Royal Bank of Canada (RBC) has acquired Toronto-based mortgage technology provider Pinch Financial in a move aimed at strengthening the bank’s digital mortgage capabilities and simplifying the home-buying process for Canadian borrowers. Financial terms of the deal were not disclosed.
Bank of America and Zelle have launched a pilot initiative aimed at accelerating the delivery of charitable donations to nonprofit organizations by using instant payment technology. The initiative explores how real-time digital transfers can replace slower, traditional disbursement methods often used in philanthropy.
Elon Musk has officially announced that X Money, the long‑anticipated payments and digital wallet service built into the social media platform X, is set to begin early public access in April 2026, marking a major milestone in his effort to transform the app formerly known as Twitter into an all‑in‑one financial and social ecosystem.
Bank of America says customer engagement with its digital banking tools reached record levels in 2025, with clients interacting with their finances approximately 30 billion times through digital logins, AI solutions and automated alerts, according to a company update. The figure represents a 14% increase compared with the previous year.
Two separate landmark moves from Santander and Upstart signal a new era of autonomous, AI-native finance infrastructure developed at all levels of fintech industry.
London’s position as a global financial technology powerhouse gained new momentum this week as fintech giant Revolut received full regulatory approval to operate as a bank in the United Kingdom. The development comes as new industry data indicate that London has overtaken both New York and San Francisco to become the world’s leading fintech hub, […]
Global issuer-processor Paymentology has announced a partnership with South Africa-headquartered fintech Chikwama Pay, a neobank that enables borderless banking across Africa by allowing customers to bank, borrow, insure, save, and transact directly through WhatsApp, without the need for a separate app.
Instant payment market worth $34 billion in 2025 is on a trajectory that could see it approach $500 billion by 2034. The data from regulators and payment providers around the world tell a story of adoption that is accelerating faster than anticipated.
New research from Lloyds Merchant Services reveals how contactless payments, mobile wallets and integrated systems are reshaping hospitality and restaurant experience, and why busy occasions like Mother’s Day put the spotlight squarely on checkout.
European payment processor Worldline has extended its multi-decade contract with Dutch banking giant ABN AMRO, reinforcing the partner’s role at the heart of the Netherlands’ digital payment infrastructure.
Hiring third-party suppliers can be a smart move when your business needs to stay flexible. Whether you’re taking on a seasonal spike in demand, bringing in a specialist for a short-term project, or scaling up without the commitment of permanent staff, suppliers offer valuable expertise without adding fixed costs to your payroll. This makes them […]
PaySpace Magazine Global spoke to Karolina Aleksandrova, Founder of ProMoney and organiser of the Baltic Payment Forum that took place on March 3, 2026 in Vilnius, Lithuania.
For decades, corporate spending was treated as a back-office problem — a tangle of expense reports, paper invoices, and spreadsheet-driven procurement reviews that business finance teams managed reactively rather than strategically. That era is ending. Across industries, a convergence of economic pressure, digital transformation, and boardroom scrutiny is forcing organizations to rethink how they manage, […]
The Brazilian-founded payments giant EBANX is planting its APAC flag in Singapore — now home to its Chief Product Officer and 25 senior specialists, as it rides a wave of record growth across Africa, Latin America, and Asia.
Payment infrastructure provider Akurateco has announced a strategic partnership with Latin American payments company Kushki aimed at expanding payment service provider (PSP) connectivity and strengthening digital payment capabilities across the region.
TD Bank has expanded its embedded banking capabilities by integrating financial functionality directly into Workday, allowing U.S. business clients to access banking services within the enterprise software platform many already use for finance and HR operations. The move reflects growing demand for embedded financial services that simplify corporate banking and automate treasury processes.
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