Digital financial services platform Nubank said it intends to obtain a banking license in Brazil in 2026.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.Nubank is doing so to comply with a new rule issued by Brazil ...

Core Insights - The OLB Group, Inc. has achieved PCI DSS Version 4.0 certification for its SecurePay payment gateway, marking a significant milestone in payment security [1] Group 1: Company Developments - The certification represents the latest and most comprehensive security standard established by the Payment Card Industry Security Standards Council [1] - PCI DSS 4.0 introduces enhanced requirements aimed at addressing evolving cyber threats [1] - The update is the most significant change to payment security standards in over a decade, emphasizing the importance of protecting cardholder data [1]

Enterprises can use orchestration layers, like stablecoin clearinghouses, to abstract this complexity and enable rail-agnostic, usable payment flows.Cross-border payments may be getting a digital asset makeover, but for many global businesses the reality remains far messier than the hype suggests.Cross-border payments are easier said than done. Particularly for multinational businesses or mid-size firms looking to expand overseas. By completing this form, you agree to receive marketing communications from P ...

SARASOTA, Fla., Dec. 02, 2025 (GLOBE NEWSWIRE) -- Trump Media and Technology Group Corp. (Nasdaq, NYSE Texas: DJT), operator of the social media platform Truth Social, the streaming platform Truth+, and the FinTech brand Truth.Fi, announced today that Trump Media and United Atlantic Ventures reached an amicable settlement of their dispute and all claims by Trump Media against United Atlantic Ventures have been mutually resolved. About Trump Media and Technology Group The mission of Trump Media is to end Big ...

Acquisition Overview - PROG Holdings will acquire Purchasing Power for $420 million in cash[8, 34] - The acquisition is expected to contribute between $50 million and $60 million of Adjusted EBITDA in 2026[8] - The deal is anticipated to close in early 2026, pending regulatory approvals[34] Purchasing Power Highlights - Purchasing Power is a FinTech platform that allows consumers to buy goods and services over time via payroll deduction[12] - The company's 2026 revenue is projected to be between $680 million and $730 million[13, 34] - Approximately 90% of Purchasing Power's outstanding balance has payment terms of 12 months or less[14] - Purchasing Power has relationships with over 360 established employers[14, 19, 22, 28] - Purchasing Power has relationships with over 100 distribution partners[14, 19] - Purchasing Power reaches over 7 million eligible employees[14, 19, 22] - Purchasing Power has a 98% client revenue retention rate[14, 22] Strategic Benefits - The acquisition is expected to result in double-digit percentage EPS accretion in 2026[34] - PROG Holdings aims to maintain a net leverage ratio between 1.5x and 2.0x post-transaction[32, 34]

Core Insights - Lufthansa Group has partnered with Klarna to offer flexible payment options for travelers, allowing them to pay in full, pay later, or pay over time [2][3][4] - The rollout of these payment options began in mid-November across the United States and nine European countries, with plans to expand to all network airlines by the end of Q2 2026 [2][4] Company Strategy - The partnership aims to enhance customer experience by providing greater choice and flexibility in payment methods, aligning with Lufthansa Group's focus on customer needs [4] - Klarna's integration with Adyen, a FinTech platform, is expected to deliver a smooth and flexible checkout experience for Lufthansa Group customers [3][4] Market Trends - A PYMNTS Intelligence report indicates that 8% of consumers used buy now, pay later (BNPL) options for travel expenses in the past three months, highlighting a growing trend towards flexible payment solutions in the travel industry [5] - The convenience of the application process is a significant factor influencing consumers' decisions to use BNPL, with 7% citing it as the most influential reason [5]

