Brink's has entered into a definitive agreement to buy NCR Atleos for $6.6 billion in a cash and stock transaction. The deal is expected to close in Q1 2027, and is subject to regulatory approval. Both companies' boards have approved the acquisition.
"This acquisition further supports Brink's ability to deliver enhanced customer solutions and accelerates our value creation strategy," said Mark Eubanks, president and CEO of Brink's, in a statement. "NCR Atleos is a partner we know well, and our business cultures are closely aligned around customer success, continuous improvement and managing the interface between physical to digital payments to enable ease of cash acceptance and use."
If approved, Eubanks will continue to be the company's CEO, and Kurt McMaken will retain his role as CFO.
The acquisition comes a little over two years after
The addition of NCR Atleos will allow Brink's to expand its customer base, including in retail commerce, and is expected to add to its revenue growth in the mid-single digits to around $10 billion in revenue. —Joey Pizzolato
Revolut makes a push for high-end business clients
The London fintech has released Titan, a Visa-branded card that offers points-based travel incentives aimed at executives, along with 10GB in monthly data and subscriptions. WeWork, The Economist and Perplexity are among the early adopters. The card, which is initially launching in the U.K., also offers access to more than 600 airport lounges and travel insurance covering delays and lost luggage.
The card is integrated with Revolut's business platform, which provides expense tracking, receipt matching and reconciliation. The card has a monthly fee of about $86 plus value-added taxes for purchases.
Revolut's primary rival for Titan is Amex, which is in the midst of a refresh of its
Apple takes another shot at India
Apple reportedly has reignited talks to bring its digital wallet Apple Pay to India, according to Bloomberg.
The tech giant hopes to have its payment service in India – which boasts 1.4 billion people – by mid 2026, and is in talks with Visa, Mastercard and Indian banks, including ICICI, HDFC Bank and Axis Bank. Apple's wallet would also work on UPI, the country's state-backed real-time payments rail.
Apple would compete for digital wallet share in the country with other tech giants, including
Klarna adds to its eBay footprint
Swedish financial institution and buy now/pay later lender Klarna has added six new countries to its partnership with eBay.
Australia, Belgium, Canada, Ireland, Poland and Switzerland are the new markets, and will add to the seven countries already on the Klarna/eBay network, including the U.S. and European countries.
The eBay partnership launched in the U.K. and U.S. in December 2024. Klarna reports its consumers have created more than one million eBay listings through the Klarna app in those two countries thus far. The collaboration enables sellers to directly connect the Klarna app to eBay's marketplace, with a simplified navigation for product listings and descriptions.
"Resale is no longer a niche behavior. It's becoming a core part of how people shop and manage their money," David Sykes, chief commercial officer at Klarna, said in a release. Klarna has relied on partnerships for distribution as it tries to expand globally, with collaborations including
PayPal, MoonPay add tools to build stablecoins
Cryptocurrency technology company MoonPay has released PYUSDx, which enables developers to create application-specific stablecoins backed by PYUSD,
Application-specific refers to individual business models, protocols and other uses that are amenable to a narrowly focused stablecoin. These stablecoins could carry a specific brand or be linked to a specific product. PayPal and MoonPay are selling a service that can manage the technology involved.
"The next phase of stablecoin adoption is happening at the application layer. Developers want to build differentiated experiences, but they shouldn't have to rebuild trusted monetary infrastructure from scratch," said May Zabaneh, senior vice president and general manager of Crypto at PayPal, in a release. —John Adams
Diebold Nixdorf adds to C-suite with new role
Diebold Nixdorf has named Andy Zosel chief product and technology officer, a new role that the payments company has added to its C-suite.
In the role, Zosel will be responsible for product management, engineering, and software and hardware development across the company's banking and retail businesses. His product and technology division will also be responsible for the company's artificial intelligence initiatives.
"By unifying our global product and technology capabilities, Andy will drive the advancement of our innovation efforts, ensuring our roadmap remains at the forefront of the industry. His proven expertise in scaling automation and AI will further accelerate our ability to develop impactful solutions that exceed customer expectations," Diebold Nixdorf President and CEO Octavio Marquez said in a statement.
Zosel has more than 30 years experience in technology, marketing and product development, and joins the company from Zebra Technologies, a hardware and software manufacturer, where he was senior vice president and general manager of intelligent automation. —Joey Pizzolato
Standard Chartered names new global head of payments
Standard Chartered has a new global head of payments, the bank said Wednesday.
Naveen Mallela — who formerly was the co-head of JPMorganChase's blockchain business Kinexys — was tapped to lead the London-based bank's payments company, and will be responsible for bringing collections, clearing and payments teams under one roof.
Mallela will be based in Singapore and report to Mahesh Kini, Standard Chartered's global head of cash management.
"Our Cash Management Business is entering a defining chapter as we build a scalable, product-led franchise that enables clients to manage across both traditional and emerging digital payment ecosystems, positioning them for long-term growth in an increasingly integrated financial landscape," said Michael Spiegel, the bank's global head of transaction banking, in a statement.
Standard Chartered CEO Bill Winters has
Western Union designs app for South Africa
South African technology developer Sasai Fintech has collaborated with Western Union to deploy a transfer app that is tailored for South African consumers.
Sasai is a subsidiary of Cassava Technologies, which said the Western Union app will combine elements that serve a mature technology market in South Africa with varying levels of technology adoption in other African countries and elsewhere in the world. The app will cover Western Union's global network, which has more than 200 countries.
Sasai's core product is remotely hosted software that can enable payments to bank accounts, digital wallets and at brick and mortar agents.
"South Africa is home to a growing population of digitally savvy consumers, many with deep ties across borders, that seek ways to move money internationally with flexibility and confidence," said Mohamed Touhami el Ouazzani, Western Union's head of Africa.
Other U.S. payment companies that are focusing on Africa include Visa, which has pledged to invest $1 billion. —John Adams
