Newsazenplay.comSky 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.
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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.
UK banks began a fundraising effort to create a new domestic payments infrastructure that could compete with card-network rails. The initial target was around £50 million from banks, lenders, and payment services providers.
Payments & fintechNuvei and Kolleno announced a partnership focused on AI-driven B2B payment collection. The deal adds to a week of payments-sector moves centered on automation and collections infrastructure.