Florida AG Sues Yodlee, Trustly & Worldpay Over Sweepstakes Casinos
Hey Payment Fanatic!
Jason Mikula broke this one, and it’s a pretty important one for payments. Florida’s Attorney General has filed two lawsuits targeting sweepstakes casino operators, and the cases also name Yodlee, Trustly, Worldpay, Praxis, and Breeze Labs as payment providers.
Florida alleges that these companies helped provide the financial rails for gambling operations that violate state law, and argues that the processors were “willfully blind” to previous enforcement actions involving their customers. The lawsuits are seeking the recovery and forfeiture of money connected to the alleged illegal gambling.
For payments, the bigger takeaway is pretty clear: providing the rails can also mean taking on the risk. PSPs and payment providers are increasingly expected to understand not just how money moves, but who they are moving it for and what sits behind the transaction.
On that note, AppsFlyer looks at long-term customer value, while Maple traces how trust and risk have shaped credit from ancient lending to onchain finance.
More payments news below 👇 See you Monday!
Cheers,
INSIGHTS
💡 AppsFlyer: Inside Fintech Growth and Attribution. In this Q&A, Lesia Kupriienko, AppsFlyer’s Industry Lead for Finance, discusses how fintechs can connect marketing, product, and data around a shared view of ROI. She covers stablecoin infrastructure, fraud and growth collaboration, AI-driven efficiency, privacy constraints, customer re-engagement, web-to-app journeys, and why acquisition and retention should be treated as one growth strategy. One key takeaway: cheap CAC does not necessarily mean better growth — retention and LTV need to be part of the equation. Read the full interview here
NEWS
🇸🇦 SNB Group launches the first World Legend Mastercard in the Middle East and North Africa region, targeting Private Banking clients with Mastercard's most prestigious tier. The card marks the debut of World Legend in the MENA market.
🇨🇦 Klarna launches in-store at GARAGE and DYNAMITE, expanding BNPL to over 300 physical locations across Canada, the U.S., and the UK. Shoppers scan a QR code at checkout to split eligible purchases into interest-free installments.
🇨🇴 Alianza Fiduciaria launched its first prepaid card with Pomelo's infrastructure in Colombia. The digital card lets clients spend investment fund returns directly, tokenizable via Apple Pay and Google Pay with dynamic CVV security.
🌎 DEUNA and PayPal bring the full PayPal ecosystem to enterprise merchants through a single API integration. The expanded partnership activates PayPal Wallet, Venmo, and Pay Later across every market where DEUNA operates.
🌍 TerraPay and Deutsche Bank expand global payment connectivity through a new collaboration. TerraPay gains access to Deutsche Bank's correspondent banking network, strengthening USD settlement and cross-border efficiency.
🌏 Tenpay Global and ShopeePay launch China QR payments, enabling Chinese tourists to pay at ShopeePay merchants across Southeast Asia. The collaboration connects WeChat Pay users to local merchant networks in the region.
🇭🇰 BOCHK and Ant International forge a strategic partnership to enhance cross-border payment connectivity and corporate financial services. The collaboration leverages FinTech to improve payment efficiency and innovative solutions for corporate clients across borders.
🇵🇱 BLIK delivers a strong first half of 2026, processing 1.6 billion transactions worth €56.56 billion. Active users reached 21.6 million, up over 2 million YoY, with transaction volume growing 13% and value rising 18%.
🇩🇪 Eurvon expands the EURV digital payment ecosystem, connecting customers with participating merchants across hotels, retail, restaurants, and online businesses. The Berlin-based platform focuses on simple, secure digital payments for everyday commerce.
🇺🇸 Stripe's net revenue grew 41% YoY in the first half of 2026. Billing revenue jumped 71%, free cash flow hit 43%, and the company shows no rush toward an IPO.
🇬🇧 Modulr becomes the only non-bank payment service provider with direct access to all three major UK payment schemes. The company is now a direct CHAPS participant, settling directly at the Bank of England alongside its existing Faster Payments and Bacs access.
🇺🇸 Xero accelerates US growth, adding embedded payroll powered by Gusto and Melio Expense Management. The updates unify accounting, payments, payroll, and tax in one platform, showcased alongside new agentic AI capabilities at Xerocon US.
🇺🇸 Ramp launches Router.com to cut companies' rising AI bills by routing each request to the lowest-cost model meeting performance requirements. Customers already using Router have reduced inference costs by 40% on average.
🇨🇳 Ant International's FalconTST Model 2.0 achieves state-of-the-art results, elevating predictive AI application in finance. The upgraded model targets time-series forecasting for financial use cases across Ant's global network.
ARTICLE OF THE DAY
💡 Maple: Four Thousand Years of Credit — and the Chapter We’re Writing Now. Maple traces the evolution of lending from ancient contracts and community enforcement to banks, fintech, and onchain credit, arguing that the core problems of trust, risk, default, and liquidity have remained largely unchanged. The difference today is the infrastructure: blockchain can make property rights and loan terms enforceable by code, while transparent onchain data can improve how credit risk is assessed and monitored. Maple sees this shift as a path toward more open, global access to credit and yield, with stablecoins, tokenization, and zero-knowledge proofs playing an increasingly important role. Read the full article here
🇭🇰 RedotPay secures its first U.S. Money Transmitter License, with applications pending in over 20 additional states. The crypto card platform serves 8 million users and generates approximately $180M in annualized revenue.
🇦🇪 Bitcoin.com Wallet integrates UAE-regulated stablecoin USDU, issued by Universal Digital Intl. in Abu Dhabi Global Market. Users can hold, send, and receive USDU on Ethereum while maintaining full self-custody of private keys.
🇺🇸 Elon Musk's X is exploring stablecoins to pay influencers and content providers. Conversations are ongoing according to a person who also works with other social platforms testing stablecoin payouts.
🇺🇸 MoonPay launches onramps and offramps for ctUSD, Citrea's Bitcoin-native stablecoin. The integration connects on-chain collateral to fiat rails, live in the U.S. and over 120 countries.
🇺🇸 Stripe agrees to acquire OpenRouter, an AI model gateway routing requests across 400+ models from 80+ providers. The deal strengthens Stripe's push to help businesses optimize token costs alongside payment revenue.
🇺🇸 Cash App settlement forces Block to pay 46 states $45M, plus back $120M in CFPB restitution. A bipartisan coalition alleged Block misled consumers about fraud protections while failing to require basic identity verification at sign-up.
🇳🇱 Adyen appoints Nicole Olbe as EMEA President, effective September 1, succeeding Alexa von Bismarck. Olbe joins from her role as Managing Director of UK and Ireland, a position she held for three years before taking on the broader regional leadership.
🇨🇦 Versapay names Glen Braganza as CFO to drive financial strategy during its next growth stage. He brings over 20 years of leadership across payments and software businesses including Worldpay and EasyPark.
Trusted reach among senior decision-makers in FinTech, Payments & Banking.
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