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Live · Today’s Edition · September 18, 2026

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Story 01

Nubank Launches Multicurrency Digital Account in US, Partners with Local Bank

Nubank has launched a multicurrency digital account for US customers through a partnership with a US-based bank, enabling cross-border transactions without requiring its own OCC charter. The offering puts Nubank in direct competition with Chime, SoFi, and JPMorgan Chase, targeting users seeking low-cost international transfers. Nubank’s entry could pressure established US banks and neobanks to enhance their cross-border features.

Also Worth Knowing
02

Revolut Considers Dual Listing in New York and London to Attract Global Investors

Revolut is exploring a dual public listing in New York and London, aiming to broaden its investor base and increase global visibility. This move may prompt fintechs like Monzo and N26 to evaluate similar strategies as public market access becomes more critical for growth. Regulatory and compliance demands will intensify as fintechs pursue listings in multiple jurisdictions.

Source: Finextra
03

Citi Rolls Out Mastercard Smart Subscriptions in UAE, Raising Stakes for Local Banks

Citi has introduced Mastercard's Smart Subscriptions tool in the UAE, marking its first global deployment and giving Citi a head start in the region’s subscription payments market. Local banks such as Emirates NBD and Mashreq Bank may need to accelerate their digital subscription offerings to remain competitive. Subscription-based merchants in the UAE gain new tools for payment management and customer retention.

Source: PYMNTS
04

dtcpay Raises $25M Series A from SBI Group to Expand Stablecoin Payments

dtcpay has secured $25 million in Series A funding led by SBI Group to grow its stablecoin payments platform for merchants and cross-border settlements. The funding enables dtcpay to expand in Asia and Europe, while merchant acquirers and payment processors may accelerate stablecoin integrations to keep pace. Regulatory agencies in these regions are likely to review oversight frameworks in response to increased stablecoin activity.

Source: The Block
05

S&P Global Acquires OpenZeppelin to Strengthen Blockchain Security Offerings

S&P Global has agreed to acquire OpenZeppelin, a blockchain security firm, to enhance its onchain risk management capabilities. This acquisition reflects growing institutional demand for secure blockchain infrastructure and may lead data providers like Moody’s and Fitch to pursue similar deals. Financial institutions adopting blockchain-based payments could face higher security expectations as a result.

Source: The Block
The Long Memory
The first magnetic stripe payment card was introduced by IBM in 1969, revolutionizing how payment data could be stored and read electronically at the point of sale.

Filed under: Payments History · The Long Memory

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