Global payments news, briefly.
What happened in payments this week, and why it matters. Free weekly briefing every Monday.
Topics: Cross-border · Domestic & real-time · Cards · Asia-Pacific · Regulation · Deals & funding
Regions: Americas · Europe · Asia-Pacific · Middle East & Africa · Events calendar
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Griffin raises $20 million Series B to add card issuing and stablecoin services
Griffin, the UK bank for fintechs and platforms, raised $20 million led by Octagon Partners to add card issuing and stablecoin services.
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This week’s issue
Tencent signs with Mastercard, Block nears a $964 million DOJ deal, and Affirm Card passes $3 billion
Read the issue: Tencent signs with Mastercard, Block nears a $964 million DOJ deal, and Affirm Card passes $3 billionTencent’s TenPay Global signs a Mastercard MoU, Hong Kong FPS links to UnionPay QR, Block discloses a $964 million DOJ agreement in principle, and Affirm Card GMV more than doubles.
Latest news
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Merchants sue the OCC and NCUA over preemption of the Illinois interchange fee law
Nine merchant trade groups have sued the OCC and NCUA in Washington, D.C. over the agencies’ preemption of the Illinois ban on interchange fees for taxes…
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Visa adds Western Union’s USDPT stablecoin as a VisaNet settlement asset with Anchorage Digital
Visa and eligible partners can now use USDPT, the Western Union stablecoin issued by Anchorage Digital Bank, to settle VisaNet obligations.
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DBS PayLah! adds two-way Alipay and Weixin Pay QR payments across mainland China
DBS PayLah! users in Singapore can now make two-way QR payments at more than 100 million Alipay and Weixin Pay merchants in mainland China.
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Project Faro banks commit about $270 million to their dollar stablecoin venture, Bloomberg reports
Goldman Sachs, Citigroup, Santander, Deutsche Bank and other Project Faro banks have committed about $270 million to fund their dollar stablecoin issuer for five years.
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NPCI notifies UPI Vyapaar Saksham scheme to pay banks for adding small merchants
NPCI will use 5% of UPI merchant discount rate revenue to pay banks and apps for signing up small merchants and growing their UPI payments.
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Revolut Pay goes live in Uber and Uber Eats across the UK and Europe
Uber and Uber Eats customers in the UK and Europe can now pay from their Revolut accounts with Revolut Pay, approving each payment in the Revolut…
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The week in payments, every Monday
The top stories, why they matter, and the events coming up. Free.