Money20/20, the world’s leading fintech show and the place where money does business, concluded three industry-changing days of fintech conversations, networking and impactful industry nights on April 23rd- 25th at the Queen Sirikit National Convention Center (QSNCC) in Bangkok, Thailand. 

Over 3m people across the UK admit they have been forced to borrow from illegal lenders in the last 12 months, reveals research from responsible lender Creditspring.

A third (31%) of people in the UK say they currently feel stuck and that there is nothing they can do to improve their financial situation** – this has led to almost one in twelve (6%) UK adults to borrow from an illegal lender in the past 12 months.

Cover Genius, the leading insurtech for embedded protection, today announced its $80 million Series E funding round. Despite the tech funding slowdown, the round was led by Spark Capital with support from existing investors, including Dawn Capital, King River Capital and G Squared.

Mastercard has collaborated with ABHI, an embedded finance platform backed by Hub71, to strengthen financial payments landscape across the UAE. Through this collaboration, ABHI will offer its users access to the Mastercard-powered Salary Advance Cards, thereby enhancing the accessibility of international and domestic online payments for ABHI’s Earned Wage Access (EWA) users.

The way people pay and get paid has changed more in the past five years than in the last 50. Consumers have evolved, adapting to new payment experiences – from the advent of embedded, digital commerce to the rapid adoption of “the tap.” Today at the annual Visa Payments Forum in San Francisco, Visa unveiled new products and services that will revolutionize the card and address the future needs of businesses, merchants and consumers and the financial institutions that serve them.

Despite Britain announcing last week that it is officially out of recession, Brits are increasingly turning to prepaid cards and adjusting their spending habits to manage the ongoing cost of living crisis and to avoid debt, according to a new survey conducted by research firm Opinium, commissioned by leading online prepaid payment firm Recharge. 

BVNK, the payments infrastructure provider, announced today that it has integrated the stablecoin PayPal USD (PYUSD). Paxos Trust Company, overseen by the New York Department of Financial Services (NYDFS), is the sole issuer of PYUSD. Please note PYUSD is not regulated in the UK. Don’t invest unless you’re prepared to lose all the money you invest.

MHP Group, the leading integrated communications consultancy, has today launched new research revealing a returning sense of optimism among Europe’s fintech leaders after a challenging period for the industry. The report Reputation and the future of European fintech: Powering growth through Effective Communications analyses the views of over 50 senior fintech leaders across the UK, France, Germany, Italy, and Spain.

Ayruu, the all-in-one business travel company, has chosen Edenred Payment Solutions to provide virtual cards in its workflow, to make paying suppliers and travel partners easier across France and Europe.

PayDo, a leading Electronic Money Institution, proudly announces the expansion of its SWIFT service capabilities to include 11 new currencies. This strategic enhancement enables PayDo to offer more versatile and inclusive financial services across global markets. With 24  currencies in total, PayDo corporate and individual clients now get a new frontier within international payment solutions.