Klarna has announced the nationwide rollout of its in-store payment solutions across Walmart Canada’s network of more than 400 stores, making Walmart Canada the largest retailer in the country to offer Klarna’s flexible payment options. In addition to using Klarna’s Buy Now, Pay Later service on walmart.ca and the mobile app, Walmart Canada customers can now make in-store payments via QR code at assisted checkout lanes. Shoppers can choose to Pay in Full for a one-time payment, or Pay in 4 to split purchases over $50 CAD into four interest-free instalments. Customers scan a QR code displayed on the point-of-sale…

Zum Rails, an instant payments ecosystem and embedded finance provider, has introduced a new suite of Mastercard-powered prepaid card programmes in Canada. The reloadable cards are designed to support businesses with expense management, faster wage access, customer rewards, real-time disbursements and more flexible spending options. Miles Schwartz, Chief Executive Officer and Co-Founder of Zum Rails, said: “At Zum Rails, we believe money should move at the speed of business, and we’re making it easier for businesses to embed smarter, faster payments into their operations. With our Mastercard powered prepaid card programmes, companies could now offer branded, reloadable prepaid cards that…

TRM Labs has launched Beacon Network, a real-time crypto crime response network developed in collaboration with law enforcement, exchanges, and stablecoin issuers, aimed at preventing illicit funds from leaving the blockchain. Founding members include Coinbase, Binance, PayPal, Robinhood, Stripe, Kraken, Ripple, Crypto.com, Zodia Custody, Blockchain.com, Anchorage Digital, Bitfinex, HTX, Poloniex, OKX, LFJ, 1inch, Rhino.fi, Coinspot, and ChangeNow. Leading federal law enforcement agencies are contributing to the network by flagging addresses linked to criminal activity, triggering alerts that enable platforms to respond before funds are withdrawn. Security researchers and firms such as ZachXBT, Security Alliance, zeroShadow, Hypernative, Operation Shamrock, and CryptoForensics…

Databricks, the data and AI company, announced it has signed a term sheet for its Series K funding round, which is expected to close soon with support from existing investors. The round values the company at more than US$100 billion. The proceeds are expected to be used to advance Databricks’ AI strategy, including the development of Agent Bricks, further investment in its new database product Lakebase, and international expansion. At its Data + AI Summit in June, Databricks introduced Agent Bricks, designed to create production-ready AI agents using enterprise data, and Lakebase, an operational database built on open source Postgres…

Nubank announced that Armando Herrera will become CEO of Nu Mexico starting from September 2. Ivan Canales, who led the operations for the past three years, is on parental leave and will continue to contribute to Nu. The transition is occurring under the supervision of Guilherme Lago, Chairman of the Board of Nu Mexico. Before joining Nu, Herrera was General Manager of Financial Products at Konfío, a Mexican fintech providing digital solutions for SMEs. He was responsible for strategy, value proposition, distribution channels and overall business profitability. Herrera has more than 15 years of experience in financial services and previously…

dLocal, a cross-border payments platform based in Uruguay, has partnered with Tiendamia, a Latin American e-commerce marketplace, to streamline payments for customers and sellers in the region. The collaboration allows for faster checkout using local payment methods and clearer pricing across multiple Latin American markets. Cross-border e-commerce is growing in Latin America as consumers increasingly purchase products from international sellers. However, completing these transactions can be complex due to local payment preferences, limited access to credit cards, and fragmented infrastructure, which can make it harder for shoppers to pay and for businesses to process and settle transactions. Through the partnership,…

Klarna has announced a multi-year forward flow agreement with Nebraska-based financial services and investment firm Nelnet, aimed at supporting the expansion of Klarna’s Pay in 4 product in the US. Under the agreement, Klarna will sell newly originated, short-term, interest-free Pay in 4 receivables to Nelnet on a rolling basis. The programme is expected to cover up to US$26 billion in total payment volumes over its duration. The arrangement is designed to provide scalable funding to support Klarna’s growth in the US, while offering flexibility for its balance sheet and long-term capital planning. “This is a landmark transaction for Klarna…

Equinix, a global digital infrastructure company, announced that it is collaborating with energy companies developing new approaches to generating reliable and sustainable electricity to support the power needs of its data centres worldwide. The initiative is part of Equinix’s broader strategy to diversify its energy portfolio by combining traditional arrangements with utilities, on-site generation technologies, and the exploration of emerging nuclear energy solutions. The International Energy Agency has reported that global electricity consumption is expected to rise by 4 per cent annually through 2027, representing the fastest pace in recent years. This growth is being driven by increased electrification, the…

Worldpay, a global payments technology provider, has announced a partnership with Trulioo, a Canada-based digital identity platform, to introduce new safeguards for transactions carried out by AI-powered shopping agents. The collaboration seeks to address issues of trust, consent and accountability in the use of AI within digital payments. Cindy Turner, Chief Product Officer at Worldpay, said: “Innovation in payments must always be grounded in integrity and trust. By partnering with Trulioo, we’re delivering the trust infrastructure our ecosystem needs and empowering businesses and consumers to embrace AI-powered commerce with confidence, knowing that safety and transparency are at the heart of…

Cryptocurrency exchange operator Bullish was valued at about US$13.16 billion after its shares more than doubled in their New York Stock Exchange (NYSE) debut on Wednesday (August 13). The move highlights investor interest in digital assets and raises the likelihood of further US listings by crypto firms. The parent company of crypto news platform CoinDesk raised US$1.11 billion in its initial public offering (IPO), giving the company a valuation of US$5.4 billion, Reuters reported. The stock opened at US$90, compared with its IPO price of US$37, and rose as high as US$118 before trading at US$92.60. Recent regulatory approvals, corporate…

