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Stripe and Advent International ended takeover discussions with PayPal, prompting PayPal’s stock to fall over 13% and intensifying scrutiny of its leadership’s growth strategy. PayPal now faces direct pressure from shareholders to clarify its next moves, which could include restructuring, seeking new partners, or accelerating product launches to compete with digital wallet rivals.
Revolut obtained a full banking licence in France, enabling it to offer deposits, lending, and a broader suite of financial services to French customers. This regulatory milestone allows Revolut to compete head-to-head with traditional banks and fintechs, supporting its super-app ambitions and paving the way for new product launches and primary account targeting across the EU.
Source: SiftedThe BIS General Manager urged banks and fintechs to prioritize tokenized deposit solutions over stablecoins, signaling that upcoming cross-border and B2B payment pilots will likely focus on bank-issued digital money. Stablecoin issuers may see reduced institutional engagement as regulators and central banks develop new frameworks and pilot programs centered on tokenized deposits.
Source: PYMNTSThe OCC revised its enforcement approach to target significant risks at large US banks, increasing compliance demands and prompting banks to update risk management practices. This regulatory shift could drive banks to accelerate digital transformation and consider consolidation to meet stricter supervisory standards.
Source: PYMNTSSBI Holdings invested $270 million for a 20% stake in Indonesian fintech Ajaib, fueling its expansion in digital asset and brokerage services across Southeast Asia. The investment signals rising institutional interest in the region’s digital asset sector and may prompt further capital inflows and closer regulatory attention as adoption grows.
Source: The Block“In 1973, a London grocery chain introduced the first in-store electronic payment terminal, but customers initially distrusted the technology and preferred handwritten receipts.
Filed under: Payments History · The Long Memory
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