Monzo Introduces Payment Reversal Option
Monzo customers may now have up to a minute to decide whether they want a transaction to proceed, thanks to the new payment reversal feature.
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Perplexity Selects PayPal for AI-Powered Payments Within Its Agentic Commerce System
Perplexity and PayPal will allow AI agents on the Perplexity Pro platform to pay for products, travel bookings, or tickets requested by users.
Robinhood to Buy WonderFi
United States-based financial company Robinhood is buying WonderFi, the Canadian crypto operator of Bitbuy and Coinsquare.
Citi Predicts Stablecoin Market to Hit $3.7 Trillion by 2030
Citi predicts that the financial volume of the stablecoins market could reach $3.7 trillion by the end of the current decade.
Stash to Add AI to Financial Guidance Platform
Stash has secured $146 million in a Series H funding round to deepen its investment in artificial intelligence for the company’s financial guidance platform.
Google Says Gemma AI Model Surpasses 150 Million Downloads
Google reported that its Gemma open-source artificial intelligence model has been downloaded by users more than 150 million times.
Perplexity AI Reportedly Plans to Launch Browser
The media published information according to which Perplexity AI, which is gradually becoming an increasingly powerful player in the global artificial intelligence industry, is currently in preliminary negotiations on raising investments worth $500 million at a valuation of $14 billion.
Dubai to Enable Crypto Payments for Government Services
Dubai Finance and Crypto.com partner to allow UAE citizens to pay for government services with crypto.
Adyen to Offer JCB Card-on-File Tokenization
Merchants who use Adyen platform will soon benefit from even more secure credit card transactions with JCB Card-on-File (COF) Tokenization technology.
How Open Banking Progresses With API-Based Commercial Variable Recurring Payments (CVRPs)
E-commerce subscriptions are doubling every year, with Gen Z driving its snowballing popularity. Where there’s demand for subscriptions, there’s also a need for efficiency in recurring payments. CVRPs are getting significant interest share from merchants and payment service providers, making them a potential new stage in open banking progress.
Virtual Card Payments Go Mainstream in U.S.
Not only do Gen Z and millennials in the U.S. embrace virtual cards, but also older age cohorts resort to this innovative payment method if providers manage to raise proper awareness.
Byline Bank Expands Payments and Fintech Banking Group
Byline Bank on Monday, May 12, announced the expansion of the Payments and Fintech Banking division.
Saudi Arabia Launches New AI Company
Saudi Arabia has launched a company to invest across the artificial intelligence value chain.
Alipay Launches Voice Call to Boost Financial Security
Alipay has launched a voice call feature that allows consumers to double-check their real identity before making fund transfers.
NymCard Launches Open Finance Services
NymCard, the leading embedded finance platform in the MENA region (Middle East and North Africa), has announced that it has been officially licensed to provide Open Finance services to consumers.
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