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Archive · September 16, 2026

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Story 01

Revolut Gains Colombian Bank License, Expanding Latin American Presence

Revolut has secured a full banking license in Colombia, its first in Latin America and fifth globally, enabling it to offer local deposit accounts and debit cards. Colombian banks and fintechs now face a global challenger with the ability to launch multi-currency accounts and fee-free international transfers. Local players may respond by enhancing digital onboarding, increasing cashback offers, or launching new cross-border payment features to retain customers. Regulatory authorities are expected to monitor Revolut’s expansion closely for compliance and market stability.

Source: PYMNTS
Also Worth Knowing
№02

Fin.com Raises $20M to Build Cross-Border Payments Infrastructure for Fintechs

Payments infrastructure startup Fin.com has emerged from stealth with $20 million in funding to streamline cross-border money movement. The company aims to undercut traditional banks and legacy PSPs by offering faster, more efficient rails for fintech partners. Early traction could force incumbents to accelerate their own infrastructure upgrades or risk losing B2B flows. New partnerships are likely as fintechs seek to embed Fin.com’s capabilities.

Source: Finextra
№03

Visa, Circle, and Ripple Back $10M Round for Stablecoin Platform Velocity

Velocity secured $10 million in a Series A extension from Visa, Circle, and Ripple to expand its stablecoin platform. The funding signals growing institutional appetite for stablecoin-based settlement and B2B payments. Established processors and banks now face a credible new player with heavyweight backers, accelerating stablecoin adoption in mainstream finance. Velocity is expected to pursue integrations with major payment networks and enterprise treasury systems.

Source: Finextra
№04

UK Payments Delivery Company Seeks £50M to Build Next-Gen Retail Payments Infrastructure

The UK Payments Delivery Company is raising £50 million to develop new retail payments infrastructure aimed at merchants and consumers. By offering faster settlement and richer transaction data, the initiative threatens the fee-based revenue and data analytics edge of incumbent processors like Worldpay and Barclaycard. Competing PSPs and banks may need to accelerate their own infrastructure investments to maintain merchant relationships. The project is likely to draw regulatory scrutiny as the UK modernizes its payments backbone.

Source: Finextra
№05

Stripe Launches Tap to Pay on Android in Six New European Countries

Stripe has expanded its Tap to Pay on Android service to six additional European countries, enabling merchants to accept contactless payments directly on Android devices without extra hardware. This move increases competition for traditional POS terminal providers and could accelerate mobile-first payment adoption among small businesses. Merchants may benefit from lower upfront costs and faster onboarding as digital acceptance options proliferate.

Source: TechCrunch
The Long Memory
“In 1994, Stanford Federal Credit Union became the first financial institution to offer online banking to all its customers, years before most banks embraced the internet.

Filed under: Payments History · The Long Memory

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