Core Insights - South Korean cryptocurrency exchange Upbit is planning to launch an initial public offering (IPO) on Nasdaq following a merger with Naver, a South Korean internet firm [1][2] - The merger between Upbit's parent company Dunamu and Naver is expected to be completed this week, potentially creating a bridge between cryptocurrency and traditional finance [2][3] Company Developments - Naver's FinTech arm, Naver Financial, and Dunamu have been in discussions regarding potential collaborations, indicating a convergence of the tech and cryptocurrency sectors in South Korea [3] - Naver's quarterly revenue surpassed 3 trillion South Korean won (approximately $2.04 billion) in Q3, driven by AI integration in its services [4] - Naver Pay's revenue increased by 12.5% year-over-year and 5.2% quarter-over-quarter, reaching 433.1 billion South Korean won (about $294.5 million) [5] Market Trends - Over one-third of South Korea's population, approximately 18 million people, are engaged in trading digital assets, highlighting a significant market for digital finance [4] - Naver Pay's total payment volume in Q3 reached 22.7 trillion South Korean won (about $15.4 billion), reflecting a 21.7% increase from the previous year [5] - Naver Pay's acquisition of a 70% stake in Securities Plus Unlimited demonstrates its commitment to expanding its role in the FinTech sector [6]

Core Insights - Green Dot's nonbank financial technology business is being acquired by Smith Ventures for $690 million, while Green Dot Bank will be acquired by CommerceOne Financial, which will merge to form a new publicly traded bank holding company [2][3][4] Business Developments - The separation of Green Dot's business lines is expected to create new opportunities for the embedded finance company, while maintaining a long-term commercial relationship with CommerceOne [3][4] - The CEO of Smith Ventures emphasized that the transactions will drive sustainable value creation by combining Green Dot's payments expertise with CommerceOne's financial strength [4] Financial Performance - Green Dot reported a 21% year-over-year increase in revenue for Q3, with a focus on banking-as-a-service (BaaS) and new partnerships in embedded finance [4] Industry Trends - A report by PYMNTS highlighted that 99.8% of surveyed companies now offer at least one embedded finance capability, with over three-quarters planning to expand their offerings in the next year [5][6] - The urgency for companies to adopt embedded finance reflects the rapid evolution of capabilities and the need for modern, seamless customer experiences [6]

Core Insights - Revolut's valuation has increased by $30 billion over the past year, reaching $75 billion from $45 billion [2][4] - The company aims to build a global bank serving 100 million customers across 100 countries, as stated by CEO Nik Storonsky [2] Funding and Investment - The recent share sale was led by Coatue, Greenoaks, Dragoneer, and Fidelity Management & Research Company, with participation from notable investors like Andreessen Horowitz and Franklin Templeton [3] - NVentures, NVIDIA's venture capital arm, also invested, enhancing collaboration in AI [3] Expansion and Growth Strategy - Revolut has achieved several milestones, including obtaining banking authorization in Mexico and a banking incorporation license in Colombia, with plans to launch in India [5] - The company has expanded its U.S. presence by launching a high-yield savings account and is exploring options for securing a U.S. banking license [6] Target Demographic - Revolut is focusing on Generation Z, with research indicating that 72% of Gen Z consumers use a digital wallet weekly, and 62% would consider a neobank as their primary bank [7] - Nearly 70% of Gen Z respondents prefer managing their finances online, aligning with neobanks' digital-first approach [8]

Core Insights - The stablecoin theme has seen unprecedented client interest and activity, indicating a significant shift in market dynamics [2] - Recent developments include a change in administration, the introduction of the GENIUS Act, and a successful IPO, all contributing to the evolution of the digital assets sector [2] - Circle is ramping up its operations with the Circle Payment Network and the Arc blockchain, signaling growth and innovation in the company’s business model [2] Company Developments - Circle's CEO, Jeremy Allaire, highlighted the company's busy schedule and the overwhelming interest in stablecoins over the past year [2] - The successful IPO has positioned Circle favorably within the digital assets landscape, enhancing its market presence [2] - The evolution of Circle's business is marked by the integration of new technologies and services, reflecting a strategic response to market demands [2]