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/payments

Klarna scores EMI licence in the UK

Buy now, pay later giant Klarna has scored an Electronic Money Institution licence from the UK's Financial Conduct Authority, paving the way for a full-frontal assault on the retail banking market.

/payments

Airwallex to double London office space as UK revenues soar

Business payments outfit Airwallex is to double its office space in London after experiencing 109% year-on-year growth in the UK.

/crypto

ZA Global leads $40 million round in Hong Kong stablecoin firm RD Technologies

Hong Kong-based financial conglomerate ZA Global has led a $40 million Series A2 round in local stablecoin issuer RD Technologies.

/people

CFIT appointts Anna Wallace as CEO

Fintech growth quango, the Centre for Finance, Innovation and Technology (CFIT), has appointed the FCA's former head of innovation Anna Wallace as CEO.

/payments

Worldline in talks to sell non-payments unit

French payments processor Worldline has entered exclusive talks over selling its digital services business to tech group Magellan Partners in a €410 million 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.

/payments

FIS to integrate with Circle for USDC payments

Global banking technology vendor FIS has teamed with stablecoin issuer Circle to give financial institutions the ability to transact in USDC.

/regulation

Bailey and Reeves clash over Revolut banking licence - FT

The Bank of England governor has reportedly clashed with chancellor Rachel Reeves over efforts to accelerate Revolut's authorisation as a fully-licenced bank.

/retail

Revolut offers financial independence to 16-17 year olds

Revolut has extended access to its retail account for 16-17 year olds, leaving them free from adult supervision in kids accounts as they become financially independent.

/wholesale

Trovata buys treasury management system Atom

Cash and liquidity management platform Trovata has acquired treasury management system (TMS) Atom and secured $9 million in investment.

/crypto

PayPal unveils 'Pay with Crypto' feature

PayPal is launching a service that enables businesses to accept payments in more than 100 cryptocurrencies.

/payments

CaixaBank turns on instant cross-border mobile transfers

The European Payments Alliance (EuroPA) has hit a milestone in its efforts to bring instant cross-border payments to the continent with customers of Spain's CaixaBank now able to send money to people in Portugal, Italy and Andorra via the Bizum mobile transfer scheme.