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/payments

Klarna takes on the high street through Adyen partnership

BNPL giant Klarna is stepping up its assault on bricks-and-mortar shopping, landing on Adyen in-store terminals across Europe, North America and Australia.

/payments

European Investment Bank lends Nexi €220m

The European Investment Bank (EIB) is lending Italian paytech giant Nexi Group €220 million to support digital payment innovation.

/payments

India's PayMate agrees $400m DigiAsia deal for Indonesian play

Indian business-to-business payments firm PayMate is plotting a move into Indonesian through the $400 million acquisition of a DigiAsia subsidiary.

/people

Caroline Ellison gets two-year prison sentence for part in FTX fraud

Caroline Ellison, the former girlfriend of FTX co-founder Sam Bankman-Fried, has been sentenced to two years in prison for her part in the crypto exchange's collapse.

/regulation

FCA proposes rules to protect customers when payment firms go bust

The UK's Financial Conduct Authority has proposed rules designed to better protect customers when payments and e-money firms go out of business.

/markets

Revolut bags investment from UAE sovereign fund

Challenger bank Revolut has seen its valuation rise to $45bn after Mubadala, the Abu Dhabi-based sovereign wealth fund acquired a stake in the company.

/crypto

Soc Gen strikes digital assets partnership

French bank Societe Generale has announced a collaboration with crypto custodian and broker Bitpanda designed to accelerate the adoption of digital assets.

/ai

Israeli regulator gives AI chatbot go-ahead to provide stock-picking advice

AI startup Bridgewise has been given the green light by Israeli regulators to launch a chatbot that gives advice on buying and selling stocks.

/payments

Klarna and Xero bring BNPL to small businesses

Klarna has joined forces with accountancy software provider Xero to enable small businesses to accept buy now, pay later payments.

/payments

US Justice Department sues Visa over debit card market monopoly

The US Justice Department has sued Visa, accusing the payments giant of illegally monopolising debit network markets.

/payments

HSBC calls for tech giants to help refund APP fraud victims

A senior HSBC executive is the latest banker to call for technology and social media firms to help foot the bill for compensating victims of Authorised Push Payment (APP) fraud.

/security

MoneyGram knocked out by cybersecurity issue

MoneyGram has blamed a "cybersecurity issue" for an outage that has left users unable to send money for several days.