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Archive · April 16, 2026

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Story 01

Revolut Launches Global Hiring and Payroll Platform for UK Businesses

Revolut Business has launched a platform enabling UK firms to hire, onboard, and pay international talent, integrating payments, HR, and compliance into a single workflow. By automating cross-border payroll and compliance, Revolut directly reduces the need for SMEs to rely on traditional HR and payroll providers, who now risk losing clients seeking seamless global operations. This development pushes established payroll and HR firms to accelerate their own digital transformation and international capabilities.

Also Worth Knowing
02

Euronet Acquires PaynoPain to Expand European Cross-Border Payment Reach

Euronet Worldwide has acquired Spanish fintech PaynoPain, gaining access to its merchant network and payment technology to boost Euronet’s digital and cross-border transaction capabilities in Europe. This acquisition intensifies competition for European PSPs and banks in the SME and e-commerce sectors, as Euronet can now offer broader services and faster onboarding. The move may prompt further consolidation among payment firms seeking to expand their geographic footprint and product offerings.

Source: Finextra
03

Kraken Files for IPO After 2022 Valuation Drop, Eyes Public Crypto Exchange Race

Kraken’s co-CEO confirmed the company has filed for an IPO, following a 33.5% valuation drop to $13.3 billion in 2022 amid crypto market volatility. A public listing would position Kraken alongside Coinbase and other listed exchanges, potentially influencing investor sentiment and competitive strategies in the crypto sector. Crypto exchanges considering IPOs will closely watch Kraken’s performance as an indicator of public market demand and regulatory expectations.

Source: Banking Dive
04

DTCC Migrates Core Market Infrastructure to AWS and Microsoft Cloud

The Depository Trust & Clearing Corporation (DTCC) is moving its core market infrastructure to the public cloud through partnerships with AWS and Microsoft. This migration demonstrates that large-scale financial market infrastructure can operate securely and efficiently in the cloud, prompting other clearinghouses and exchanges to reconsider their own IT strategies. Financial institutions and technology vendors must now adapt compliance and operational models for cloud-native environments.

Source: Finextra
05

South Korea Pilots Blockchain-Based Deposit Tokens for Government Spending

South Korea’s Ministry of Finance and Economy is piloting blockchain-based deposit tokens to replace government expense credit cards, aiming to streamline public sector payments and enhance transparency. If successful, this pilot could encourage other governments to explore digital tokens for official disbursements, accelerating the adoption of programmable money in the public sector. Banks and payment processors serving government clients may need to update integration and compliance processes to support new tokenized payment models.

Source: The Block
The Long Memory
In 1950, the first universal credit card—Diners Club—was launched in the US, allowing cardholders to pay multiple merchants with a single card for the first time.

Filed under: Payments History · The Long Memory

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