News Round-ups

People are using more cash

SoftPOS user base to grow 475% globally

Nuri has filed for insolvency

Card spending grew 7.7% in July

Amazon have expanded biometric payment

BNPL users set to reach 900mn globally

Scotiabank launches digital payments platform

Yapily rolls out virtual accounts

Wise and Plaid announce Open Finance partnership

Global Payments to acquire EVO for $4bn

Rev acquires Netspend for $1bn

Amex launches cross border solution

BlackRock partners with Coinbase

Amazon offers Q-Commerce from local retail stores

Meta to shut down Live Shopping

Uber launches driver debit card

Yapily signs first VRP client

Attentive launches text-to-buy with Shopify

Klarna announces new Loyalty Card feature

Virgin Money enters BNPL market

Amazon launches seller wallet

Plaid and GoCardless launch VRP offering

Truelayer supports instant payments

Gemini customers can buy crypto via Open Banking

Moscow extends Face Pay to transport systems across the city

Tokenised payments to exceed 1tn by 2026.

Instagram adds payments in chat.

40% of eCommerce businesses to open stores.

YouTube launches YouTube Shopping.

Starling Bank announces first year of profitability.

Google launches new Wallet in 39 countries.

Lawsuit launched against Apple Pay.

Google to cut fees for app developers from 15% to 12%.

Adyen launches Tap-To-Pay for iPhones

Zip terminates $491mn Sezzle merger

Deutsche Bank develops white-label BNPL

Stripe reduces valuation by 28%

Monzo narrows losses to £119mn

STEP2 allows real-time settlement of SEPA

Plaid opens network to crypto exchanges

Consumers demand contactless payments for transit

Revolut launches mPOS terminal

Nexi and Alpha Bank create Nexi Payments Greece

PayPoint offers next day settlement

Subscriptions account for 36% of revenue

35% of French shoppers abandon online carts due to complex purchase journey

CMA opens investigation into Amazon’s marketplace practices