Аsia
Revolut Considers China Expansion Amid UK Regulatory Hurdles
Fintech News, Posted July 30, 2025
UK fintech giant Revolut is exploring a potential move into China, setting the stage for competition with domestic heavyweights such as Ant Financial’s Alipay and Tencent’s WeChat Pay.
According to a pitch deck shared with investors during a secondary share sale last year, the company is actively evaluating “hiring, licensing [and] scoping” opportunities in the Chinese market.
Mambu unveils upgraded Islamic banking capabilities to power the next generation of Shari’ah-based finance
Mambu, Posted July 28, 2025
Mambu, the composable core banking and payments platform, today announced the launch of its enhanced Islamic banking capabilities, designed to empower financial institutions to build, deploy, and scale Shari’ah-compliant products with speed, transparency, and confidence.
With assets expected to surpass $3.8 trillion by 2025, the Islamic banking sector is primed for scale. Yet many banks across the Middle East and Africa (MEA) and Asia-Pacific (APAC) are operating on infrastructure that simply can’t support the demands of today’s customers, or the pace of change in financial services. Mambu’s latest advancements provide a future-ready foundation for ethical finance, enabling banks to meet growing customer expectations and regulatory requirements while staying true to Islamic principles.
India’s digital payment boom drives financial inclusion at scale
IBS Intelligence, Posted July 29, 2025
India’s digital payments ecosystem has recorded over 65,000 crore digital transactions amounting to more than $13,813 billion between FY2019-20 and FY2024-25. This surge reflects the country’s unwavering push to democratise financial services through digital rails, particularly across semi-urban and rural geographies.
According to official data shared in Parliament by Minister of State for Finance, Shri Pankaj Chaudhary, this explosive growth underscores the Government’s strategic collaboration with the Reserve Bank of India (RBI), National Payments Corporation of India (NPCI), FinTechs, banks, and state authorities to drive adoption and infrastructure development at scale.
dLocal and RizRemit boost remittances in Africa, Asia
IBS Intelligence, Posted July 28, 2025
dLocal, a cross-border payments platform, has partnered with digital remittance provider RizRemit to enhance and scale payout operations across key markets in Africa and Asia.
This milestone collaboration marks a significant step toward simplifying remittance delivery, improving speed, and expanding access through next-generation local payment infrastructure.
Under this partnership, RizRemit has integrated with dLocal’s single API platform to unlock seamless access to local payment ecosystems. This includes real-time connectivity to widely adopted eWallets such as OPay in Nigeria, JazzCash, and EasyPaisa in Pakistan, as well as traditional bank rails. The solution empowers RizRemit to deliver funds through channels that are both familiar and trusted by end users, helping to accelerate settlement times while minimising back-end complexity.
Europe
Monese expands access to zero-interest Income Advance
Fintech Gobal, Posted July 31, 2025
Monese has introduced its Income Advance service, a move aimed at helping customers manage their finances more effectively during tough economic conditions.
This development comes on the heels of its acquisition by fellow FinTech platform Pockit in Q4 2024.
The new product mirrors Pockit’s own Income Advance service, which has already seen widespread success. More than £12m has been distributed across 185,000 loans in just 15 months.
Mambu taps Validata’s AI tech to modernise financial services
IBS Intelligence, Posted July 30, 2025
Mambu, a cloud-native core banking platform, has partnered with Validata Group, an AI-powered quality engineering and test automation firm, to accelerate digital transformation across the global financial services industry.
This collaboration brings together Mambu’s composable, agile banking platform with Validata’s intelligent, cloud-native automation suite, enabling financial institutions to modernise core systems, reduce implementation risks, and deliver faster, more resilient innovation. The partnership is designed to support banks and FinTechs as they transition to next-generation, customer-centric infrastructure without disrupting critical business operations.
USA
JPMorgan Chase Nears a Deal to Take Over Apple’s Credit-Card Program
CNBC, Posted July 29, 2025
JPMorgan Chase, already the largest credit card issuer in the U.S., is nearing a deal to take over the Apple Card portfolio from Goldman Sachs, people familiar with the matter told CNBC.
The banks declined to comment to CNBC. Apple did not immediately respond to CNBC’s request for comment.
Negotiations between JPMorgan and Apple have progressed as earlier contenders for the card including American Express, Synchrony and Barclays have fallen to the side, said the people, who declined to be identified speaking about the agreement.
