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/payments

Alipay embeds payments into AR glasses

Alipay has integrated QR code payments into augmented reality glasses from Chinese outfit Rockid to enable users to pay for products instore by looking at the label.

/markets

Osttra, Baton and Partior expand FX settlement ecosystem with tokenised commercial bank funds

Partior’s digital cash settlement network has connected to Osttra and Baton Systems' on-demand FX payment-versus-payment (PvP) settlement service.

/wealth

Sidekick goes live with wealth platform for six-figure earners

Sidekick has launched a new UK digital wealth platform built to serve six-figure earners who’ve outgrown basic financial products but don’t have the millions needed to access private banks.

/payments

Pix adds recurring payments

Brazil's Pix instant payments platform has added a recurring payments feature.

/ai

Klarna opens hotline to CEO's AI avatar

Klarna has launched a hotline to an AI avatar of CEO Sebastian Siemiatkowski where consumers can provide conversational feedback on product features, issues and suggestions for improvements.

/inclusion

LemFi buys Pillar to expand credit services to immigrants

LemFi, a financial services platform for immigrant communities has acquired UK fintech Pillar to expand its credit services. Terms of the deal were not disclosed.

/retail

Shawbrook Bank owner Pollen Street eyes up takeover of Metro Bank

Shares in Metro Bank have continued to climb in early-morning trading after it emerged that the UK lender may have been lined up for a takeover by private equity firm Pollen Street Capital.

/payments

Sezzle files antitrust suit against Shopify

BNPL provider Sezzle has sued Shopify, alleging that the e-commerce marketplace has been stifling competition on its platform.

/crypto

Shopify, Coinbase, Stripe bring USDC stablecoin payments to merchants

Shopify is partnering with Coinbase and Stripe to allow merchants to process stablecoin payments for everyday commerce.

/markets

Offshore bank Aston granted banking license

Guernsey’s last locally-based bank ceased trading in 1996, making Bank Aston the first to be licensed by the Guernsey Financial Services Commission (GFSC) for almost thirty years.

/regulation

Crypto nears systemic risk 'tipping point' - FSB chair

Cryptocurrency could be nearing a point where it poses a system risk to the world's financial system, the outgoing chair of the Financial Stability Board has warned.

/payments

GrailPay raises $6.7 million for remedial ACH platform

GrailPay, a risk and data platform for bank payments, has secured $6.7 million in funding to expand its suite of tools that make ACH transactions safer and faster.