FinTech Spotlight: Must-Know Updates This Week

Hi there, FinTech Fanatic!

Welcome to a new edition of "FOMO on FinTech News". My mission? To make sure you never experience that dreaded Fear Of Missing Out.

So let's not waste any of your valuable time and dive in with 7 FinTech Industry Updates you need to read👇

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TOP NEWS

1️⃣ eBay announces global payment acquiring partnership with Checkout.com. The partnership expands eBay’s global payment platform capabilities to enhance customer experience and drive operational efficiencies. Guillaume Pousaz, CEO at Checkout.com, said: “eBay is an iconic global commerce leader which continues to push the boundaries of digital commerce.”

2️⃣ bunq completes first phase of US banking license filing as it reports its second consecutive year of profits. The company has filed for a broker-dealer license as part of a two-phase strategy to enter the US market. This step will enable bunq to gather operational insights and user feedback before reapplying for a full banking license later this year.

3️⃣ Revolut is stepping up its global expansion: it’s taking on Amex with a new rewards-based credit card powered by its RevPoints system, and plans to add UK stocks to its platform as investors seek diversification amid Trump’s tariff threats. The company is also entering the mortgage market in the Czech Republic, launching a POS terminal in Portugal, and eyeing South Africa for its African debut with a full banking license. In Brazil, Revolut has introduced interest-bearing BRL accounts, metal debit card subscriptions, and is testing its first credit card in the country.

4️⃣ Nu México has reportedly been granted authorization to obtain a banking license in the country. The green light was given during the most recent Board of Governors meeting of the National Banking and Securities Commission (CNBV). With this license, Nu México will join a group of just over 50 banks currently operating in the country.

5️⃣ Monzo surpasses 12 million customers. This milestone comes on the back of strong product momentum, with Monzo giving its customers even more visibility and control over their money with multiple new products and features over the past year. Read more

6️⃣ Global Payments Inc. has struck a $24.2bn cash-and-stock deal to buy rival Worldpay from GTCR, less than two years after the private equity group bought a majority stake in the company. As part of a three-way deal, GTCR will receive 59% of the deal value in cash and the remainder in Global Payments stock.

7️⃣ BBVA closes its first venture debt financing deal in the UK with Plum, for £15 million, reaffirming its role as a key lender to the UK’s entrepreneurial ecosystem, an important region in its broader strategy. This will help Plum expand its business and improve profitability with the company aiming to sharpen its customer offering and broaden its range of products.

DEEP DIVES

📊 Real-time payments are reshaping financial systems worldwide. In September 2025, Colombia will join this shift with Bre-B, a new system designed to modernize digital transactions. According to ACI Worldwide’s report, “Real-time payments: Economic impact and financial inclusion,” this type of payments could bring over 5.1 million Colombians into the financial system by 2028 and boost GDP by US$282M. Read the full analysis by Sonia Gómez, ACI Director of Solution Consulting - LatAm.

📊 Open banking payments by Ecommpay. Discover how a full-suite open banking solution can streamline your payments, boost conversions, and eliminate the need for external providers. Access here

📊 Revolut 🆚 Starling Bank 🆚 Monzo Bank

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📊 Stablecoin transaction value in 2024 reached a five-year record high, hitting $15.6 trillion, and overtaking traditional payment firms Mastercard and Visa by more than 100%🤯

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That's all folks. Enjoy your weekend and see you next Sunday! 😉

Cheers,

Marcel