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Archive · September 11, 2026

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Story 01

Nasdaq Ventures Invests in Kraken Parent to Advance Tokenized Equity Markets

Nasdaq Ventures has invested in Payward, the parent company of Kraken, to deepen collaboration on tokenized equity infrastructure. While the exact investment amount was not disclosed in the latest reports, this partnership signals Nasdaq’s intent to accelerate the digitization of equity markets and compete with both traditional exchanges and crypto-native platforms. The U.S. Securities and Exchange Commission and other global securities regulators are likely to scrutinize these tokenized offerings for compliance with existing securities laws as institutional adoption grows.

Also Worth Knowing
02

Revolut Advances in US Banking License Process After Initial Regulatory Review

Revolut has cleared an initial regulatory review in its pursuit of a US banking license, moving closer to offering deposits and lending directly to American customers. The company still faces further scrutiny from the Federal Reserve and the Office of the Comptroller of the Currency before any license is granted. If successful, Revolut would compete head-to-head with US banks and fintechs, leveraging its global platform to attract digitally native consumers.

Source: Sifted
03

Mastercard Unveils Wallet Pay to Boost Digital Wallet Interoperability

Mastercard has launched Wallet Pay, a suite designed to make digital wallets more interoperable for merchants and issuers. By enabling easier integration and broader acceptance, Mastercard aims to reduce checkout friction and drive wallet adoption. Competing networks like Visa and digital wallet providers such as Apple Pay and Google Pay may need to expand their own interoperability initiatives or risk losing merchant and consumer engagement.

Source: Finextra
04

MoneyGram and Rain Launch Colombia’s First Stablecoin Visa Card for Remittances

MoneyGram, in partnership with Rain, has introduced Colombia’s first Visa card backed by stablecoins, allowing users to spend and transfer funds directly in digital dollars. This initiative targets the remittance market, offering faster and potentially lower-cost cross-border payments. While tokenization is central, the focus here is on practical consumer access and remittance efficiency, prompting other remittance providers to consider stablecoin integrations for competitive parity.

Source: The Block
05

Ant International, Visa, and Mastercard Collaborate on Know-Your-Agent Standard

Ant International, Visa, and Mastercard are jointly developing a Know-Your-Agent (KYA) framework to streamline agent onboarding and verification across their networks. The initiative aims to enhance security and compliance in agent-driven payment ecosystems, particularly in emerging markets. Payment networks and PSPs not participating may face increased regulatory and reputational risks as the framework sets a new industry benchmark.

Source: Finextra
The Long Memory
A 2022 study found that PSD2 led to a 30% increase in new fintech entrants in Europe within two years, but only 5% of consumers switched their primary payment provider.

Filed under: Payments History · The Long Memory

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