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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Bilt buys sports loyalty platform LAVA in $300 million deal
Bilt acquired LAVA, a loyalty platform used by 56 professional sports franchises, for $300 million as it extends its rewards network beyond housing.
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This week’s issue
Card fees go to court as Visa and Mastercard report, and Tencent signs with Visa
Read the issue: Card fees go to court as Visa and Mastercard report, and Tencent signs with VisaAn appeals court upholds the ruling that vacated the Fed’s debit fee cap, UK merchants file a £5bn interchange claim, Visa and Mastercard grow cross-border volume, and Tencent and Visa sign an MoU on Weixin Pay.
Latest news
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OKX Card brings stablecoin spending on Mastercard to most US states
OKX launched its Mastercard virtual card in most US states, letting customers spend USDC, USDT and USDG from OKX Pay without converting to dollars first.
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TenPay Global and Mastercard sign MoU on mainland China QR payments and Weixin remittances
TenPay Global and Mastercard will explore QR acceptance for foreign wallets in mainland China and more remittances into Weixin through Mastercard Move.
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HKMA moves Project Ensemble pilot to 24/7 settlement in tokenised central bank money
The HKMA said Ensemble TX now settles interbank tokenised deposit transactions in tokenised central bank money around the clock, with 12 banks and 20 industry pioneers…
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OPay withdraws its $304 million NYSE IPO after a foreign regulatory inquiry
OPay pulled its $304 million New York listing hours after pricing at $19 a share, citing an inquiry by an unnamed foreign regulator.
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CD&R and GTCR explore a buyout of Global Payments, Reuters and FT report
CD&R is exploring a take-private of Global Payments with GTCR, its largest shareholder, according to Reuters and the Financial Times, and the shares rose more than…
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UPI processes a record 25.47 billion transactions in October
UPI handled a record 25.47 billion transactions worth ₹31.53 lakh crore in October, and its average daily value passed ₹1 lakh crore for the first time.
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The week in payments, every Monday
The top stories, why they matter, and the events coming up. Free.