This in-principle approval fortifies TerraPay’s dedication to becoming the world’s most regulatory-compliant payments provider.
The new service will initially cater to over 8 million UK customers before extending to its 35 million users globally.
Recent moves at Pleo, including the appointment of a new CFO, have sparked speculation about a potential IPO, driving expectations for a valuation surge beyond the current $4.7 billion mark as of August 2023.
Latin America has identified that regulated, blockchain-based financial services will soon be the order of the day.
Currently valued at $8.6 billion after its £590 million ($624 million) investment round last year, SumUp stands strong in private markets with no immediate plans for an initial public offering.
With the latest authorization from three US states, the X platform expanded its ability to offer financial services to users in the region.
This lawsuit adds to Apple’s recent antitrust challenges. In September, a US judge ruled that payment card issuers could sue Apple over alleged anti-competitive practices related to its Apple Pay mobile wallet.
Mastercard’s partnership with Feedzai aims to address concerns around crypto fraud and money laundering by leveraging artificial intelligence to differentiate between legitimate and fraudulent transactions.
With the recently secured Series B funding, Fnality is poised to continue its pioneering work in the tokenization of fiat currencies backed by Central Bank cash.
The launch of the global AI advisory services comes after Visa recently made a significant investment in the field of AI.
Klarna has established itself as a major player in the European payments industry, with a valuation of $6.7 billion.
The acquisition of a banking license in the UK could open up new revenue streams for Revolut, allowing the company to generate interest income at a time when interest rates are at multi-year highs.
With this approval, PayPal joins firms like Interactive Brokers, Bitstamp, and Komainu that have been granted crypto registration this year.
Card and payment companies like Mastercard, PayPal, and Visa have been working with and investing in blockchain technology to expand their array of services.
Mastercard will release a set of franchise rules for wallet providers.