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Klarna to sell $26bn of US BNPL loans

/payments

Klarna to sell $26bn of US BNPL loans

Klarna has agreed to sell up to $26 billion of US buy now, pay later loans to student loan giant Nelnet.

Monzo to offer customers mobile plans

/retail

Monzo to offer customers mobile plans

UK digital bank Monzo is set to become the latest European fintech to offer customers mobile phone plans.

Blueacorn co-founder pleads guilty to PPP fraud scheme

/crime

Blueacorn co-founder pleads guilty to PPP fraud scheme

Since the CARES Act was enacted in March 2020, 200 defendants in more than 130 criminal cases have been prosecuted and over $78 million in cash proceeds derived from fraudulently obtained PPP funds have been seized, in addition to several real estate properties and luxury items purchased with the proceeds.

Bullish shares more than double in NYSE debut

/crypto

Bullish shares more than double in NYSE debut

Investor confidence in the cryptocurrency sector was punctuated after Bullish was valued at $13.16 billion last week, setting the pace for other digital asset firms looking to list in the US.

Visa expands Click to Pay across Apac

/payments

Visa expands Click to Pay across Apac

Visa is expanding its Click to Pay online checkout service across Asia Pacific through partnerships with C2P, Adyen, AsiaPay, and Worldpay.

RBC and BMO explore $2bn sale of Moneris payments business - Reuters

/payments

RBC and BMO explore $2bn sale of Moneris payments business - Reuters

Royal Bank of Canada and Bank of Montreal are looking to offload payments processing joint venture Moneris for up to $2 billion, according to Reuters.

N26 investors bid to oust co-CEOs after watchdog's criticism

/regulation

N26 investors bid to oust co-CEOs after watchdog's criticism

Investors in N26 are working to remove the German digital bank's founders as co-chief executives after regulator BaFin once again identified risk management failings at the fintech, according to the Financial Times.

Citi explores stablecoin payments

/crypto

Citi explores stablecoin payments

The law passed by Congress in the US has opened up the potential of crypto payments, spurring Citigroup to explore custody and payment services for stablecoin.

Klarna reports Q2 losses amid US expansion plans

/markets

Klarna reports Q2 losses amid US expansion plans

Swedish buy now pay later (BNPL) platform Klarna prepares for its New York listing, despite reporting a net loss in Q2.

PayPal and Coinbase invest in crypto firm Mesh

/crypto

PayPal and Coinbase invest in crypto firm Mesh

PayPal Ventures and Coinbase Ventures have invested in Mesh, bringing the crypto payments network's total funding to more than $130 million.

Fintech CEOs call on Trump to block banks from imposing 'account access' fees

/regulation

Fintech CEOs call on Trump to block banks from imposing 'account access' fees

The CEOs of more than 80 firms in the open banking sphere have written to President Donald Trump calling on him to prevent banks from charging fees to access consumer data.

Adyen shares plunge as tariffs hit revenues

/payments

Adyen shares plunge as tariffs hit revenues

Shares in Adyen tumbled on Thursday after the Dutch payments processor cut its annual revenue forecast, citing the impact of US tariffs.

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