Ant Group Exits Paytm, Fexco Buys Sainsbury’s Travel Money
Hey Payments Fanatic!
It’s summer up here (not for you in the Southern Hemisphere 😅), but the payments industry isn’t standing still, there have been some interesting moves:
Firstly, The Farewell Stake: Ant Group is set to sell its remaining 5.84% stake in Paytm, ending a long-running bet on Indian FinTech.
The $456 million deal follows a series of stake reductions and comes as Paytm’s stock enjoys a five-month, 52% rally.
Secondly, The Retail Exit: Ireland’s Fexco has acquired Sainsbury’s Travel Money for an undisclosed sum, marking another step in the UK retailer’s retreat from financial services. Not long ago, Sainsbury also sold its other financial products to NatWest Group and NewDay Group.
But the stories don’t end here, scroll down for more on Ant Group, Fexco, and other payments news 👇
Cheers,
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A comparison on Q1 2025 Financial Results:
NEWS
🇳🇱 Airwallex sees significant growth in the Netherlands, with revenue up 199%, plus new customers and team expansion. Airwallex’s growth in the market is a testament to impressive client wins, nearly tripling its customer base in the same period.
🇧🇷 dLocal revolutionizes Pix payments in Brazil with SmartPix, enabling unique 'Pix on File'. SmartPix is a QR-free, frictionless payment experience for the end user and is expected to achieve higher conversion and user retention. dLocal’s new solution excels in situations where the amount can vary each time.
🇸🇦 ACI Worldwide and iNet extend partnership to bolster FinTech growth in Saudi Arabia. Under this partnership, iNet will deploy and manage a Point of Sale (POS) infrastructure using ACI Postilion to deliver fast and seamless omnichannel transaction processing while staying compliant with evolving regulatory standards.
🇨🇴 Is Colombia ready to go cashless? Bre-B could change everything. This new system, promoted by the Bank of the Republic and with the technological support of ACI Worldwide, promises to modernize the country's financial ecosystem, moving away from its dependence on cash.
🇧🇷 GOL Linhas Aéreas expands payment choices for passengers in partnership with CellPoint Digital. CellPoint Digital has fast-tracked the deployment of these payment methods to help GOL further improve passenger experience by offering a wide range of payment methods that its customers use domestically and internationally.
🇺🇸 U.S Neobank Slash debuts stablecoin with Stripe's Bridge for global business payments. The product, called the Global USD Account, is aimed at companies seeking U.S. dollar access and cross-border payments without a U.S. bank account. Read more
🌎 Noah and VelaFi to bring real-time stablecoin B2B payments to Latin America. The partnership is to expand access to virtual USD and EUR accounts with real-time stablecoin settlement. This alliance brings together two complementary forces in modern finance.
🇿🇦 Paymentology launches PayoCard to expand mobile-first access to card services across South Africa. PayoCard simplifies that process with a plug-and-play platform that allows issuers to rapidly offer secure, self-managed card features, from real-time balance updates to PIN resets, card freezes, and in-app support, all via a single mobile interface.
🇺🇸 Remitly harnesses the power of stablecoins for cross-border payments. Remitly is introducing the Remitly Wallet, a secure, multi-currency store of value for both fiat currencies and stablecoins. The wallet provides a safe and flexible way to hold and use funds across borders within a centralized, trusted environment.
🇬🇧 Blink Payment connects with Cashflows. The partnership positions Cashflows as a Blink Payment key acquiring partner, enabling Blink Payment to leverage Cashflows’ robust and responsive acquiring infrastructure. Continue reading
🌍 Trust Payments seals new partnership with Orchestr. With Trust Payments’ acquiring, merchants across Europe can rest assured that a regulated financial institution and international payment is able to offer them many of the same services as banks, including taking care of processing payments from any sales channels.
🇮🇳 Paytm block deal: China's Ant Group to exit FinTech major. Chinese e-commerce major Alibaba Group's firm, Antfin, plans to sell its remaining 5.84% equity stake in Paytm through block deals, with the transaction estimated to be worth around ₹3,845 crore.
🇬🇧 Irish payments and FX firm Fexco buys Sainsbury's Travel Money. The acquisition expands Fexco's UK retail presence to more than 460 locations as the company looks to extend its travel money services across the UK. Continue reading
🇬🇧 PayPoint launches open banking payments into the housing sector with Thirteen Group. This trailblazing move marks a significant leap forward in how Thirteen customers manage and pay their rent, adding a new way to pay that is faster, safer, and more convenient than traditional card payments.
🇺🇸 Coinbase and PayPal press forward with stablecoin rewards despite GENIUS prohibitions. Coinbase and PayPal promised shareholders that both companies will remain committed to offering enticing “rewards programs” to stablecoin holders. Read more
🇺🇸 Mastercard denies censorship allegations, and Valve says they are to blame. In a new statement, the major payment processor clarified that it was only acting under local law and not at its discretion. This excuse aligns with the government bodies pushing towards digital ID globally.
🇮🇳 Digital payment companies and the National Payments Corporation of India seek a pause on the consent clause. Payment companies have sought an exemption from the Digital Personal Data Protection Act provisions that require user consent for each transaction. The mandate will lead to a rise in cost and complexity.
🇧🇷 Olist acquires FinTech Flip and adds credit to its ecosystem of solutions for SMEs. With the arrival of Flip, Olist expands its financial services offering, now offering receivables anticipation in a simple, fast, and affordable way for small and medium-sized entrepreneurs, a decisive step in addressing one of the biggest structural barriers for this segment: access to credit.
🇺🇸 Push to add ‘Buy Now, Pay Later’ loans to credit scores hits a snag. Klarna, one of the biggest providers of popular loans, said it wouldn’t share data about the bulk of its loans with credit bureaus until it gets assurances that its customers won’t be unfairly penalized for using its payment options.
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