Аsia
Flipkart secures NBFC license, becomes first eCommerce lender in India
IBS Intelligence, Posted June 6, 2025
Flipkart has received an NBFC licence from the Reserve Bank of India (RBI), making it the first Indian eCommerce player to gain regulatory approval for direct lending.
The RBI’s nod, granted to Flipkart’s wholly-owned subsidiary—Flipkart Financial Services—marks a strategic pivot for the Walmart-backed retail giant as it enters the FinTech space with greater autonomy. The licence allows Flipkart to offer credit directly to customers and sellers on its platform, without relying on third-party financial institutions.
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Wise gets RBI nod for cross-border payment aggregation in India
IBS Intelligence, Posted June 5, 2025
Global FinTech Wise has received in-principle approval from the Reserve Bank of India (RBI) to operate as a Payment Aggregator – Cross Border for export transactions.
The approval marks a significant step in Wise’s deepening commitment to India’s fast-growing cross-border payments landscape. It bolsters Wise’s capabilities in supporting India’s burgeoning export economy—particularly for freelancers and SMEs—by allowing the company to offer higher transaction limits and greater efficiency in receiving payments from overseas clients.
Spense bags $1.85m to help banks scale secured credit cards in India
IBS Intelligence, Posted June 2, 2025
Bengaluru-based FinTech startup Spense has secured $1.85 million in a pre-seed funding round led by GrowthCap Ventures, with participation from notable industry leaders.
Founded by Pawan Kumar and Srinivas Krishnamurthy, Spense is building programmable, compliant, and scalable financial infrastructure aimed at powering India’s next wave of banking innovation, particularly across secured card infrastructure, forex, and prepaid card products.
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Europe
HSBC backs Token.io to scale Pay by Bank across Europe
IBS Intelligence, Posted June 5, 2025
Token.io, the European FinTech specialising in account-to-account (A2A) payment infrastructure, has announced a strategic investment from HSBC. The announcement, made at Money20/20 Europe, solidifies a partnership that began in 2019, when Token.io first began powering HSBC’s Open Payments solution. It enabled customers to initiate direct bank payments securely via third-party platforms. “We are excited to deepen our partnership with HSBC as we embark on this collaboration,” said Todd Clyde, CEO of Token.io. “This investment will not only accelerate Token.io’s growth and innovation, but it will also advance our shared vision of making Pay by Bank a mainstream payment method, delivering benefits for HSBC’s customers across the region.”
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Klarna unveils flexible Visa debit card with pay later option
IBS Intelligence, Posted June 5, 2025
Klarna is testing a new debit card in the US that works like cash—until it doesn’t. Powered by Visa’s Flexible Credential technology, the Klarna Card enables users to switch between paying now or later, transforming the buy now, pay later (BNPL) model into a feature that can be carried in your wallet.
Announced at Money20/20 Europe, the card is Klarna’s boldest step yet in its push to become a full-spectrum, everyday payments solution. Issued by WebBank and linked to an FDIC-insured wallet, the card integrates Klarna’s Pay in 4 and Pay Later tools, enabling flexible payments at over 150 million Visa-accepting merchants worldwide.
Deutsche Bank and Mastercard partner to power merchant solutions with open banking payments
Mastercard , Posted June 3, 2025
Deutsche Bank and Mastercard are proud to announce a strategic partnership designed to accelerate the evolution of open banking and redefine the payment experience for merchants and consumers across Europe.
The collaboration will elevate Deutsche Bank’s Merchant Solutions offering, particularly its Request to Pay (R2P) service, by introducing new levels of choice, flexibility, and efficiency with account-to-account based payments on Mastercard’s trusted open banking network.
With open banking and account-to-account (A2A) payments rapidly gaining momentum across Europe this partnership positions Deutsche Bank and Mastercard at the forefront of payment innovation enabling merchants to offer “Pay by Bank” functionality through Deutsche Bank’s Merchant Solutions.
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FinTech IPO Index Starts June Up 0.8% as Robinhood Surges on UK Expansion
PYMNTS, Posted June 6, 2025
The first few trading days of the last month of the quarter marked a muted but positive start for the FinTech IPO Index, which tacked on 0.8% through the past five days.
Robinhood’s browser-based desktop trading platform is now available to customers in the United Kingdom. First introduced last year, Robinhood Legend is designed for active traders and is available at no added cost to anyone with a Robinhood account.
Robinhood launched Legend in the United States in October as part of a wider slate of new products. The company debuted Robinhood Strategies, a wealth management service aimed at its less wealthyclients, in March. At the same time, the company introduced Robinhood Banking, a banking platform featuring checking and savings accounts. Robinhood’s stock gathered 13.4%.
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FinTech Scotland, Posted June 3, 2025
FinTech Scotland unveiled today the latest innovation programme in collaboration with TSB Labs at Money20/20, Europe’s largest fintech conference.
TSB Labs, the award-winning fintech accelerator, is once again partnering with FinTech Scotland to identify, support and scale innovative solutions tackling some of the most urgent challenges in banking. This year, the focus is on preventing one of the nation’s most prevalent crimes – fraud, while delivering a seamless customer journey.
