Latest Payments News: Finextra Research

AvidXchange considers sale - Bloomberg

Four years after going public, business payments automation firm AvidXchange is considering a sale after receiving takeover interest, according to Bloomberg.

14 March 2025

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FCA seeks feedback on scrapping £100 contactless limit

The UK Financial Conduct Authority is inviting feedback on its previously-floated proposal to remove the £100 contactless limit on card payments.

14 March 2025

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Senate votes to scrap CFPB oversight of Big Tech payment apps

The US Senate has voted to overturn a Consumer Financial Protection Bureau rule that would give the watchdog oversight of tech giants, such as Apple, Google and X, that offer digital payment apps and wallets.

13 March 2025

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Santander and Amazon introduce Visa card in Austria

Amazon and Santander have launched a Visa credit card in Austria which rewards customers with cashbacks for shopping on Amazon and other sites.

13 March 2025

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Mexican digital bank Plata raises $160m

Less than two years after launching, Mexican digital bank Plata has joined the unicorn club off the back of a $160 million Series A funding round.

13 March 2025

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Visa says new anti-scam unit thwarted $350 million in attempted fraud

Visa says that its newly-formed scam disruption practice prevented more than $350 million in attempted fraud in 2024.

12 March 2025

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RBA bangs heads over proposals to decommission Bulk Electronic Clearing System

The Reserve Bank of Australia has called for more clarity in planning for the decommissioning of the Bulk Electronic Clearing System (Becs), arguing that the industry is yet to arrive at a shared vision of the desired features of account-to-account payments in Australia and that there has been insufficient industry coordination, planning and certainty regarding the transition.

12 March 2025

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SMB financial management platform Mimo raises $8.5m

Mimo, a UK-based platform for simplifying global payments, cash flow, and financial management for SMBs and accountants, has raised $8.5 million in an equity round led by Project A and joined by Northzone and Seedcamp.

12 March 2025

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Exciting lineup revealed: Meet the first 10 speakers for NextGen Nordics

The Nordic payments ecosystem is among the most innovative and forward-thinking in the world. As digital payments continue to evolve and transform the financial landscape, it is crucial to have experts who can guide and shape this transformation. The following individuals — confirmed speakers for NextGen Nordics 2025 at Münchenbryggeriet in Stockholm, Sweden, on 29 April 2025 —are recognised leaders in the Nordic payments industry, and their expertise makes them the best speakers on trends within this space.

12 March 2025

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UK Government confirms plans to scrap Payment Systems Regulator

The UK Government has confirmed plans to abolish the Payment Systems Regulator, slashing red tape in a bid to boost economic growth.

12 March 2025

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BaaS platform Synctera raises $15m

Banking-as-a-Service player Synctera has raised $15 million in funding and signed online checkout giant Bolt as a customer.

12 March 2025

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HSBC joins $51m funding round for immigrant neobank Zolve

Zolve, a neobank for immigrants to the US is planning international growth after securing $51 million in a Series B funding round led by Creaegis and joined by HSBC.

12 March 2025

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