News from the IoT World

Revolut has secured a full banking licence in France, giving the UK-headquartered fintech greater freedom to expand its product range in one of its largest European markets and marking another significant step in its ambition to become a major global banking group. Revolut Secures European Banking Licence The authorisation follows an assessment by French banking […]

Brazil’s central bank is exploring how its Pix instant-payment system could connect with overseas payment networks, potentially extending one of the world’s most successful domestic payment schemes into cross-border commerce. Brazil Eyes Cross-Border Future for Pix The Banco Central do Brasil said it is considering both bilateral links with other national instant-payment systems and participation

Revolut has applied to establish a licensed banking branch in Finland, as the digital bank pushes deeper into domestic European markets and seeks to become the primary financial provider for more customers. Revolut applies for Banking Licence in Finland The UK-headquartered group currently serves more than 250,000 customers in Finland, but banking services are provided

HSBC and Standard Chartered have completed the first live interbank tokenised deposit transaction using Swift’s blockchain-based ledger, marking another step towards integrating digital money into established banking infrastructure. First live Swift Blockchain Ledger transaction  The transaction follows Swift’s announcement in July that its ledger was ready for initial use, with 17 banks across six continents

Cryptocurrency-funded card spending has more than tripled over the past year topping $1bn, offering further evidence that stablecoins are moving beyond trading and cross-border transfers into everyday consumer payments. Crypto card spending tops $1bn Monthly spending on crypto cards reached $1.04 billion in July, across more than 10 million tracked transactions according to Paymentscan data

The UK payments market continued its shift towards digital and mobile channels in 2025, with consumers making almost 50 billion payments as mobile wallets and account-to-account transactions gained further ground. UK Digital Payments reach new high as trends shift A total of 49.7 billion payments were made during the year, excluding CHAPS, up 2% as

TerraPay has struck a collaboration with Deutsche Bank designed to strengthen its global settlement infrastructure and improve the speed and reliability of cross-border payment flows. TerraPay and Deutsche Bank collaborate The agreement will give TerraPay access to Deutsche Bank’s correspondent banking network alongside its payments, foreign exchange and technology capabilities. The companies say the arrangement

Artificial intelligence is rapidly changing the economics of online fraud, allowing criminals to automate attacks, exploit stolen identities and test compromised payment credentials at a scale that would previously have required sophisticated criminal networks. AI-Powered fraud surges  Signifyd’s State of Fraud Report 2026 describes the development as a tipping point for ecommerce, with AI effectively

PayPal has reportedly resumed takeover discussions with a consortium including Stripe and private equity group Advent International, potentially setting the stage for one of the largest deals in the payments industry. PayPal reopens sale talks with Stripe and Advent The talks follow an earlier proposal in July that valued PayPal at approximately $53 billion, or

Mastercard is seeking to resolve a dispute with Brazilian merchant acquirers over hundreds of millions of dollars in unsettled card payments following the collapse of Will Financeira, better known as Will Bank. Mastercard seeks settlement over $950m losses  The card network has proposed paying around half the outstanding amount claimed by acquirers, while potentially providing