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Archive · May 2, 2026

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Story 01

JPMorgan: Stablecoin Transaction Growth Outpaces Market Cap Expansion

JPMorgan analysts report that stablecoin transaction volumes are rising rapidly, but this growth is not matched by proportional increases in stablecoin market capitalization due to higher transaction velocity. Issuers, banks, and regulators are now reassessing stablecoin risk and utility as velocity decouples usage from asset size. Financial institutions are rethinking liquidity and compliance models as stablecoins become more deeply embedded in payment flows.

Also Worth Knowing
02

Fun Raises $72M to Scale Crypto Payment Infrastructure Globally

Crypto payments infrastructure provider Fun secured $72 million in Series A funding to expand its platform and compete with established players like MoonPay and Stripe. With this capital, Fun plans to accelerate product development and pursue new partnerships, directly challenging incumbents in cross-border settlements and enterprise integrations.

Source: PYMNTS
03

MoonPay Launches Stablecoin Debit Card for AI-Driven Payments

MoonPay introduced the MoonAgents Card, a stablecoin debit card that lets AI agents and users spend directly from onchain wallets via Mastercard. By enabling automated spending and programmable finance, MoonPay is prompting digital payment competitors and AI developers to adapt as stablecoin rails become more accessible for both human and machine users.

Source: The Block
04

Citi Deploys AI Adviser in Wealth, Eyes Expansion to Card Business

Citi has rolled out an AI-powered adviser in its wealth management division and plans to extend the technology to its credit card operations. By integrating AI across more product lines, Citi aims to surpass rivals like JPMorgan and Bank of America in delivering personalized, automated financial guidance to customers.

Source: Banking Dive
05

SoftBank-Backed OPay Targets $4B Valuation in Planned US IPO

OPay, the Nigerian payments platform backed by SoftBank and Sequoia, is preparing for a US IPO with a $4 billion valuation target. The listing would give OPay fresh capital to expand its services and intensify competition with fintechs such as Flutterwave and Interswitch in Africa and other emerging markets.

Source: PYMNTS
The Long Memory
Regulation E, introduced in 1984, established the first U.S. consumer protections for electronic payments, including disclosure rules and liability limits for unauthorized transactions.

Filed under: Payments History · The Long Memory

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