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The Financial Conduct Authority (UK) is undertaking a comprehensive review of the current framework governing tap-to-pay transactions, considering potential reforms that range from increasing the established £100 limit to the more transformative option of eliminating transaction ceilings altogether. This initiative forms part of a broader regulatory adjustment designed to modernise the UK’s payment systems, promote […]

The UK’s Payment Systems Regulator (PSR) has placed Visa and Mastercard under scrutiny for their dominant market position and sharp increases in transaction fees, which are costing British businesses an estimated £170 million per year. This move comes as concerns grow over a lack of competition and transparency in the card payments market. Visa and

Israeli fintech Nayax has announced the acquisition of UPPay, a Brazil-based payment and telemetry solutions provider for unattended retail and vending industries. This strategic move strengthens Nayax’s presence in Latin America and accelerates its expansion in the region’s self-service market. Strategic Acquisition for Market Growth The deal, valued at approximately $5.3 million (BRL 32.75 million),

Newcastle-based fintech firm, Kani Payments, has announced a significant multi-million-pound investment led by Maven Capital Partners. This funding aims to drive the company’s international growth and enhance its cutting-edge Software-as-a-Service (SaaS) platform, which simplifies complex payment reconciliation processes. Kani Payments is a fintech innovator dedicated to simplifying payment reconciliation and compliance. With deep industry expertise,

The walls seem to be closing in on PAYONE GmbH, the German payment services provider and subsidiary of Worldline SA. The company, already embroiled in multiple legal battles with a former employee-turned-whistleblower, has now been hit with a stunning regulatory intervention from BaFin, the German Federal Financial Supervisory Authority. BaFin’s intervention, as detailed in their

The long-running employment tribunal case involving Worldline subsidiary Payone GmbH and others (3303093/2021), a case involving allegations of racism, offensive conduct, and data protection breaches, is set to continue with an appeal hearing scheduled for 4 June 2025. This hearing, expected to last one day, will focus on a specific procedural matters including time limits

To streamline payment acceptance for small businesses, payment technology provider Dojo has partnered with American Express. This strategic collaboration will simplify the process for UK-based SMEs to accept American Express payments, offering a more unified and efficient experience. Through this partnership, Dojo’s small business customers will benefit from a single contract for accepting American Express

In a move set to revitalise the African small business landscape, Nigerian fintech startup Billboxx has secured $1.6 million in pre-seed funding. This injection of capital, a blend of debt and equity, comes from a consortium of investors including Norrsken Accelerator, Kaleo Ventures, 54 Collective, P2Vest, and Afrinovation Ventures. Billboxx, founded in 2023 by Justus