Four million six hundred thousand dollars borrowed by a chief executive officer contrasts sharply with unpaid workers at military humanoid robot maker Foundation Future Industries, according to people with direct knowledge of the matter reported by CNBC. Workers have yet to receive paychecks after the San Francisco startup missed payroll on Oct. 30. Sankaet Pathak, … Read more
PhonePe and Revolut are expanding their international footprints through divergent regulatory strategies, with the former pursuing new licenses and the latter acquiring existing banking institutions. As reported by PYMNTS, PhonePe recently secured in-principle approval from the Central Bank of the UAE for retail payment services, while Revolut received approval from Argentina’s central bank to acquire … Read more
India’s Unified Payments Interface (UPI), the world’s largest real-time retail payments system by volume, is set to introduce a 0.4% merchant fee for transactions exceeding 2,000 rupees ($20.84), according to an announcement by the National Payments Corporation of India (NPCI). While person-to-person transfers will remain free at the point of use, the upcoming change alters … Read more
KPay secured US$55 million in a Series A funding round led by London-based investment firm Apis Partners, according to company disclosures. Founded in Hong Kong in 2021 by chief executive officer Davis Chan, the fintech firm operates as a financial management platform for small and medium-sized enterprises (SMEs) across Asia, providing integrated payment terminals, software-as-a-service … Read more
Global Signal Exchange Unveils Advanced Tools to Combat Digital Fraud The Global Signal Exchange (GSE) made waves at the ScamReady ASEAN summit in Kuala Lumpur with the release of version 2.6.0 of its fraud intelligence platform. This update introduces enhanced features like the GSE Compass tool, which now supports multi-country queries and real-time data sharing … Read more
PayPal Restructures, Signaling Potential Shift in Digital Payments Landscape Enrique Lores, CEO of PayPal, is reorganizing the company’s structure to separate Venmo into a standalone segment, a move that could pave the way for a potential sale or strategic partnership. This decision, revealed to managers this week, reflects a broader effort to reignite growth and … Read more
Revolut’s Surge in Profits and Expansion Plans Signal a Shift in Singapore’s Fintech Landscape Revolut, the UK-headquartered fintech giant, has reported a significant increase in net profit, jumping 65 percent to US$1.7 billion in 2025, up from US$1 billion the previous year. Revenue also climbed to US$6 billion, driven by card payments, interest income, and … Read more
Prediction Markets Face Regulatory Storm: A Looming Battle Between States and the Federal Government Kalshi, a leading online prediction market, is currently navigating a turbulent legal landscape. This week alone, the company faced criminal charges in Arizona and a temporary ban in Nevada, signaling a growing resistance from states to the burgeoning prediction market industry. … Read more
Revolut Data Scare Highlights the Perilous Trade-off Between Convenience and Security in Crypto A recent incident involving a former Revolut employee attempting to extort a customer for crypto has reignited the debate surrounding data security within the fintech industry. The ex-employee allegedly accessed personal details from internal systems and threatened to leak Know Your Customer … Read more
UAE Leads the Charge: Blockchain’s Transition from Experiment to Economic Infrastructure The United Arab Emirates (UAE) is rapidly solidifying its position as a global leader in blockchain technology, moving beyond pilot projects and experimentation to large-scale, regulated implementation across both its financial and public sectors. New research from The Blockchain Center Abu Dhabi, in collaboration … Read more