbank buys Barclays' stake in Entercard

/payments

Swedbank buys Barclays' stake in Entercard

Swedbank is to acquire Barclays’ ownership stake in Nordic card company Entercard for $275 million

Crypto wallet MetaMask launches native stablecoin

/crypto

Crypto wallet MetaMask launches native stablecoin

Self-custodial crypto wallet MetaMask is launching its own native stablecoin, which will be issued by Stripe-owned Bridge.

Google partners Wise to make remittances more accessible

/payments

Google partners Wise to make remittances more accessible

Google is working with Wise, Ria Money Transfer and Xe to test a remittance experience via its online wallet and search.

Ramp closes second raise in 45 days as AI fuels growth

/ai

Ramp closes second raise in 45 days as AI fuels growth

Less than two months after raising $200 million at a $16 billion valuation, Ramp has pulled in another $500 million in a round that values the expense management startup at $22.5 billion.

Apple and JPMorgan Chase close in on credit card deal

/payments

Apple and JPMorgan Chase close in on credit card deal

JPMorgan Chase is on the verge of closing a deal to replace Goldman Sachs as issuer for the Apple credit card, according to reports.

Samsung Wallet adds in-store instalment payments

/payments

Samsung Wallet adds in-store instalment payments

Samsung has teamed up with Splitit to let users of its mobile wallet use their existing credit to split in-store payments into instalments.

Mastercard launches AI card design platform

/ai

Mastercard launches AI card design platform

Mastercard has launched an AI-based design tool to help issuers create payment cards with the click of a button.

Nordea taps Mynt to roll out an expanse management system for SMEs across the Nordics

/payments

Nordea taps Mynt to roll out an expanse management system for SMEs across the Nordics

Swedish fintech Mynt has been selected by Nordea, the largest bank in the Nodics, to launch a business credit card and spend management service for small and medium-sized enterprises (SMEs) across Sweden, Norway, Denmark and Finland.

CaixaBank develops an AI agent to help customers explore products in the app

/ai

CaixaBank develops an AI agent to help customers explore products in the app

CaixaBank has launched a generative AI-based agent to help users of it mobile banking application learn details about products, compare the different available options, and choose which one best suits their needs.

Visa and Mastercard face another UK class action suit over card fees

/payments

Visa and Mastercard face another UK class action suit over card fees

Visa and Mastercard are facing another multi-billion pound UK class action lawsuit for allegedly unlawful interchange fees.

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