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TrueLayer Faces Rising Losses Despite Revenue Surge

TrueLayer Faces Rising Losses Despite Revenue Surge

Hey Payments Fanatic! TrueLayer, the UK-based payments company backed by Stripe, is seeing pre-tax losses soar nearly 40% to £55.6 million, up from £40.3 million last year. This comes despite the company tripling its revenue year-on-year. According to recent filings, TrueLayer has cut costs through restructuring, laying off

Lightspeed Considers Potential Sale

Lightspeed Considers Potential Sale

Hey Payments Fanatic! Lightspeed Commerce a Canadian payments software maker is exploring strategic alternatives, including a potential sale. This news comes as Lightspeed works with financial advisors to navigate its next move in an increasingly competitive landscape. The Montreal-based company, known for its payments software widely used by restaurants and

Checkout.com Reports 40% Revenue Growth and Unveils New Product Innovations

Checkout.com Reports 40% Revenue Growth and Unveils New Product Innovations

Hey Payments Fanatic! I’m currently in Barcelona, where I was invited by our sponsor, Checkout.com, for the Thrive event, supporting our newly announced FinTech Running Club. We had a fantastic run yesterday morning, and I’m excited to log a few more miles today. If you’re interested

Mastercard Expands AI Tech to Help Banks Stop Scams in Real Time

Mastercard Expands AI Tech to Help Banks Stop Scams in Real Time

Hey Payments Fanatic! In a bold move to combat the growing threat of Real Time Payment scams, Mastercard has upgraded its Consumer Fraud Risk (CFR) solution, offering new AI-powered insights to UK banks. These enhancements come just in time, as new regulations from the UK’s Payment Systems Regulator (PSR)

Wise Business Launches Free Invoicing Tool for SMBs

Wise Business Launches Free Invoicing Tool for SMBs

Hey, Payments Fanatic! Wise has introduced a new invoicing feature, now available within the Wise Business account. This free service streamlines the process of creating invoices, managing payments, and tracking finances, all in one place. Now Wise Business customers can: * Create and issue professional, well-formatted invoices – which can be automatically

Walmart to Launch Instant Bank Payments, Bypassing Card Networks

Walmart to Launch Instant Bank Payments, Bypassing Card Networks

Hey Payment Fanatic! Walmart is upgrading its pay-by-bank option for online shopping, offering instant transfers that bypass traditional card networks like Visa and Mastercard. Currently, payments through Walmart Pay can take up to three days to process, but the new system will provide instant transaction updates for customers and Walmart

MSB and TerraPay Team Up to Improve Cross-Border Transfers

MSB and TerraPay Team Up to Improve Cross-Border Transfers

Hey, Payments Fanatic! The Bank of England forecasts that the cross-border payment market will grow by more than USD 100 trillion over the next decade, exceeding USD 250 trillion by 2027. As digitization accelerates, the need for real-time global payments is becoming more urgent. However, unlike domestic transfers, international money