Newsazenplay.comSky News reported that major UK banks are launching a fundraising process to build a new domestic payments infrastructure. The proposed system is described as a potential alternative to Visa and Mastercard’s card networks.
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Payments & fintechAmazon and Openbank Pay have launched a flexible payments offering in Poland. The report appears in a payments news roundup and points to card-linked or embedded financing functionality for merchants and shoppers.
Sky News reported that major UK banks are launching an equity raise to fund a new domestic payments infrastructure provider. The company could evolve into an alternative to Mastercard and Visa in the UK market.
ACI Worldwide said nearly half of banks and fintechs are already using or piloting stablecoins for cross-border transfers. The report framed stablecoin adoption as a way to reduce transfer costs and speed up international payments.