Аsia
PayNet, Alipay+ and Weixin Pay expand QR payments for tourists in Malaysia
IIBS Intelligence, Posted July 11, 2025
Payments Network Malaysia (PayNet) has partnered with Asian payment providers Alipay+ and Weixin Pay to boost Chinese and regional tourist spending across Malaysia.
Launched as the peak summer travel season begins, the initiative is expected to expand the reach of Malaysia’s DuitNow QR payment ecosystem and make transactions for visitors significantly more convenient.
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DIB Leads USD 1 Billion Islamic Finance Facility For Pakistan
Asia Business Outlook, Posted July 10, 2025
Dubai Islamic Bank (DIB) has successfully arranged a USD 1 billion syndicated term finance facility for the Government of Pakistan (GoP), marking a significant transaction in regional Islamic finance. The facility, backed by leading Gulf-based Islamic lenders, is structured to support Pakistan’s financing needs under Shari’ah-compliant terms.
DIB acted as the lead arranger, overseeing syndication and arranging participation by several Islamic financial institutions within the region. The facility is likely to offer long-term funding for Pakistan’s development and infrastructure needs.
Credit Wise Capital raises $24m to expand retail and MSME lending in India
IBS Intelligence, Posted July 8, 2025
Credit Wise Capital, a Mumbai-based NBFC specialising in two-wheeler and MSME lending, has secured an investment of approximately $14.5 million (₹120 crore) from Trident Growth Partners, a private capital firm focused on India’s consumption-driven growth.
This investment marks Credit Wise Capital’s first institutional round. It will significantly support the company’s expansion in two-wheeler financing, secured loans, and proprietary credit enablement solutions across India’s underserved Tier 2–4 cities. The funding will also support the company’s long-term ambition to become a category-defining credit institution across emerging India, with a sharp focus on affordability and tech-led efficiency in credit delivery.
Revolut Establishes New Global Tech Hub in Manila, Philippines
Fintech News Philippines, Posted July 9, 2025
Revolut officially launched a new Global Tech Hub in Manila, Philippines, on 9 July 2025, aiming to enhance Revolut’s global capabilities and accelerate innovation.
The establishment of the Manila hub reinforces Revolut’s commitment to the Southeast Asian region and integrates the Philippines into its global growth strategy.
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MAS Takes Regulatory Actions against 9 Financial Institutions for AML-Related Breaches
MAS, Posted July 4, 2025
The Monetary Authority of Singapore (MAS) announced today its regulatory actions against nine financial institutions (FIs) and a number of individuals for anti-money laundering related breaches. MAS has completed its supervisory examinations against pertinent FIs with nexus to persons of interest (POIs) in the major money laundering (ML) case of August 2023, and their employees who fell short of MAS’ Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) requirements. The present suite of actions marks the conclusion of MAS’ enforcement actions against FIs with material nexus to the major ML case.
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Europe
UK Fines Monzo £21 Million Over Anti-Money Laundering Lapses
Bloomberg, Posted July 8, 2025
The UK’s Financial Conduct Authority fined Monzo Bank Ltd. £21 million ($29 million) over failures tied to the digital lender’s systems for stopping financial crime.
Between 2018 and 2022 — a period during which Monzo’s customer base soared roughly tenfold to 5.8 million users — the watchdog found that Monzo did not obtain sufficient information about customers during the onboarding process, the FCA said in a statement.
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Treasury and Payments Platform Finmo Secures UK EMI Licence, Expands Global Footprint
Finmo, Posted July 8, 2025
Fast-growing fintech company Finmo has received approval from the UK Financial Conduct Authority (FCA) to operate as an Authorised Electronic Money Institution (EMI). This strategic milestone marks a major step in Finmo’s global expansion as it establishes the United Kingdom as a core operational hub for its next-generation, integrated treasury and payments platform.
With the EMI licence, Finmo is now authorised to issue electronic money and offer a range of payment services in the UK, including account issuance, domestic and cross-border fund transfers, and foreign exchange transactions. The licence also enables Finmo to issue IBANs, hold safeguarded client funds locally, and integrate directly with UK clearing systems such as Faster Payments and Clearing House Automated Payment System.
Europe’s public sector faces critical cybersecurity weaknesses
IBS Intelligence, Posted July 11, 2025
A significant majority of European Union government institutions remain highly exposed to cyber threats, with widespread weaknesses in fundamental security practices continuing to put sensitive data, public trust and national infrastructure at risk.
