FIS agrees sale of Worldpay for $18.5 billion
Stablecoin transaction value to exceed $187bn in 2028
Revolut launches in New Zealand
Adyen and Shopify partner
Lufthansa sells AirPlus
Volt raises USD 60 million
Blik trebles profits
FIS agrees sale of Worldpay for $18.5 billion
FIS has agreed the sale of majority stake in Worldpay at $18.5bn valuation. It will sell 45% of its Worldpay Merchant Solutions business to private equity funds managed by GTCR.
Stablecoin transaction value to exceed $187bn in 2028
Juniper Research has found that the value of payment transactions powered by stablecoins will exceed $187 billion globally by 2028, up from $53 billion in 2023. Stablecoins are making rapid progress in the cross-border market in particular, with them representing a key way to bypass slow, expensive and difficult-to-track existing cross‑border payment rails.
Revolut launches in New Zealand
Revolut has announced the launch of its services in New Zealand. Customer will be able to access instant and fee-free fx, P2P payments and split group bills.
Adyen and Shopify partner
Adyen and Shopify partner to power new payment capabilities for enterprise merchants. As a preferred enterprise payments partner for Shopify, Adyen will provide large-scale customers with payments functionality.
Lufthansa sells AirPlus
Lufthansa Group sells payment specialist AirPlus to SEB Kort. The purchase price amounts to around 450 million euros.
Volt raises USD 60 million
Volt raises USD 60 mln in Series B. The funds will be used to grow into new foreign markets such as APAC and the Americas, as well as to assist product development in Europe, the UK, and Brazil
Blik trebles profits
Blik trebles profits and expands to Romania and Slovakia. Total revenue grew 88% to €46.4m driven by markedly higher transactions across all channels. Net profit almost trebled to €23.93m.
ChatGPT has generated a lot of interest from across the business world, but what about its impact on payments? We hosted a great conversation with Matt Mills, Daniel Cronin and Tom Hay from Featurespace, Integrated Finance and PSE on their views on how it will affect payments industry. We touch on topics ranging from fraud and engineering and operations.
