@rob2775 profile picture
Rob Fernandes @rob2775

Fintech strategy & why it matters • Payments Product Leader • Advisor @Pay2Z • Founder @ClearAccept • Exits Metacharge, WePay • Built multiple active PSPs

Joined July 2009
  • Tweets 13,632
  • Following 1,425
  • Followers 1,638
2,674 Photos and videos
Trading platform @eToro is plotting two acquisitions "soon" in bid to expand into #payments and #banking. With neobanks like @Revolut offering exchange trading, it was natural that scaled adjacent #Fintech platforms would start returning the favour. ft.com/content/9777caf3-bc14…

eToro exploring acquisitions amid push into traditional banking services

Digital trading platform could apply for banking licence

ft.com
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Another acquisition this year for @Adyen - who agree $335m deal for US enterprise billing platform @useOrb. API and usage billing is HOT with an explosion in agentic services - Adyen follow @Stripe's billion dollar January deal for rival @getmetronome. adyen.com/press-and-media/jt…

Adyen to acquire Orb to unify billing and payments infrastructure for enterprise merchants - Adyen

Adyen to acquire Orb to unify billing and payments infrastructure for enterprise merchants

adyen.com
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Congratulations to POSData - firm believer in calling out good people and I did a new US product launch nearly 10 years ago and they were one of the nicest, and most helpful organisations I've worked with in payments.
Rob Fernandes@rob2775
Jun 12
One of the US largest #payment terminal drop shipping and fulfiment operators @POSDATA_Group is acquired by B2B distributor @Levata_Global. POSData supports @Worldpay_Global, @Shift4 and a range of successful newer small business POS #payments entrants. prnewswire.com/news-releases…
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One of the US largest #payment terminal drop shipping and fulfiment operators @POSDATA_Group is acquired by B2B distributor @Levata_Global. POSData supports @Worldpay_Global, @Shift4 and a range of successful newer small business POS #payments entrants. prnewswire.com/news-releases…
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US #P2P #payments app @Zelle makes #India its first foreign market as it looks to tap remittance corridors & build demand among large US based Indian diaspora. Also announce launch of own USD-pegged #stablecoin ZLUSD to underpin further global expansion. zelle.com/press-releases/zel…
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US #payment app @CashApp becomes latest #Fintech to also become an #MVNO by adding a mobile network contract to their offering - similar playbook to @Revolut & @monzo in UK. 59m users & partnering @ATT to make inroads into market leaders (140-150m subs). cash.app/press/cash-app-mobi…
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Just three years after it was acquired by US savings and investments app @acorns, London founded youth debit app @gohenry (2012) carves off majority UK division to sell to #banking giant @Barclays - who look to expand their early years banking acquisition. cityam.com/barclays-buys-uk-…

Barclays buys UK fintech Gohenry to 'turbocharge' youth banking

Barclays has bought Gohenry from its parent company, Acorns, in a deal that is expected to close in the final quarter of the year.

cityam.com
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Despite momentum on #banking licences, growth and valuation, @Revolut still facing regulatory scrutiny over "deficiencies" - with @ECB said to have ordered slow down of new product roll outs until third-party review of #risk, #compliance & #legal controls. ft.com/content/7cc86162-f68c…

ECB moved to rein in Revolut’s ‘self-guided missiles’ in Europe

Europe’s most valuable fintech was ordered to address ‘deficiencies’ in oversight amid a rapid product rollout

ft.com
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Xplor (@xplortech) - one of a number of global ISV roll ups acquiring software businesses and consolidating #payments flows - expand their @XplorPay #PayFac as a service offering to support platforms reach embedded payment maturity. Love this model! 😍 xplor.com/press/xplorpay-fle…
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Via @semafor - interview with @Klarna CEO @klarnaseb on the latest iteration of the long running fight for "top of wallet" in #payments: #AI #agent #commerce. semafor.com/article/06/09/20…

Klarna on the fight for ‘top of wallet’ in an AI agentic commerce world

CEO Sebastian Siemiatkowski thinks there’s still a place for brand loyalty and perks in a bot shopping world. Up next: Klarna airport lounges?

semafor.com
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.@Visa and @OpenAI agree strategic partnership to integrate #payment credentials, trust and acceptance in #agentic workflows. "Intelligent Commerce" offering delivers underlying network, tokenisation & risk control to enable card issuance to #AI agents. investor.visa.com/news/news-…
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Next release of @Apple wallet adds AI powered visual intelligence (camera scan) support to #iPhone to turn paper receipt into split #payment workflow, and to add custom cards (physical barcoded cards - for example loyalty, school or library pass). pocket-lint.com/apple-wallet…
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Finally daylight in long running #merchant card swipe fee US action - as judge approves $38m settlement by @Visa and @Mastercard to #merchants (c. 33% of their annual interchange take) two years after same New York courts threw out $30m deal as too small. vitallaw.com/news/antitrust-…
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.@Klarna builds out its two sided 'banking' offering in the US after the launch of savings accounts - at 3.28% APR - via @FDICgov insured WebBank, also the issuer of Klarna's US cards. Klarna yet to apply for @USOCC charter & happy to build momentum first. klarna.com/international/pre…
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Wow - @Nuvei responding to growing convergence of global money transfer and treasury with acquiring (examples @airwallex, @RapydGlobal and even @Adyen now has global treasury.
Pay2Z@Pay2Z
Jun 9
Nuvei in 'advanced' talks over $2.7bn Payoneer acquisition - Reuters dlvr.it/TSyLQZ
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Very interesting that @LloydsBank is rolling out @Stripe backed "Lloyds Accept" offer for small business. Looks like #SoftPOS play but where does it leave Cardnet JV? Or is Stripe unbundling acquiring? @PollinateInt recent Stripe tie-up implied similar. stripe.com/gb/newsroom/news/…
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Berlin based electric vehicle #payments orchestration layer @cariqa_ev launches API for embedding EV billing payments natively in mobility and mapping apps and other software platforms. This is a new generation of ISV x integrated payment/billing use case. prnewswire.com/news-releases…
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Good introduction in the @FT to the rise of #Fintech in #Africa. Noting that fintech revenues in the continent will reach $65bn by 2030 - a 13x 10 year growth story. ft.com/content/ca6c59eb-341f…

Fintechs offer fix to Africa’s financial problems

Digital platforms have revolutionised lives of millions as they bypass creaking banking systems across the continent

ft.com
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The Illinois Attorney General attempt to be the first US state to challenge #interchange fees in the courts, has been thrown out. Judges agree a permanent injunction for #banks, but only on the basis of future federal action (via @USOCC) taking precedence. jdsupra.com/legalnews/court-…
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Cuba falls off @Visa and @Mastercard networks from tomorrow - as a result of the latest US / Donald Trump sanctions - due to an "undisclosed" foreign payment processor who handles the card transactions, having to pull the plug. translatingcuba.com/visa-and…
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