In an era where threat actors are growing increasingly sophisticated and emboldened, these systemic shortcomings underline the urgent need for stronger cybersecurity postures across Europe’s public sector.
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Tech secretary announces new tools to help FinTechs navigate complex regulation
National Technology News, Posted July 3, 2025
Peter Kyle, the secretary of state for science, innovation and technology, has announced plans for new tools designed to help FinTechs navigate the complex regulatory landscape.
The government’s Regulatory Innovation Office (RIO) is partnering with the Digital Regulation Cooperation Forum (DRCF) to develop the new tools, which will include evaluating a unified digital library for ‘one stop’ access to digital policy and regulations.
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Mastercard and Pay4You Partner to Enhance Tail Spend Management for Corporations
IMastercard, Posted July 7, 2025
Mastercard and Pay4You, a self-service payment portal, have announced a new partnership to deliver a comprehensive tail spend management solution for corporations across Europe.
This collaboration leverages Mastercard’s Virtual Card Network (VCN) technology, and guarantees card acceptance, providing a seamless and efficient way for corporations to manage their tail spend.
Tail spend refers to the portion of a company’s expenditures that are not actively managed by procurement. It typically accounts for 20% of a company’s total spend, including high-volume, low-value transactions that are often overlooked but can represent a significant portion of the total number of transactions.
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USA
Now Live: Apple Pay for Instant MoonPay Balance Top-Ups
IBS MoonPay, Posted July 8, 2025025
At MoonPay, we’re always looking for ways to make your crypto experience faster, simpler, and more flexible. Today, we’re thrilled to introduce a powerful new way to top up your MoonPay Balance: Apple Pay – one of the most trusted and widely used payment methods in the world.
Whether you’re reacting to market momentum or just looking for a seamless way to fund your wallet, Apple Pay delivers the speed and security you need, with no manual card entry or extra steps.
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American Fintech Council Files Amicus Brief in Support of CFPB’s Final Rule on Consumer Data Rights
Fintech Council, Posted July 7, 2025
The American Fintech Council (AFC), the premier industry association representing both responsible fintech companies and innovative banks, filed an amicus brief in Forcht Bank, N.A. et. al. v. Consumer Financial Protection Bureau, et. al., a case that ensures consumers’ ability to access and control their financial data and protect their rights under Section 1033 of the Dodd-Frank Act, also known as the Personal Financial Data Rights or Open Banking rule. The brief urges the U.S. District Court for the Eastern District of Kentucky to uphold the rule as a lawful, necessary framework for a secure and consumer-centered open banking system. The amicus supports the recently filed motion for summary judgement by the Financial Technology Association, an intervenor in the case that is now defending the rule in court.
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LatAm
Paysend taps TelevisaUnivision to boost financial access in America
IBS Intelligence, Posted July 10, 2025
Paysend, a FinTech firm, has partnered with TelevisaUnivision, a Spanish-language media network, aimed at deepening financial inclusion across Latin America and the Caribbean.
Through this partnership, Paysend has launched Break Barriers, a campaign that highlights the real stories of people who rely on cross-border payments every day, from construction workers and small business owners to families sending support across borders. The initiative forms part of Paysend’s broader mission to offer simple, secure and affordable money transfers, particularly to underserved and underbanked communities.
Paysafe expands in Peru with new PagoEfectivo digital wallet
Investing, Posted July 9, 2025
LIMA – Paysafe (NYSE:PSFE), a $811 million market cap payment solutions provider with annual revenue of $1.69 billion, announced Wednesday the expansion of its PagoEfectivo brand in Peru with the launch of a new digital wallet, marking the company’s first such offering in Latin America.
The PagoEfectivo wallet will allow users to load funds, make online purchases, receive instant payouts from participating merchants, transfer money peer-to-peer, and make payments using a code system.
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Emerging markets to power the next digital payments boom, study shows
IBS Intelligence, Posted July 9, 2025
A strategic guide helps global businesses decode fragmented markets and capitalise on the digital payment surge across Africa, Asia, and Latin America.
A new industry handbook offers international businesses a timely roadmap to navigate the rapidly evolving payments landscape across the Global South. The 2025 edition of the Emerging Markets Payments Handbook offers international businesses a timely roadmap to navigate the rapidly evolving payments landscape across the Global South. The 2025 edition of the report, published by cross-border payments platform dLocal, delivers data-rich insights and market intelligence for companies looking to scale in the world’s most dynamic and fragmented economies.
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