It’s a new month and time for some fresh banking news and fintech developments. The biggest headline to start the week is OPay’s withdrawal from its IPO. Here’s a look at what else fintechs are up to in this week’s list of the top news. We’ll continue to update this post with news throughout the week.
Payments
Paysafe appoints gaming industry veteran Rob Schonfeld as Chief Revenue Officer.
Pathfinder raises $12 million Series A to simplify how families use education savings account funds.
Thunes and UnionPay International transform payments to China’s mainland, launching high-capacity instant payouts.
Stablecoins and tokenized deposits
Mastercard-powered OKX Card goes live in the US.
Uber uses HSBC tokenized deposits to complete pilot of a first-ever on-chain liquidity and settlement solution on a public network.
Hong Kong enables around-the-clock settlement for tokenized deposits.
Digital banking
Galaxy Digital applies for OCC charter.
Investing
Premialab partners with BlackRock’s investment management platform Aladdin.
Commerce
Bilt acquires sports loyalty technology leader LAVA in $300 million deal.
Sunrate launches agentic card to enable AI-driven business payments.
Photo by Nelly Antoniadou on Unsplash