Swedish financial institution Klarna will sell up to $26 billion in future buy now/pay later production to U.S.-based investment firm Nelnet.
Nelnet will buy newly originated, short-term, interest-free Pay in 4 receivables on a rolling basis. Proceeds will fund Klarna's U.S. growth, while enhancing balance sheet flexibility and supporting long-term capital strategy, Klarna said.
"This is a landmark transaction for Klarna in the U.S." said Niclas Neglén, Klarna's chief financial officer, in a release. "Our partnership with Nelnet allows us to scale a core product responsibly, while continuing to deliver smooth, interest-free payment experiences to millions of consumers."
Klarna has entered into a
Klarna has also reportedly resumed plans for a U.S.
RBC, BMO explore sale of $2B joint payments venture
The Royal Bank of Canada and BMO have put their joint payments venture, Moneris, up for sale, Reuters reported, citing sources familiar with the matter.
The sale of Moneris, which is one of the largest payment processors in Canada with 325,000 merchant locations, could value the business at as much as $2 billion. RBC and
New York based investment bank PJT Partners and investment bankers from
Moneris, founded in 2000, offers digital and in-store payment tech to businesses in retail, restaurants, professional services, trades, nonprofits and the public sector, according to its website. —Joey Pizzolato
Japanese fintech to issue first yen-backed stablecoin
Tokyo-based startup JPYC is gearing up to launch Japan's first yen-backed stablecoin, called JPYC, by as early as the fall.
JPYC CEO Noritaka Okabe said that the firm aims to issue 1 trillion yen ($6.8 billion) worth of the stablecoin over the next three years, Japanese news outlet
Stablecoins have been
Payoneer, Stripe collaborate on small-business payments
Payment fintechs Stripe and Payoneer are combining pieces of their technology to broaden the payment options small businesses can offer at the point of sale.
This includes supporting options such as buy now/pay later services including Klarna and Affirm; and digital wallets including Apple Pay and Google Pay.
Stripe will add its processing technology to Payoneer's Checkout app, which Payoneer says has expanded to $1 billion in annual run rate volume in the three years since launch.
The two companies envision small businesses selling to consumers within their own websites as the target market. Payoneer, which has its roots in B2B payments, has added
Stripe and Payoneer's partnership comes at a time when banks and payment companies are offering technology that enhances data analysis and improves
DLocal bulks up for Latin American e-commerce push
Cross-border payments firm dLocal has partnered with e-commerce marketplace Tiendamia to support local payment methods in a group of Latin American countries.
Through an integration, Tiendamia can accept cross-border payments and support in-country payment systems in Ecuador, Costa Rica, Peru and Argentina. Tiendamia can additionally use the dLocal integration to pay local providers in Ecuador, Costa Rica, Peru and Uruguay.
DLocal manages currency conversion, compliance and back-end operations in these markets. It plans to expand alternative payment methods in the region, enabling Tiendamia to offer more local payment options.
"As a cross-border platform, we operate at the intersection of international demand and local infrastructure," said Rafael Blanco, revenue director at Tiendamia, in a release. "Our ecosystem depends on reliable payments, not just from customers, but also to sellers and logistics partners across many countries."
Investment in
San Francisco's BART trains adopt open-loop payment
Bay Area Rapid Transit trains today will start accepting Tap and Ride technology for payments on the Bay Area's heavy rail transit system, which serves San Francisco, Oakland and nearby communities.
Riders can use Apple Pay, Google Pay and contactless credit or debit cards to board trains, making BART's traditional Clipper cards unnecessary. "This is an especially important innovation for out-of-town visitors and infrequent riders who may not have a physical or digital Clipper card and want a simple way to use our service," said BART general manager Bob Powers, in a release.
BART, which will maintain Clipper cards as an option, is joining a global trend among transit systems to adopt
The strategy is designed to move ticketing and payments outside of transit networks, while making it easier for travelers to use local systems. —John Adams
Worldpay and Trulioo partner for know-your-agent framework
Worldpay has partnered with digital identity fintech Trulioo to develop a know-your-agent framework that verifies if an
"As AI agents play a growing role in shopping on behalf of consumers, verifying agent identities and capturing clear, auditable shopper consent are critical to maintaining trust, preventing fraud and meeting evolving regulatory requirements," said Cindy Turner, chief product officer at Worldpay, in a statement.
The credential will allow merchants to verify that the AI agent is authorized and acting with proper consent by laying out structured guidelines for verifications of the developer's identity, code integrity and user consent, according to a Worldpay release.
Know-your-agent, or KYA, frameworks are similar to know-your-customer and know-your-business requirements that financial institutions are
Stripe homes in on APAC region with new product launches, upgrades
Stripe is putting more resources into the Asia-Pacific region amid rising optimism for international growth from businesses.
"Asia is showing extraordinary resilience and focusing on international growth," said Sarita Singh, regional head and managing director for Southeast Asia, India and Greater China at Stripe. "Between July 2024 and June 2025, over half of our users in the region, 54%, sold internationally and we're seeing cross-border payments surge by over 30% in hubs like Singapore."
The global payment processor announced more than 50 upgrades at its Stripe Tour Singapore 2025 event, including a new card reader with cellular connectivity, expanded fraud protections that will incorporate non-card payments such as ACH and SEPA payments and tax support.
Businesses with a U.S.-based Stripe account will now be able to tap into consumer markets in Brazil, India, Indonesia and South Korea. Payment methods such as Pix, UPI and NaverPay will be available through the company's dashboard.
Stripe counts ManusAI, Aspire, Zoho, Luckin Coffee and Shoplazza as some of its largest customers in the region. Last week, it announced a partnership with payment technology firm
