/payments
The UK Financial Conduct Authority is inviting feedback on its previously-floated proposal to remove the £100 contactless limit on card payments.
14 March 2025
/sustainable
Irish bank AIB has raised €500 million from issuance from its seventh green bond, which will fund a environmental and climate action projects.
/regulation
The US Senate has voted to overturn a Consumer Financial Protection Bureau rule that would give the watchdog oversight of tech giants, such as Apple, Google and X, that offer digital payment apps and wallets.
13 March 2025
Amazon and Santander have launched a Visa credit card in Austria which rewards customers with cashbacks for shopping on Amazon and other sites.
/retail
Savings platform Flagstone has unveiled this week a 8m long, 4m tall sleeping giant, made up of fully recyclable materials and 2,000 fake bank notes.
Spain's CaixaBank has launched a service that helps its business clients verify their carbon footprint.
Less than two years after launching, Mexican digital bank Plata has joined the unicorn club off the back of a $160 million Series A funding round.
/security
Singapore authorities are warning businesses of a rise in scam video calls which use deepfake AI to impersonate business bosses with the aim of duping employees into transferring funds to criminal accounts.
/crypto
Abu Dhabi investment group MGX has invested $2 billion in stablecoin in crypto exchange Binance.
12 March 2025
Visa says that its newly-formed scam disruption practice prevented more than $350 million in attempted fraud in 2024.
The Reserve Bank of Australia has called for more clarity in planning for the decommissioning of the Bulk Electronic Clearing System (Becs), arguing that the industry is yet to arrive at a shared vision of the desired features of account-to-account payments in Australia and that there has been insufficient industry coordination, planning and certainty regarding the transition.
/startups
Mimo, a UK-based platform for simplifying global payments, cash flow, and financial management for SMBs and accountants, has raised $8.5 million in an equity round led by Project A and joined by Northzone and Seedcamp.
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