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BLIK's Record-Breaking H1 2024: 1.1 Billion Transactions and 46% Surge in Value

BLIK's Record-Breaking H1 2024: 1.1 Billion Transactions and 46% Surge in Value

Hey Payments Fanatic! BLIK saw impressive growth in the first half of the year, with over 1.1 billion transactions—up 40% from last year. The most significant increase was in POS payments, which rose 58% to 258 million, with over 100 million being contactless. However, online payments dominated, making

The Latest on Bolt’s Controversial Funding Strategy

The Latest on Bolt’s Controversial Funding Strategy

TGIF! 😉 Bolt’s latest move to raise $450 million at a potential $14 billion valuation is stirring controversy. The one-click checkout startup, led by founder Ryan Breslow, has proposed a deal that pressures existing shareholders to either buy more shares at higher prices or risk having their shares bought

Bolt's Founder Comeback: High Costs and Investor Backlash

Bolt's Founder Comeback: High Costs and Investor Backlash

Hey Payments Fanatic! Investors in Bolt are expressing concerns over the costly terms of Ryan Breslow's potential return as CEO. Breslow, who co-founded Bolt and left in 2022, would receive a $2 million bonus and $1 million in back pay, along with $750,000 in reimbursed expenses.

PayPal and Adyen Expand Partnership to Launch Fastlane in the U.S.

PayPal and Adyen Expand Partnership to Launch Fastlane in the U.S.

Hey Payments Fanatic! PayPal announced that it is expanding its strategic partnership with Adyen, becoming the first distribution partner to offer Fastlane in the U.S. Within the expanded partnership, Adyen will offer Fastlane by PayPal to accelerate guest checkout flows for its enterprise and marketplace customers in the U.

iPhone Tap-to-Pay with USDC Coming Soon as Apple Opens Up NFC Technology

iPhone Tap-to-Pay with USDC Coming Soon as Apple Opens Up NFC Technology

Hey Payments Fanatic! iPhone users will soon be able to pay with USDC by tapping their device as Apple opens up development on its smartphone's secure payment chips to third-party developers. Circle CEO Jeremy Allaire recently took to X to share the news, stating, “Tap to pay

UK FinTech Curve Intents to Join Apple’s Newly Opened NFC Ecosystem

UK FinTech Curve Intents to Join Apple’s Newly Opened NFC Ecosystem

Hey Payments Fanatic! Apple has recently announced plans to open its NFC ecosystem to third-party payment providers, signaling a significant change in its traditionally closed approach. In light of this, UK-based FinTech company Curve has declared its intention to join Apple’s platform. Curve CEO and founder Shachar

Adyen Exceeds Profit Expectations with Strategic Expansion

Adyen Exceeds Profit Expectations with Strategic Expansion

Hey Payments Fanatic! Payments giant Adyen has outperformed expectations with a 32% rise in core profit to €423.1 million for the first half of 2024, surpassing analysts' forecasts of €413.39 million. This strong performance, driven by market share gains and slower hiring, boosted Adyen's shares