Payment Industry Intelligence

Payment Industry Intelligence With 25 years of expertise we provide insight in the issues shaping the future of financial services. Telephone +44 1263 711800 or email [email protected]

Payments Industry Intelligence

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The debate over the future of stablecoins in the UK has intensified after a House of Lords committee called on the Bank ...
09/06/2026

The debate over the future of stablecoins in the UK has intensified after a House of Lords committee called on the Bank of England to adopt a more flexible approach to regulation, warning that overly restrictive rules risk undermining the country’s ambitions to become a leading digital assets hub.

In a newly published report, the House of Lords Financial Services Regulation Committee urged policymakers to strike a better balance between financial stability and innovation, arguing that the current proposals could place the UK at a competitive disadvantage compared with the European Union and the United States https://paymentsindustryintelligence.com/house-of-lords-urges-bank-of-england-to-support-innovation/

The race to commercialise agentic commerce has taken a significant step forward after ING, Worldline and Mastercard anno...
09/06/2026

The race to commercialise agentic commerce has taken a significant step forward after ING, Worldline and Mastercard announced the successful completion of what they describe as Europe’s first live end-to-end agentic payment transaction in a production environment.

The milestone transaction, unveiled at Money20/20 Europe, saw an ING customer use an artificial intelligence assistant to identify and purchase concert tickets online, with the entire shopping and payment journey orchestrated by AI and executed on European payments infrastructure https://paymentsindustryintelligence.com/ing-worldline-and-mastercard-deliver-agentic-payment-milestone/

Concerns over Europe’s dependence on foreign-owned payment infrastructure are moving beyond policymakers and into the ma...
09/06/2026

Concerns over Europe’s dependence on foreign-owned payment infrastructure are moving beyond policymakers and into the mainstream, according to a new report from card issuing and processing specialist Enfuce – “Payment Sovereignty: Consumers Are Paying Attention”.

The study, which surveyed 3,000 consumers and 500 payment industry executives across the UK and Europe, found that a majority of respondents are increasingly worried that geopolitical tensions could disrupt access to essential payment services.

More than six in ten consumers (62%) believe political disputes could lead to restrictions on payment networks operating in their market, while 59% specifically fear that the US government could exert influence over American-owned payment schemes such as Visa and Mastercard https://paymentsindustryintelligence.com/european-consumers-back-payment-sovereignty/

Finastra has agreed to sell its US mid-market banking business to CORA Group, a portfolio company of Constellation Softw...
09/06/2026

Finastra has agreed to sell its US mid-market banking business to CORA Group, a portfolio company of Constellation Software, in the latest move by the financial technology giant to streamline its operations and concentrate on core growth areas.

The transaction includes several long-established banking technology platforms, including the Phoenix Core Banking System, Malauzai Digital Banking, Analyzer IQ and Enterprise Content Management (ECM). Together, the products support hundreds of community banks and credit unions across the United States and form a significant part of Finastra’s domestic banking technology offering.

Financial terms of the deal were not disclosed https://paymentsindustryintelligence.com/finastra-sells-us-mid-market-banking-business-to-cora-group/

OpenAI has widened access to its latest cybersecurity-focused artificial intelligence model, GPT-5.5 Cyber, granting sev...
08/06/2026

OpenAI has widened access to its latest cybersecurity-focused artificial intelligence model, GPT-5.5 Cyber, granting several of the UK’s largest banks the ability to deploy the technology as part of their cyber defence operations.

The move will see institutions including Lloyds Banking Group, HSBC and Nationwide gain access to the model, while NatWest and Santander are already using the technology through existing partnerships. OpenAI is also extending availability to selected financial institutions across Europe, Canada and Japan https://paymentsindustryintelligence.com/openai-expands-cybersecurity-ai-access-to-major-uk-banks/

The rise of agentic commerce is rapidly reshaping the future of online retail, with enterprise merchants moving at speed...
08/06/2026

The rise of agentic commerce is rapidly reshaping the future of online retail, with enterprise merchants moving at speed to ensure their businesses are visible to AI-powered shopping assistants.

However, as adoption accelerates, concerns are growing that many organisations may be embracing the technology before fully understanding the fraud, security and liability implications.

According to Ravelin’s Agentic Commerce and Fraud Report 2026, the ecommerce sector is experiencing a surge of interest in autonomous AI agents capable of researching products, comparing options and completing purchases on behalf of consumers.

For many merchants, the technology represents the next major shift in digital commerce, comparable to the emergence of mobile shopping or digital wallets.

The report found that 44% of enterprise merchants have already begun integrating agentic commerce protocols into their operations, while a further 32% plan to do so within six months. Just 6% currently have no plans to adopt the technology. Meanwhile, 42% of merchants are exploring the development of proprietary AI shopping agents to create more direct relationships with customers https://paymentsindustryintelligence.com/agentic-commerce-boom-creates-new-risks-for-merchants/

Money transfer giant MoneyGram has taken a significant step into digital finance with the launch of its own US dollar-ba...
08/06/2026

Money transfer giant MoneyGram has taken a significant step into digital finance with the launch of its own US dollar-backed stablecoin, MGUSD, as the race to integrate blockchain technology into mainstream payments gathers pace.

Built on the Stellar blockchain and issued by Stripe-owned Bridge, the new stablecoin is designed to become a foundational component of MoneyGram’s evolving payments infrastructure. The company describes MGUSD as the “connective tissue” that will underpin a new generation of blockchain-enabled financial services across its global network.

Initially available to customers in the United States, MGUSD is embedded directly into the MoneyGram mobile application through a self-custodial wallet, enabling users to hold and transfer a dollar-denominated digital balance. The company intends to expand the service internationally, potentially reaching its 60 million active customers worldwide https://paymentsindustryintelligence.com/moneygram-launches-own-stablecoin/

We’re proud to support Open Banking Expo UK & Europe 2026, taking place in London on 13–14 October.This is where the ind...
02/06/2026

We’re proud to support Open Banking Expo UK & Europe 2026, taking place in London on 13–14 October.

This is where the industry moves from roadmap to reality.

With the FCA roadmap live and the Smart Data Bill in force, the focus is now on delivery, not debate. Expect honest conversations on what’s working, what’s not, and where the real opportunities are.

▶️ 2 days of content focused on ex*****on
▶️ Senior voices from across banks, fintechs and regulators
▶️ A cross-sector audience shaping Open Finance and Smart Data

If you’re serious about where this market is going next, you need to be in the room.

👉 Register here: www.openbankingexpo.com/uk

🎟️ Use 20% discount code: PII20 Expires 15 September.

Efforts to modernise cross-border payments have accelerated significantly following the publication of new findings from...
01/06/2026

Efforts to modernise cross-border payments have accelerated significantly following the publication of new findings from Project Agorá, a major international initiative led by the Bank for International Settlements (BIS) and the Institute of International Finance (IIF).

The project has demonstrated that tokenisation could materially improve the speed, transparency and efficiency of wholesale international payments without compromising financial stability or regulatory oversight.

Cross-border payments have long been criticised for their reliance on fragmented correspondent banking networks, which can introduce delays, increase costs and limit transparency. Project Agorá was established to examine whether tokenised forms of money and programmable financial infrastructure could address these longstanding structural weaknesses.

The initiative brought together an extensive coalition of central banks and more than 40 private-sector financial institutions. Participants included the Bank of England, the Federal Reserve Bank of New York, the Bank of Japan, the Swiss National Bank and the Bank of France, acting on behalf of the Eurosystem https://paymentsindustryintelligence.com/project-agora-signals-new-era-for-tokenised-cross-border-payments/

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