The 5-minute briefing for payments professionals who need to know what happened, what it means, and what to do about it — before their 9am.
Trusted by payments operators
Joined by 60+ product, risk, and partnerships leads at networks, issuers, acquirers, and fintechs.
Story 01
BBVA has joined Qivalis, a bank-backed euro-denominated stablecoin joint venture, marking a significant step in stablecoin adoption by traditional banks. This involvement could accelerate stablecoin adoption in Europe, challenging non-bank stablecoin issuers.
Citi has advocated for tokenized deposits to become a central component of global finance, emphasizing their potential to transform on-chain settlement processes. This comes amid growing interest in blockchain technologies within the banking sector, positioning Citi as a forward-thinking leader in blockchain adoption.
Source: PYMNTSTruist Financial Corporation has introduced an AI-enabled receivables platform designed to simplify receivables management and improve cash visibility for commercial clients. This innovation could enhance Truist's value proposition, prompting competitors to innovate their receivables solutions.
Source: FinextraRemitly has announced the closure of its R&D hub in Israel, resulting in 110 job cuts. This decision follows the acquisition of local fintech Rewire three years ago, potentially impacting Remitly's operational capabilities and innovation pace.
Source: FinextraCross River Bank executives predict significant growth in embedded finance, with financial services increasingly integrated into consumer experiences. This trend could disrupt traditional banking models, prompting banks to innovate and collaborate with tech platforms.
Source: Banking Dive“Did you know that the first credit card was made of cardboard? Diners Club introduced it in 1950 after founder Frank McNamara forgot his wallet at a restaurant, revolutionizing the way consumers approached payments.
Filed under: Payments History · The Long Memory
Free · Weekday mornings · Unsubscribe in one click