Google has announced a series of updates aimed at providing online shoppers in the US with greater choice, flexibility, and transparency when making purchases or sending money abroad. Shoppers will now see reward details for over 100 credit cards directly within Chrome’s autofill feature, enabling them to compare benefits and select the most suitable option for their transactions. Pay-over-time options are also being expanded. US users can now access “Buy Now, Pay Later” services from Affirm and Zip via Chrome autofill, with Klarna, Afterpay, and additional providers to be added in the coming months. In addition, Google is testing a…

Wise has been selected as one of the key providers for Google’s newly introduced remittance experience. This service, currently being tested in the US, will enable consumers to access Wise’s international payment services via Google Wallet online or through Google Search when looking up specific currency exchange rates. The remittance feature allows users searching for international payment options on popular currency routes from USD to INR, PHP, MXN and BRL to compare providers, including Wise, based on transparent information about fees and transaction times. Lauren Langbridge, Commercial Director for Wise Platform, said: “We’re thrilled to collaborate with Google in helping…

Booking.com has introduced a credit card aimed at its users. The Genius Rewards Visa Signature Credit Card allows cardholders to earn travel credits on bookings made through the platform as well as on certain everyday purchases. Applicants can check their approval status without affecting their credit score, although a hard inquiry will be made if the offer is accepted. A Booking.com account, which can be created for free, is required to apply. The card carries no annual fee and offers US$150 in travel credits for new cardholders who spend US$1,500 within the first 90 days. Those who spend US$15,000 or…

Wix, a global platform for website creation and business management, has announced the launch of Wix Checking and Wix Capital, a new set of financial services designed to help users manage cash flow and access funding. Wix Checking, powered by Unit’s embedded finance solution, provides eligible businesses with an integrated business checking account within the Wix platform at no additional cost. The service enables users to view cash flow and business performance in real time, access earnings immediately after a sale, and track revenue and expenses side by side. Funds can be used via the Wix Visa business debit card…

Blockchain infrastructure provider Paxos has agreed to a US$48.5 million settlement with New York regulators over anti-money laundering (AML) shortcomings linked to its former partnership with Binance. Under the settlement with the New York State Department of Financial Services (NYDFS), the firm will pay a US$26.5 million penalty to the state and invest an additional US$22 million to enhance its compliance programme, Finextra reports. Paxos had partnered with Binance to market and distribute the latter’s BUSD stablecoin. According to the NYDFS, Paxos failed to carry out adequate due diligence on its former partner and had systemic weaknesses in its AML…

EBANX has expanded its four-year collaboration with programmable financial services provider Stripe to increase access to Brazilian payment methods for merchants worldwide. Businesses using Stripe can now offer Pix, the instant payment system developed by the Central Bank of Brazil. Transactions can be processed in Brazilian reais, with settlement in the merchant’s domestic currency. “Our partnership with EBANX is important for increasing Stripe users’ reach in Brazil, Latin America’s largest market. For global commerce today, enabling how customers pay is often just as important as what’s being sold. Customers prefer payment methods they know and trust, which directly impacts the…

The cryptocurrency market saw gains on 7 August following news that bitcoin and other digital assets could soon be included in 401(k) retirement plans in the US. According to CNBC, President Donald Trump is expected to sign an executive order allowing 401(k) accounts to invest in alternative assets, such as private equity, real estate, and digital assets. Bitcoin rose by approximately 1%, returning to the US$116,000 level for the first time since 31 July. Ether climbed nearly 4%, also reaching a one-week high. Shares of crypto-related firms pulled back from earlier highs as the broader stock market rally faded later…

NG.CASH, a consumer fintech platform catering to Brazil’s digital-first generation, has raised US$26.5 million in a Series B funding round. The investment was led by New Enterprise Associates (NEA), with additional participation from Quantum Light, an innovation-focused fund launched by Revolut founder Nikolay Storonsky, Monashees, Andreessen Horowitz (a16z), Endeavor Catalyst, 17Sigma (founded by Ualá’s Pierpaolo Barbieri, who will also join the board), and Daphni. “We’re building the future of financial access for a generation of Brazilians with solutions that empower financial independence and organisation,” said Mario Augusto Sá, CEO of NG.CASH. “This raise is the result of years of dedication…

Ripple has announced its agreement to acquire Rail, a stablecoin-focused global payments platform, for US$200 million. The deal is expected to enhance Ripple’s position in digital asset payments infrastructure by integrating Rail’s capabilities into its existing offerings. Ripple Payments currently provides access to a wide-reaching payout network, digital asset liquidity, and over 60 licences that support compliant payment operations. The addition of Rail is set to strengthen this infrastructure with features such as virtual accounts and automated back-office systems aimed at streamlining operational workflows. Monica Long, President of Ripple, said, “Stablecoins are quickly becoming a cornerstone of modern finance, and…

Corpay has announced a new collaboration with a subsidiary of Circle aimed at expanding access to stablecoins across international payment systems. The partnership will see the integration of USDC, a dollar-backed stablecoin issued by Circle, into Corpay’s cross-border pay-in and pay-out infrastructure. The initiative is intended to offer companies access to blockchain technology’s continuous settlement and programmability features. As part of the agreement, Corpay plans to incorporate Circle Mint and associated APIs into its platform. This will allow clients to access and manage USDC balances directly. Customer accounts on Corpay will also be equipped with digital wallets powered by Circle,…