The Reserve Bank of India (RBI) has directed India-based Buy Now, Pay Later provider, Simpl, to immediately stop their payment operations for failure to secure a business authorisation under the country’s Payments and Settlement Systems (PSS) Act.

India's markets regulator Sebi has approved the initial public offering of fintech firm Pine Labs, focused on expanding overseas operations and accelerating development.

ClearBank, a provider of real-time clearing and embedded banking services, has announced the expansion of its account and payment services to UK corporates, aiming to optimise transaction banking.

Africa-based Flutterwave has entered into a strategic partnership with Clear Junction to optimise cross-border payments.

Electronic Payments, the processor behind the Cygma authorisation and clearing platform, has acquired Handpoint, a provider of integrated and mobile payment solutions.

Japan’s Financial Services Agency (FSA) has moved to approve the country’s first yen-backed stablecoin, clearing the way for JPYC to issue a digital currency pegged to the JPY.

Nuvei has expanded its proprietary clearing and settlement infrastructure to include the United States and Canada, integrating the region into its global payment operations.

Clear Junction has introduced a new service allowing institutional clients to transfer and convert stablecoins on-chain.

Global payments and banking infrastructure provider Clear Junction has announced that it has expanded access to its named virtual IBAN (vIBAN) services to licensed virtual asset service providers (VASPs).