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Record Black Friday Lifts Klarna to 45% November Growth

Klarna, the global digital bank and flexible payments provider, today announces record Black Friday sales growth in the US, with volume (GMV) up 45% year-over-year for November 1 through Black Friday 28 November.

Growth has been seen across all categories, with footwear, technology, beauty and home goods performing particularly strongly as Americans made the most of Black Friday discounts.

Consumer Trends*

Tuesday, December 2, 2025 - 08:57
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Financial IT
TrueLayer Hits 20 Million Users as Pay by Bank Adoption Accelerates Across Europe

TrueLayer, Europe’s leading Pay by Bank network, today announced it has reached 20 million users across its network, marking a major milestone in the mainstream adoption of bank-based payments.

Tuesday, December 2, 2025 - 08:33
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Financial IT
Visa Helps Launch New Digital Wallets in Europe

Visa today announced it has enabled the launch of three brand new digital wallets across Europe, in partnership with BBVA, Klarna and Vipps MobilePay, and is collaborating with BANCOMAT on a pilot planned for early 2026.

These are the first Visa-enabled wallets to use NFC (Near Field Communication) technology to allow HCE (Host Card Emulation) on iOS wallets.

Tuesday, December 2, 2025 - 08:30
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Financial IT
YouTrip Launches in Australia, Giving Australian Travellers “Mates Rates, No Fees, All Day” & Up to 4% Savings on Overseas Spend

YouTrip, Asia Pacific’s leading multi-currency travel card trusted by millions of users with over US$15 billion annual transaction volume, today announces its launch in Australia. This marks the company’s first expansion after the COVID-19 pandemic. Its entry offers Australians a smarter, more cost-efficient way to travel, providing mates rates, no fees, all day, and up to 4% extra savings on foreign currency transactions.

Tuesday, December 2, 2025 - 08:23
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Financial IT
Droit Appoints RegTech Veteran to Boost European Sales Amid Accelerating Global Regulatory Change

Droit, a technology firm at the forefront of computational law and regulation, has appointed Jean-Marie Mamodesen as Regional Sales Director, tasked with driving growth within Continental Europe. Jean-Marie Mamodesen joins the Droit team in London.

Tuesday, December 2, 2025 - 08:15
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Financial IT
SaaScada’s 2026 Fintech Predictions: Barriers to AI, Stablecoins for Cross-Border Payments, and a Renewed Focus on Sustainability

In 2026, the financial services sector will find that it needs to change the way it utilises AI.   While there is talk of AI-native or agentic banks coming soon that can serve every global niche, the truth is that this requires deeper transformation, and many would struggle to implement more advanced AI use cases as they are hampered by legacy tech foundations and poor quality data. 

Monday, December 1, 2025 - 14:57
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Financial IT
Clara Announces USD 70 Million in Debt Financing to Support Growth of Payments Products in Mexico and Colombia

Clara, Latin America’s leading corporate spend management platform, announces USD 70 million in structured debt funding from BBVA Spark, Covalto, and the International Finance Corporation (IFC). The capital will fund Clara’s fast-growing corporate credit card and bill pay products as the company accelerates expansion of its operations in Mexico and Colombia. This funding complements Clara’s existing debt relationship with Goldman Sachs, with whom the company continues growing a relationship since 2022.

Monday, December 1, 2025 - 14:28
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Financial IT
DailyPay Names Caitlin Allen as Chief Brand and Communications Officer

DailyPay, the leading On-Demand Pay platform and financial wellness solution, has announced Caitlin Allen as its Chief Brand and Communications Officer, effective December 1, 2025. Allen will report to Nelson Chai, Chief Executive Officer, DailyPay.

Monday, December 1, 2025 - 14:22
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Financial IT
Paymentology Sets Out the Steps to Launching Card Programmes in Saudi Arabia

Paymentology, the leading global issuer processor, has released a new Quick Start Guide to help banks, fintechs and brands plan, build and run card programmes in Saudi Arabia. The guide is designed as a practical reference for teams that want to understand how issuing works in the Kingdom, from operating models and partner roles to regulation and local payment rails.

Monday, December 1, 2025 - 13:49
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Financial IT
Sokin Raises $50M Series B Following 100% Year-on-Year Growth

Sokin today announced it has secured $50 million in Series B funding to accelerate its global expansion and product capabilities. The round was led by Prysm Capital (“Prysm”) and joined by Watershed Ventures, with continued participation from investment funds managed by Morgan Stanley Expansion Capital, Aurum Partners, Gary Marino, former Chief Commercial Officer at PayPal and Mark Britto, former Chief Product Officer at PayPal.

Monday, December 1, 2025 - 12:25
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Financial IT

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