Managers of Wealth Fintech

UK digital wallet spend to reach £453bn by 2030, study shows

From Gen Z to retirees: digital wallets’ cross-generational rise will unlock £453 bn of UK spend by 2030

Mastercard completes live agentic transaction in Hong Kong with HSBC and DBS

The transaction used tokenized credentials authenticated with Mastercard Payment Passkeys to ensure consumer verification and data protection.

Wise expands offerings with UK current account launch

The new account offering integrates Wise's signature money transfer services, allowing users to send funds to over 70 countries in under 20 seconds.

Nexi expands SEPA Direct Debit with Danish banks

The partnership with local and nationwide Danish banks which account for around 45% of combined volume of the country’s payments, will expand Nexi’s payment services across the country.

Monzo tops 15m customers

Less than a year after launching Monzo for Under 16s, the product has attracted more than 1 million customers, equivalent to around one in eight British children aged 6–15.

Saudi Arabia issues first Major Payment Institution licence to Lean Technologies

The objectives of the company align with the UK’s Vision 2030 objectives to expand open banking infrastructure.

Lloyds IT glitch exposed data of nearly 450,000 customers, MPs told

More than 114,000 customers actively clicked on transactions that did not belong to them

Revolut activates Click to Pay for all UK-issued cards amid low adoption challenge

The data points to barriers that go beyond availability, including low consumer awareness, limited merchant prompting at checkout, and the tendency to default to established digital wallets such as Apple Pay and Google Pay.

Mastercard to offload Nets payments unit bought for $3.2bn - FT

The US giant has called in investment bankers to lead a sale, with private equity groups touted as possible bidders

Revolut embarks on Indian hiring spree

The company currently has around 12,000 employees worldwide.

Visa rolls out subscription management service

For issuers, Visa says this can help strengthen engagement, improve retention, and reduce disputes and chargebacks tied to recurring payments.

FCA’s Strategic Priorities: Strengthening the UK Payments Sector

The UK payments sector is currently navigating a period of profound structural change.

Monument Bank to launch UK's first tokenised retail deposits programme

The project is being run in partnership with blockchain company Midnight, with Monument planning to tokenise up to £250 million of retail customer deposits in the first phase.

payabl. launches Tap to Pay for smartphone payments

The offering allows businesses to convert NFC-enabled Android devices into payment terminals, removing the need for dedicated card acceptance hardware.

Fiserv and Western Alliance Bank Form Strategic Alliance to Expand Commerce Capabilities

The partnership broadens access to Clover and combines payments technology with banking services for business clients.

India and Bhutan to Launch UPI-Linked Postal Remittance Service

The wider agreement also covers postal technology, training and financial services cooperation between India Post and Bhutan Post.

Worldpay joins the the European Payments Initiative

As an EPI member, the company’s clients will be able to accept Wero payments across Europe, giving consumers more choice and flexibility at checkout.

Monument Bank to tokenise retail deposits

The programme, built on infrastructure developed by the Midnight Foundation, is targeting £250 million in tokenised deposits in its first phase.

Mastercard carries out agentic payments in Latin America

These transactions demonstrate AI agents actively initiating and completing payments on behalf of customers, with full cardholder consent, using existing payment infrastructure.

Venmo connects with PayPal network to enable cross-border payments in 90 markets

Users can initiate transfers by entering a recipient's phone number in the Venmo app.

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