ACCEPTANCE & PROCESSING

• Consumers can now create an iDEAL account, enabling quicker completion of online transactions
• Adyen and UNICEF forge global partnership. The partnership will utilise Adyen to facilitate efficient fundraising on a large scale.
• 75% of FIs are struggling to take advantage of new payment offerings and stronger cybersecurity because their core systems haven’t been modernised, according to Endava.
• URBN partners with Stripe to power online and in-person retail payments. Stripe becomes the primary payments infrastructure for URBN brands including Urban Outfitters, Anthropologie Group, Free People, and FP Movement

BNPL

• Klarna to launch its credit card in the US. Users can earn up to 10% cash back on selected merchants when using the card in its app
• Juniper Research found that by 2028, the BNPL userbase will increase by 107%, from 380 million users in 2024. Banks and superapps are leveraging their positions to underrepresented demographics; incentivising BNPL through consolidated offerings tailored to consumers, such as integrated eCommerce platforms.

CORPORATE ACTIVITY

• TokenEx is merging with IXOPAY, converging tokenisation and orchestration. The combined company will be called IXOPAY, a TokenEx Company
• Stripe secures USD 694 million in tender offer it had announced in February, when it agreed to let employees sell some of their shares in a deal that valued the fintech giant at $65 billion.
• Danish POS provider Flatpay raises €45 million led by Dawn Capital with participation from Copenhagen’s Seed Capital. 
• Revolut valuation raised 45% by investor, Schroders Capital Global Innovation Trust.

REGULATION (UK)

• UK moves to experimentation phase of Regulated Liability Network. The UK RLN is envisaged as a common ‘platform for innovation’ across multiple forms of money, including existing commercial bank deposits and a shared ledger for tokenised commercial bank deposits. Use cases include payment upon delivery, buying a home, bond settlements.