Fintech
Innovation in financial technology — digital payments, neobanks, blockchain, and more.
Mynt priced $845 million Philippine GCash IPO after strong demand
Mynt priced the GCash parent’s Philippine IPO at PHP6.60 a share, targeting about PHP53 billion in proceeds before the fintech company’s scheduled 20 October market debut.
Citi and Coinbase Expanded Stablecoin Payment Rails for US Businesses
Citi and Coinbase introduced two US-first services linking fiat accounts with stablecoin payments, allowing enterprise merchants to receive fiat settlement without directly managing digital assets.
Bank of America added AI payment benchmarking to CashPro treasury platform
The bank’s new CashPro capability analyses payment efficiency, cross-border flows and working-capital performance on U.S. accounts and compares results with industry peers across treasury operations.
UK banks moved tokenised sterling through live customer payments
Banks in the seven-member GBTD initiative used tokenised sterling deposits for two live remortgage completions and a consumer marketplace payment, moving programmable commercial-bank money across a shared platform.
BNP Paribas signed five-year Google Cloud agreement for agentic AI rollout
BNP Paribas will deploy Google Cloud infrastructure and Gemini models under a five-year agreement, with agentic AI agents planned first for corporate credit memos and further applications across sales, trading, research and structuring.
DBS and Avaloq expand Asian wealth partnership towards S$1 trillion target
DBS and Avaloq signed a memorandum of understanding to expand their 18-year wealth-technology partnership, supporting the bank’s target of S$1 trillion in retail and wealth assets under management by 2030.
Citi launches US commerce-media platform using insights from 70 million customers
Citi launched a US commerce-media platform that combines transaction insights from more than 70 million customers and 6.5 billion annual card transactions with advertising and campaign measurement.
Airtel Money announces London flotation targeting $8 billion to $9 billion valuation
Airtel Money announced plans for a separate London flotation, with reports indicating an $8 billion to $9 billion valuation and roughly $800 million of existing shares to be sold in the pan-African payments business.
SoFi begins settling $25 billion annualised card programme in SoFiUSD
SoFi began settling its debit and credit card programme, representing more than $25 billion in annualised volume, through the bank-issued SoFiUSD stablecoin on Mastercard’s payments network.
Paymob raises $35 million to expand payments across Middle East
Egypt-founded payments company Paymob raised $35 million in a pre-Series C round led by Mubadala and EBRD to broaden its merchant-payment services across the region.
Moneyview sets ₹32–₹34 price band for ₹10.92 billion India IPO
Moneyview set a ₹32–₹34 price band for its ₹10.92 billion India IPO, opening 24 September and implying a valuation of nearly ₹59.85 billion at the top end.
ECB launches Pontes platform for wholesale blockchain settlement in central-bank money
The ECB launched Pontes with 13 initial market participants, connecting eligible distributed-ledger platforms to TARGET Services so wholesale transactions could settle in central-bank money from 21 September.