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A third of UK online merchants invest in payments upgrades as customers abandon baskets

Research by Tink revealed retailers are worried about how their business will survive the next 12 months and are prioritising reducing payments-related costs.

Curve to launch BNPL-style lending product in 2023 following $1bn Credit Suisse deal

The financial super-app said the deal will enable it to scale its lending business, Curve Flex.

Airwallex teams up with Plaid to offer instant payments

Together, the companies will provide an integrated payments solution that can streamline Automated Clearing House payments for US customers.

Canadian consumers’ awareness of Open Banking is low but ‘encouraging’

The findings of joint research by Open Banking Expo and EQ Bank has been published in a new report, ‘Open Banking in Canada: Gauging consumer readiness’.

Turkey launches Open Banking infrastructure

The country’s central bank announced that six banks have started to provide services in the area of payments, through GEÇİT, the new Open Banking Gateway.

TCS: Banks should give consumers ‘insights’ to get their attention

Tata Consultancy Services’ VP and CTO of the banking unit Ram V told delegates at Open Banking Expo Canada that consumer behaviours are changing.

Central banks of France and Luxembourg take part in wholesale CBDC experiment

The ‘Venus Project’ saw the issuance of a €100 million digital native bond by the European Investment Bank under Luxembourg law, and settled using a tokenised representation of euro central bank money.

Platform for Black and Latino banking services Greenwood secures $45m investment

In addition to the funding, led by Pendulum, Greenwood unveiled a new career and lifestyle membership scheme.

Tide acquires Funding Options

Digital business banking platform Tide has announced it will acquire a leading data-driven marketplace for business finance Funding Options, subject to FCA approval.