News from the IoT World

For more than a decade, Revolut has been the poster child of European fintech disruption, building a global customer base through relentless product innovation and rapid market expansion.                    Revolut’s regulatory reality check However, recent intervention by the European Central Bank (ECB) demonstrates that even the continent’s […]

Stripe has unveiled a suite of new products designed to help UK businesses accelerate international growth and prepare for the emerging era of AI-driven commerce, underlining the payments giant’s ambition to become the infrastructure layer for the next generation of the internet economy. Stripe expands global commerce and AI capabilities Announced at Stripe Tour London,

Visa has unveiled an ambitious strategy to position itself at the centre of the emerging programmable money ecosystem, announcing plans to build the technology infrastructure that will enable banks to issue tokenised deposits while simultaneously expanding its stablecoin and artificial intelligence initiatives. Visa to develop technology layer for tokenised deposits The announcements, made at the

The race to commercialise agentic commerce has taken a significant step forward with Visa and OpenAI announcing a strategic partnership designed to enable artificial intelligence agents to initiate and complete payments on behalf of consumers. Visa and OpenAI enter Strategic Partnership The agreement represents one of the clearest indications yet that AI-powered commerce is moving

Japan’s three largest banking groups have taken a significant step towards the mainstream adoption of stablecoins, unveiling plans to jointly develop and issue a yen-backed digital currency that could enter commercial use during fiscal year 2026. Japanese Banks Unite with Yen Stablecoin Initiative The initiative brings together MUFG Bank, Mizuho Bank and Sumitomo Mitsui Banking

A landmark legal battle that has shaped the economics of card payments in the United States for more than twenty years has taken another significant step towards resolution after a federal judge granted preliminary approval to a revised $38 billion settlement between merchants and card networks Visa and Mastercard. Visa and Mastercard move to end

Revolut co-founder Vlad Yatsenko is stepping down from his role as chief technology officer, marking the most significant leadership transition in the company’s 12-year history and signalling a new phase of maturity for one of the world’s most valuable fintech firms. Revolut co-founder steps  Yatsenko, who co-founded Revolut alongside CEO Nik Storonsky in 2014, will

ING is extending its support for Wero in Germany by enabling customers to use the European payment scheme for online shopping, marking an important step in the evolution of the continent’s account-to-account payments ambitions. ING Expands Wero to Online Payments in Germany The Dutch bank, which serves around 10 million customers in Germany, has integrated

Mastercard is expanding its settlement capabilities to support regulated stablecoins, intraday settlement, and card settlement over weekends and public holidays, in a move that underlines the growing convergence between traditional payments infrastructure and blockchain-based value transfer. Mastercard to support regulated stablecoins The card network says the enhanced settlement model will give issuers, acquirers and payment

Finastra has agreed to sell its US mid-market banking business to CORA Group, a portfolio company of Constellation Software, in the latest move by the financial technology giant to streamline its operations and concentrate on core growth areas. Finastra sells US mid-market banking business  The transaction includes several long-established banking technology platforms, including the Phoenix