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Archive · November 7, 2026

November 7, 2026.
Five payments stories that matter.

The 5-minute briefing for payments professionals who need to know what happened, what it means, and what to do about it — before their 9am.

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The Lead

Story 01

Marqeta’s Processing Volume Grows 29%, Outpacing Its 8% Revenue Increase

Marqeta reported third-quarter processing volume of $126.5 billion, up 29%, while revenue rose 8% to $176.2 million. CEO Mike Milotich described enterprise demand for bundled financial services alongside card issuance. The figures show transaction scale growing faster than revenue, but the reporting does not establish the cause of that gap. Block accounted for 41% of quarterly revenue, leaving customer concentration a separate measure of Marqeta’s enterprise expansion.

Source: Banking Dive
Also Worth Knowing
№02

JPMorgan Payments and Mastercard Back firmly’s $15 Million Funding Round

JPMorgan Payments and Mastercard participated in a $15 million Series A for firmly, a no-code platform for agentic commerce—commerce in which AI agents make purchases for users. The financing establishes investment relationships, not a production integration or demonstrated merchant adoption. For merchants evaluating agent-enabled checkout, delegated spending limits and liability for agent errors determine what purchases an AI agent can authorize and who bears the cost of mistakes.

Source: Finextra
№03

California Seeks $4.8 Million From CoinFlip Over Alleged Crypto-ATM Control Failures

California’s Department of Financial Protection and Innovation demanded $4.8 million in restitution for scam victims in a November 5 notice to CoinFlip. The regulator alleged failures to detect, prevent, report and mitigate suspicious activity over five years. CoinFlip operates approximately 500 California kiosks, according to state information cited by Banking Dive. The notice targets alleged failures in those controls; it does not impose an industry-wide crypto-ATM prohibition.

Source: Banking Dive
№04

Pliant Announces $80 Million Series C for Modular B2B Payments

Seaya Nova and Speedinvest led Pliant’s $80 million Series C, with Illuminate Financial, Motive Partners and Molten Ventures also participating. The corporate-payments company announced the financing on November 6. The round adds capital for its business, but does not itself establish new issuing-market coverage or regulatory permissions. Enterprise payment buyers assessing Pliant’s reach still need service availability and issuing coverage for their intended markets.

Source: Finextra, company press release
№05

Mukuru Adds 170,000 South African Cash Pay-In Points Through Flash

Mukuru announced a partnership with Flash that adds 170,000 cash pay-in points across South Africa. Customers can fund Mukuru remittance orders at participating locations, including spaza shops. The expansion broadens cash-funding access; it does not establish faster cross-border settlement or additional payout destinations. The announced location count measures network availability, while completed transactions and active locations will show how extensively customers use it.

Source: Finextra, company press release
The Long Memory
“M-Pesa launched in Kenya in March 2007 with agent-based cash deposits and withdrawals. Local shops served as cash-in/cash-out points, connecting physical cash with mobile-money balances without requiring customers to visit a bank branch. Source: CGAP, “M-PESA: A Mobile Money Revolution for the Poor That’s a Lot More Than Just a Payment Service” — https://www.cgap.org/research/publication/m-pesa-mobile-money-revolution-poor

Filed under: Payments History · The Long Memory

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