Flex Becomes First FinTech to Launch Visa Infinite Business Credit Card
Fintech Finance News, Posted July 28, 2025
Flex Visa Infinite Business card has officially launched, marking a major upgrade for business credit. This Flex business credit card comes with elite Visa Infinite benefits. It replaces Flex’s old Mastercard version with better rewards, travel benefits, and flexible payment options for growing businesses.
This new offering replaces Flex’s previous commercial Mastercard product and represents a complete reimagining of Flex’s card experience. The new card offers higher-tier benefits, the same flexible repayment options, and an upgraded set of travel, insurance, and lifestyle perks. Existing cardholders will be transitioned to the new Visa Infinite Business platform, bringing with them enhanced rewards and protections designed for growing businesses.
Revolut weighs buying US bank to get licence
Financial Times, Posted July 30, 2025
Revolut is weighing buying a US lender in a bid to get an American banking licence rapidly, as the UK’s biggest fintech continues its wait to clinch a similar accreditation in its home country. The fintech was considering acquiring a nationally chartered bank in a move that would allow it to lend in the US, two people familiar with the matter told the Financial Times.
The people said an acquisition would allow Revolut to expand in the US more quickly than if it were to apply for a banking charter by itself, and that it would potentially target a cheap bank that already holds a national licence.
PayPal Drives Crypto Payments into the Mainstream, Reducing Costs and Expanding Global Commerce
PayPal, Posted July 28, 2025
Businesses around the world lose billions annually in cross border fees while navigating a complex banking system to make and accept payments. Today, PayPal is simplifying cross-border commerce for merchants by connecting an unmatched combination of cryptocurrencies, digital wallets, and merchants worldwide, while simultaneously reducing transaction fees by up to 90%.
Equifax partners with Qlarifi to assess BNPL’s impact on credit risk
IBS Intelligence, Posted July 31, 2025
Equifax has partnered with Qlarifi, to initiate a study examining the impact of real-time BNPL reporting on credit risk assessment and fraud prevention.
As BNPL continues to reshape the consumer credit landscape with more than 50% of U.S. consumers now utilising these services and 35% planning to increase their use in 2025, Equifax and Qlarifi are advancing an industry-first initiative to measure how dynamic BNPL data can enhance financial decisioning. This joint study represents the first U.S.-based group research effort to leverage real-time data from multiple BNPL providers, setting a new benchmark in how lenders assess consumer behaviour and manage emerging risks.
LatAm
Boku Gets OK to Offer Pix Automático Services in Brazil
IBS Intelligence, Posted June 31, 2025
Boku, a local payment solutions provider, has received Payment Institution authorisation from the Central Bank of Brazil (BCB) to support Latin America’s fast-evolving digital economy.
The licence empowers Boku to operate as both a Payment Initiator and E-money Issuer, enabling the company to actively participate in Brazil’s Open Finance framework and offer advanced Pix-based capabilities, including Pix Automático, by early 2026.
Bitgo Establishes Official Presence In Brazil To Offer Crypto Custody And Digital Treasury Services To Financial Institutions
Tech Dogs, Posted July 30, 2025
BitGo, a leading digital asset infrastructure company, today announces the operations launch of BitGo Brasil Tecnologia Ltda., its Brazilian subsidiary established to reinforce the company’s commitment to international expansion and alignment with upcoming regulations for virtual asset service providers.
With over a decade of experience in custody solutions, products, and services for digital assets, BitGo believes that ongoing discussions in Brazil are moving toward requiring local management of cryptographic keys, a capability the company is already prepared to deliver. By establishing a local presence, BitGo aims to ensure compliance, security, and sovereignty in providing services to financial institutions such as banks, brokerages, and asset managers.
EBANX taps Yape to streamline payments for global merchants
IBS Intelligence, Posted July 29, 2025
EBANX, a FinTech company, has partnered with Yape, a digital wallet app, to launch a direct integration for cross-border transactions.
This first-of-its-kind integration empowers global e-commerce merchants to seamlessly offer Peruvian consumers access to recurring, on-file, and one-click payment experiences supported either through Yape wallet balances or linked cards. By eliminating friction and increasing approval rates, the collaboration is poised to enhance payment performance and unlock new revenue streams for cross-border merchants operating in one of Latin America’s fastest-growing digital economies.
