Checkout.com and MRC Expand Partnership to Combat Fraud
Weekly news up to Tuesday, of 1st July 2025
👀 NEWS HIGHLIGHT
Trustly, a global leader in Pay by Bank solutions, today announced its financial results for the year ended 31 December 2024, highlighting a strong growth trajectory across verticals in Europe and North America.
Trustly processed a total payment value (TPV) of $87 billion in 2024, marking a 54% increase year-on-year. Net revenue grew by 32% to $239 million, while adjusted EBITDA rose by 50% to reach $73.2 million.
📰 ARTICLE OF THE WEEK
EU 🆚 UAE
The Crypto Regulation Face-Off Every Founder Needs to Know About.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🌎 FINTECH HIGHLIGHTS
⭐️ MPS partners with Salt Edge to launch PSD2 open banking APIs for retail and corporate users.
⭐️ Lunar co-founder and CTO exit, in cost-cutting move.
⭐️ Klarna accelerates shift to digital bank ahead of second IPO attempt.
⭐️ Gemini Launches Tokenized US Stocks in EU, Starting With MicroStrategy.
FINTECH
Worldline Mulls suit over media reports on alleged fraud lapses. The company responded to the publication of those reports, stating that it is“fully committed to strict compliance with regulation and risk prevention standards and to enforce related rules and procedures with zero tolerance strictly.”
Chase launches UK credit card, offering customers 0% interest on purchases for up to 15 months. Features include real-time balance updates, instant notifications on purchases, and in-app tools such as the ability to instantly freeze and unfreeze their physical and virtual card, turn on and off certain spending features, and spend tracking.
Tap Global debuts on London’s AIM market. Marking the transition to AIM from Aquis, Chief Executive Arsen Torosian said the move aims to amplify and raise awareness of the company among investors. Continue reading
PAYMENTS
Checkout.com and the Merchant Risk Council deepen partnership to help merchants combat security risks, as industry fraud rates rise. The renewed multi-year agreement expands both organizations’ investment in foundational educational programs for the global payments and fraud prevention community.
Mastercard expands technology to new markets. After a successful launch in the U.S., Mastercard is expanding its data-driven First-Party Trust program to counter the rise of first-party or “friendly” fraud. Meanwhile, Mastercard Sandbox allows experimentation into the ‘Art of the Possible’ for the UK National Payments Vision. The sandbox will enable banks and FinTechs to implement a “5-leg credit transfer” with confirmation of funds.
DIGITAL BANKING
BBVA launches a 100% digital bank in Germany, offering an interest-bearing checking account with no fees. It combines cutting-edge technology, through one of the top financial apps in the world, with a compelling value proposition: an interest-bearing checking account paying 3% for the first 12 months.
Ukrainian FinTech startup Spendbase launches its own digital banking and virtual cards. This will help businesses achieve maximum transparency and control over corporate expenses. With enhanced management capabilities at the team, account, and user levels, companies will be able to optimize their funds even more effectively.
CRYPTO
Kraken cements European leadership with MiCA license from Central Bank of Ireland. This marks a pivotal milestone in our European expansion, unlocking the ability to scale faster across the region by offering regulated services and engaging directly with clients across all 30 EEA member states.
Crypto firm Taurus for Deutsche, State Street launches private stablecoin contract. Taurus’ CSO said the new product demonstrates how stablecoin users can preserve privacy without sacrificing compliance, ensuring accessibility for authorized parties like issuers and regulators.
PARTNERSHIPS
Ecommpay embraces Visa instalments. Visa Instalments enables merchants to offer consumers the facility to split their purchase amounts into convenient, fixed payments over time using their existing eligible Visa credit cards, which have already been subject to affordability checks.
Prosper teams up with Griffin to offer FSCS-protected accounts, streamline operations, and expand savings options. With this partnership, Prosper has updated its banking infrastructure to streamline operations, solve reconciliation challenges, and offer Griffin's savings accounts to its members.
Tuum Backs maib’s European Expansion. The collaboration will enable maib to launch greenfield operations with an asset-light model designed to deliver a seamless, fully digital retail banking experience. Keep reading
DONEDEAL
Sibill raises €12M Series A to modernise financial management for Italy’s SMEs. The capital increase will enable the company to strengthen the development of its platform, introduce new features, and build a network of strategic partnerships to support its growth.