U.K.

Gromit Unleashed 2 will be incorporating contactless donation points along the art trail to aid the Bristol Children’s Hospital — a project that is as much a necessity as it is an innovation in the U.K.'s aggressively contactless environment.

South Asian remittance firm InstaReM has launched its cross-border P2P and B2B digital money transfer service in the U.K. and the EU as it prepares for an IPO in 2021. It also expects to become profitable by then.

While Europe is still making sense of an international Visa outage in early June, fintech disruptor TransferWise experienced its own outage that lasted up to 11 hours on Thursday, with website, app and card payments unavailable to the company’s 1 million-plus users.

Malware operators are joining forces, installing each others’ tools on compromised computers to target a wider range of victims, and possibly also sharing the work of harvesting funds using stolen account details.

U.K.-based fintech Revolut has entered the Russian payments market through a partnership with Russian payments firm Qiwi, and announced plans to apply for a U.S. banking license.

Exchanges aren’t very transparent about their methods, but that in fact most handle such internal transactions exactly how regular banks have worked for centuries.

U.K. payments technology provider Paysafe has entered a partnership with Company.com and Ingo Money to offer same-day settlement to small business merchants in the U.S.

Paysafe Group has introduced a cash-based online payment mechanism for people who don’t have bank accounts or don’t use cards online due to security concerns. The U.K.-based payments services provider is also expanding its presence in the U.S.

Visa, which was criticized for its vague explanation of a June 1 outage in Europe, was in the process of installing better technology, but the project was not complete at the time of the incident and won't be finished until the end of this year.

The idea of an email scam may bring to mind the clumsy phishing cons from the early days of online banking, but the tactic's latest incarnation is a bigger threat than ever.