Daily News

Hey Payments Fanatic! Mumbai-based Kiwi, the virtual RuPay credit card app powering credit-on-UPI, is set to raise $23M led by Vertex Ventures, with Nexus and Stellaris participating. The round would likely value Kiwi at $100M+ post-money, nearly doubling from its 2023 Series A ($65M valuation). With the RBI and NPCI

Hey Payments Fanatic! Thailand just rolled out TouristDigiPay, a regulated system that lets foreign visitors convert crypto into baht for spending. No cash withdrawals are allowed. Tourists must register with both a licensed digital asset provider and an e-money provider, ensuring KYC and AML compliance. Funds sit in a regulated

Hey Payments Fanatic! SoftBank’s PayPay has confidentially filed with the SEC for a US IPO of its American depositary shares. The timing, size, and price are still undecided, with the listing subject to market conditions and SEC review. SoftBank has been moving to monetize assets, including a recent $3B

Hey Payments Fanatic! You know I don’t like starting the day with bad news, but this one you can’t miss. Adyen just had its worst day since 2023, wiping out nearly €9B in market value 🤯 Shares plunged 18% after the payments giant scrapped its forecast for faster growth

Hey Payments Fanatic! Nedbank, one of South Africa’s largest banks, is set to acquire payments startup iKhokha in an all-cash deal worth $90 million. This move will merge Nedbank’s established banking infrastructure with a platform already relied on by thousands of SMEs for payments, working capital, and business

Hey Payments Fanatic! I have an exciting announcement: I’ve launched the FinTech Quiz! The first quiz is live now, and this round closes on August 14th at 12:30 PM CEST. If you’ve been reading my newsletters for a while, you know I love sharing the latest deals,