Spain's Banco Sabadell has sold an 80% stake in its payments unit Paycomet to Nexi for €280 million and inked a 10-year exclusive distribution deal with the Italian firm.
Major Japanese banks and tech firms have banded together on a metaverse infrastructure project that will, among other things, provide payments, authentication, and insurance services for users across platforms.
Sweden-based BNPL company Klarna has announced it will begin to penalise clients for late payments in the UK in March 2023 in a bid to curb loan defaults
Klarna is to begin charging late payment fees to UK customers in a bid to curb loan defaults as more users turn to buy now, pay later services to budget their way through the cost of living crisis.
U.S. card skimming grew by nearly 500% in 2022 and is showing signs it will grow even faster this year, according to a recent analysis by credit scoring services firm FICO.
Commonwealth Bank of Australia (CBA) has achieved a further milestone supporting Swift's Global Payments Innovation (GPI) initiative, with the launch of extended daily Australian dollar clearing and settlement processing for inward international payments.