Revolut Taps Alipay and a $48B Opportunity

Hey Payments Fanatic!

Revolut just unlocked money transfers to China via Alipay, marking a calculated step into one of the world’s biggest remittance corridors. The move promises speed, stability, and a reach that goes well beyond Singapore.

It’s also just one piece of Revolut’s broader expansion playbook. From Asia to Latin America and the Middle East, FinTech is quietly building something much bigger.

Scroll down - we’re tracking what it all adds up to and more updates on the payment scene.

Cheers,

Marcel

INSIGHTS

🎤 Disruptions that will define the sector in 2025 by PagoNxt. The episode features insights from industry leaders, including Jose Luís Calderón (CEO of PagoNxt Payments), Beatriz Giménez (Country Manager of PayPal Spain), Paco Salcedo (Country General Manager and President of Microsoft Spain), and Arthur Bedel (Co-Founder of Connecting the Dots).

NEWS

🇨🇴 PayJoy chose Pomelo for its successful launch in Colombia. The PayJoy card, powered by Pomelo, serves as an additional credit solution designed to enhance customer access to flexible payment, usage, and loyalty options. The card is available in physical and virtual formats, ensuring secure, fast deployment.

🇨🇱 Getnet Expands Presence in Chile’s Iconic Food Scene with Grupo Cadaqués. Getnet’s technology now supports fast and secure transactions at establishments that have defined Chile’s food culture for generations. The mobile solution streamlines the customer experience, delivering quick and seamless payments from table to counter.

🇨🇳 Revolut has partnered with Ant International using Alipay to enable its customers to send money to China in Chinese Yuan. The partnership aims to provide compliant and efficient cross-border remittance services for users. Continue reading

🇬🇧 Finmo, the Treasury and Payments Platform, secures UK EMI license and expands its global footprint. With the EMI license, Finmo is now authorized to issue electronic money and offer a range of payment services in the UK, including account issuance, domestic and cross-border fund transfers, and foreign exchange transactions.

🇬🇧 Yaspa to provide business accounts and payment services for merchants with Vialet integration. The partnership builds on VIALET’s deep experience as a European FinTech, offering specialized business accounts and a full suite of payment services designed for digital businesses. 

🇪🇺 Broadridge enables compliance with EU instant payment regulations. This move follows robust take-up by European banks, reflecting Broadridge’s commitment to enhancing the speed and efficiency of financial transactions across the continent.

🇸🇬 ShopBack goes beyond rewards with MAS Nod for payments license. This allows ShopBack to enable merchants to accept payments and let customers pay using ShopBack Pay, all under its licensed infrastructure. The approval marks a key step in ShopBack’s efforts to deepen its payment capabilities in Singapore.

🇨🇳 Hong Kong to launch stablecoin licensing in August. Its stablecoin licensing regime, set to begin on August 1, is drawing significant interest from the region’s financial and tech heavyweights, with local media in China reporting that over 40 applications have been received.

🇧🇭 Pay10 secures a payment services license from the Central Bank of Bahrain. The license, issued under the Ancillary Services Provider framework, enables Pay10 to integrate directly with Bahrain’s domestic payment systems, including the Fawri+ real-time payments network.

🇨🇳 Vietnamese users can link UnionPay cards to Alipay and WeChat Pay for convenient payments in China. This partnership enables Vietnamese travelers, students, and professionals to make secure and efficient payments via QR codes at numerous locations, including retail, dining, transportation, and tourist attractions.

🇨🇦 Adyen launches capital for Canadian platform customers. With Capital, Adyen enables platforms to offer customers quick funding through a simple request process, helping Canadian businesses manage pain points and capitalize on opportunities to grow their businesses.

🇦🇺 Worldpay expands platforms offering to meet embedded finance demand. The expansion brings Worldpay for platforms to Canada and the U.K. and deepens the company’s presence in Australia. The offering lets software providers embed “highly secure, scalable” payment experiences into their platforms.

🇧🇩 Pathao launches digital wallet Pathao Pay. The digital wallet is designed to redefine how users transact, access, and manage money in their everyday lives. Users can seamlessly handle their everyday finances, whether it's ordering food, booking rides, splitting dinner bills, or sending money to friends.

🇪🇬 LemFi extends its payment services to Egypt. This strategic expansion positions it to provide its service offerings to Egypt’s massive diaspora community, building on the country’s growing adoption of the digital payments market. The expansion also positions LemFi as a reliable partner across the North Africa corridor.

🌍 Zimpler introduces ID+, a Next‑Gen identification layer for digital payments. It announced the launch of Zimpler ID+, a new identity layer designed to simplify compliance and accelerate user conversion within digital payment environments.

🇦🇺 Commonwealth Bank and Westpac reveal major payment changes for millions of customers. Mastercard’s Click To Pay allows customers to pay online without having to manually type in all their payment details and is designed to stamp out card-related fraud, which costs Aussies more than $2 billion a year.

🌍 MoonPay introduces Apple Pay integration for instant and fee‑free crypto top‑ups. This new integration marks a significant step in MoonPay’s mission to simplify and democratize access to digital assets. Continue reading

🌍 Flutterwave’s send app returns to Europe and boosts remittance options for the African diaspora. The relaunch includes new security upgrades, expanded payment options, and coverage across multiple European countries. Keep reading

🇨🇭 Tether holds an $8 billion pile of gold in a secret Swiss vault. The El Salvador-based crypto company now holds nearly 80 tons of gold, it said. The vast majority of that is owned by Tether directly, making it one of the largest gold holders in the world outside of banks and nation-states.

🇺🇸 PayJunction integrates with Twilio for AI-driven voice payments. Through this integration, PayJunction merchants can now deploy AI-driven Interactive Voice Response solutions that securely process payments over the phone and eliminate manual processes, saving time and money.

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