The programme builds on the success of previous cohorts, which resulted in several pilot projects as well as being recognised at the Scottish Financial Technology Awards for Best Financial Services Innovation..
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USA
QIB and Visa partner to streamline cross-border B2B transfers
IBS Intelligence, Posted June 4, 2025
Qatar Islamic Bank (QIB) has entered a strategic partnership with Visa to enable faster and more secure cross-border business-to-business (B2B) payments to over 120 countries. Through the integration of the Visa B2B Connect platform, QIB aims to streamline outbound international transfers for corporate clients.
Visa B2B Connect is a non-card-based payment network designed to facilitate direct, account-to-account international transfers. Its adoption by QIB will allow businesses in Qatar to conduct cross-border transactions with greater transparency, security, and efficiency, enhancing operational continuity in an increasingly interconnected global economy.
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The Future of Bank Compliance? There’s an AI Agent for That
PYMNTS, Posted June 5, 2025
Against a backdrop of rising financial complexity, ballooning regulatory risk and exploding customer expectations, trimming compliance bloat has become a new battleground for innovation.
“The last 20 years of compliance has been broadly building systems that help you identify risks,” Greenlite AI CEO Will Lawrence said during a conversation with PYMNTS CEO Karen Webster. “What happens when it goes wrong? That’s when a human gets involved. It’s a very labor-intensive and operationally intensive process.”
A study cited by Lawrence alleged that up to 85% of what compliance investigators do is non-analytical work, such as document processing, form-filling and internal follow-ups.
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PayPal Adds Physical Credit Card for In-Store BNPL
PayPal, Posted June 3, 2025
Today, PayPal announced that PayPal Credit can now be used everywhere with the introduction of a new physical card, issued by Synchrony (NYSE: SYF). This expands its popular digital PayPal Credit offering to use both online when checking out with PayPal and in-store and everywhere Mastercard® is accepted.
When using the new physical card, customers will also have access to a limited-time offer to pay for travel purchases over six months with promotional financing and no minimum spend1. This gives account holders a more manageable way to pay for qualifying travel purchases like flights, hotels, cruises, and ride shares, which can be spread over time to best suit their budget and needs.
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California AB 1052 Targets Idle Crypto as Unclaimed Property After 3 Years
Crypto Rank, Posted June 3, 2025
California’s State Assembly has given its approval to a new bill, Assembly Bill 1052, that could significantly change how digital assets are treated under the state’s unclaimed property laws. The bill passed with a strong 78–0 vote on June 3.
If it becomes law, AB 1052 seeks to classify idle cryptocurrency held on exchanges as unclaimed property if it’s left untouched for more than three years. Importantly, the bill would then give the state authority to take custody of these assets while keeping them in their original crypto form.
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Apiture Introduces Fintech Connector to Accelerate Innovation for Community Banks and Credit Unions
Apiture, Posted June 5, 2025
Apiture, a leading provider of digital banking solutions, today announced the launch of Fintech Connector, enabling fintech partners to rapidly integrate their solutions with the Apiture Digital Banking Platform, without the need for custom integrations.
In today’s dynamic banking landscape, financial institutions are looking to harness fintech innovation to meet the evolving expectations of their account holders. With Fintech Connector, fintech partners can integrate directly with the Apiture Consumer Banking and Business Banking solutions, enabling Apiture clients to select and deploy new services that align with the needs of their account holders and their institution’s strategy. Likewise, Fintech Connector empowers financial institutions to deploy features they’ve built in-house directly into the Apiture Digital Banking Platform.
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LatAm
Argentina’s banks and fintechs launch intelligence network to exchange information on fraud
Ventas de Seguridad, Posted June 3, 2025
Galicia, Naranja X and Santander announced today the creation of BioCatch Trust Argentina, the first intelligent interbank network for the exchange of real-time information on fraud and scams in the Western Hemisphere. The network relies on behavioral data and devices, with the goal of protecting customers from financial crimes.
BioCatch Trust uses more than 3,000 user behavior indicators, such as keyboard activity, touchscreen usage, and swipe pressure, to assess in real-time the trustworthiness of accounts receiving transfers and payments. If it detects suspicious behavior on a receiving account, it shares this information with the bank issuing the transaction, allowing the transaction to be suspended and investigated before the withdrawal is complete.
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Mercado Pago to apply for a License to build the Largest Digital Bank in Argentina
Mercado, Posted May 28, 2025
Mercado Pago will apply for a banking license from the Central Bank of Argentina to expand its service offering within its 100% digital model. This decision is part of a regional strategy already underway in countries such as Brazil and Mexico.
“We are building the largest digital bank in Latin America. In a region that still faces challenges in accessing quality services, we want to change the way users interact with the financial system with a digital bank where everyone wins,” said Juan Martín de la Serna, President of Mercado Libre Argentina.
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Brazil’s Pix set for next leap with launch of recurring payments
Reuters, Posted June 4, 2025
Brazil’s wildly popular instant payment system Pix is poised for another leap with the launch of a new recurring payments feature this month, central bank officials said on Wednesday.
Since its launch in late 2020, Pix has rapidly become the leading payment method in Latin America’s largest economy, surpassing cash as well as debit and credit cards. Last year it handled more than 26 trillion reais ($4.61 trillion) in transactions.
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