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/people

BofE seeks industry players to join new Retail Payments Infrastructure Board

The Bank of England is asking senior figures from banks, fintechs and merchants to throw their hats into the ring to join the new Retail Payments Infrastructure Board (RPIB).

/ai

Alipay's agentic AI tech goes live with coffee ordering app Luckin

Singaporean mobile coffee ordering app Luckin Coffee has integrated with Alipay's AI agent for agentic ordering and payments via a conversational interface.

/payments

UK public sector 'not at all familiar' with blockchain

Public servants in the UK are largely unfamiliar with blockchain technology and see little use for it in the current financial system, suggests a recently published survey.

/markets

WFE issues warning about 24/7 trading

Securities market participants will have to make a number of changes to their operations if they are to handle a move to 24/7 trading.

/payments

Paytently and Mastercard team on open banking payments

Payments orchestration platform Paytently has unveiled an open banking-based account-to-account payment service built on Mastercard technology.

/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.

/ai

Citi and US Bank customers get first access to Mastercard Agent Pay

Citi and US Bank customers will be the first to get access to Mastercard's agentic payments technology ahead of a global rollout.

/markets

Robinhood takes on WallStreetBets with social platform

Trading app Robinhood is bidding to usurp the likes of Reddit and X as the place to be for users to post about their trades, takes and market commentary.

/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.

/wealth

Scalable Capital is now a bank

Digital wealth management platform and online broker Scalable Capital has been granted authorisation by the ECB to conduct deposit and lending business as a fully-fledged bank.

/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.

/payments

Klarna goes to market with elevated price tag

BNPL giant Klarna has priced its IPO at $40.00 per share, providing an elevated valuation of $15 billion.