PingPong and Visa Launch Global Card-to-Account Payments for Businesses
PingPong has partnered with Visa to launch Card-to-Account (C2A) Payments, enabling businesses to move funds globally with greater speed, efficiency, and flexibility. The collaboration is designed to simplify international payouts for enterprises, ecommerce sellers, and global merchants by reducing friction in cross-border money movement. As businesses increasingly operate across multiple markets, demand for faster and lower-cost settlement infrastructure continues rising, making this partnership particularly significant for fintech and payments leaders. The launch highlights how traditional payment giants like Visa are deepening collaboration with fintech infrastructure providers to modernize global B2B payments. It also reinforces a broader trend toward embedded cross-border finance, where payments become seamless, programmable, and increasingly invisible to end users. For fintech executives and LinkedIn audiences, this story stands out because it captures one of the biggest themes in financial services today: the transformation of global payments infrastructure through fintech-bank-network collaboration.
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Three Types of Digital Money
Digital currencies differ along three dimensions:
Issuer liability – Who stands behind the money.
Transfer mechanism – Whether it can move directly between holders.
Monetary system position – Whether it operates inside or outside the banking system.
These differences determine credit risk, regulation, and how monetary policy is transmitted.
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CBDCs (Central Bank Digital Currencies)
A CBDC is digital money issued by a central bank, making it the safest form of money with no issuer credit risk.
Key features:
- Programmable through smart contracts
- Composable with other digital assets
- Available 24/7
CBDCs enable atomic settlement, where payment and asset transfer occur simultaneously.
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Retail CBDCs (rCBDCs)
Designed for public use, similar to digital cash. Examples include China’s e-CNY and India’s digital rupee. Their main challenge is that they may reduce bank deposits and limit lending.
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Wholesale CBDCs (wCBDCs)
Restricted to financial institutions for interbank settlement. They preserve the current two-tier banking model and are increasingly favored by central banks.
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Deposit Tokens
Deposit tokens are tokenized bank deposits and remain liabilities of commercial banks.
Key characteristics:
- Covered by deposit insurance
- Operate within the fractional reserve system
- Allow banks to create money through lending
Unlike stablecoins, they do not require full backing with cash or government securities. Interbank transfers still require settlement using a common asset, likely wholesale CBDCs.
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Stablecoins
Stablecoins are privately issued digital tokens, typically backed one-for-one by cash and government securities.
Key characteristics:
- Transfer directly between wallets
- Operate outside the traditional banking system
- Not protected by deposit insurance or central bank liquidity support
They are well suited for payments and programmable transactions but sit outside the standard monetary policy framework.
Curated News
💳Payments
Visa Expands Commercial Payments With Accounts Receivable Automation
Visa has expanded its Commercial Solutions Hub through the integration of Visa Accounts Receivable Manager. The enhancement aims to simplify invoice reconciliation and payment tracking, helping businesses streamline cash flow and back-office operations.
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Nium and Circle Connect USDC to Global Payouts
Nium and Circle are partnering to connect USDC settlement capabilities with global payout infrastructure. The collaboration could accelerate stablecoin-powered cross-border payments while reducing settlement friction for businesses worldwide.
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AAZZUR and Corpay Expand Cross-Border Payment Capabilities
AAZZUR has partnered with Corpay to strengthen seamless cross-border payment experiences for businesses. The collaboration reflects growing demand for faster, more efficient international payment infrastructure.
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Fold Secures $150M to Scale Bitcoin Rewards Visa Card
Fold secured a $150 million credit facility to expand its Bitcoin rewards Visa card program. The funding highlights continued interest in crypto-linked payment products that bridge traditional finance with digital assets.
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🏦Banking
German Media Giant Bertelsmann Secures Banking License
Bertelsmann has received a banking license in Germany, signaling an unusual but strategic expansion into financial services. The move highlights how non-financial corporations are increasingly exploring embedded banking opportunities.
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Plaid Brings Real-Time Income Intelligence to Europe
Plaid has launched real-time income intelligence tools for lenders in the UK and Europe. The solution aims to improve underwriting accuracy and speed by giving lenders deeper visibility into borrower income patterns.
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💡Fintech
Robinhood Opens Platform to AI Trading Agents
Robinhood is opening its platform to AI agents capable of trading and making credit card purchases on behalf of users. The move represents a major shift toward agentic finance, where AI increasingly handles financial decision-making and execution.
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HCLTech and Google Cloud Roll Out AI Finance Platform
HCLTech and Google Cloud have launched a new AI-powered finance platform aimed at modernizing enterprise financial operations. The initiative reflects growing demand for intelligent automation across finance and accounting functions.
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Pivot Raises $40M to Replace Legacy Procurement Systems
Enterprise fintech startup Pivot raised $40 million in Series B funding to build an AI operating system for procurement. The company aims to modernize outdated enterprise workflows with automation and intelligent decision-making.
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Scapia Secures $63M for Travel Fintech Growth
Indian travel-fintech platform Scapia raised $63 million to accelerate expansion and enhance travel rewards experiences. The raise highlights strong investor appetite for embedded finance and travel-linked payments.
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🪙Crypto
Banca Sella Becomes Italy’s First Bank Approved for Crypto Services
Banca Sella has received approval to offer crypto services to customers, becoming the first Italian bank to do so. The decision marks an important milestone for crypto adoption within Europe’s traditional banking sector.
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SoFi Launches Stablecoin Across Ethereum and Solana
SoFi introduced SoFiUSD, a stablecoin available across Ethereum and Solana blockchains. The move reflects growing financial institution interest in launching proprietary digital assets for payments and transfers.
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Kraken Introduces Bitcoin Yield Through Lending Vaults
Kraken now allows users to earn yield on Bitcoin holdings through lending vault products. The launch expands passive income opportunities for crypto investors while deepening competition among exchanges.
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Mastercard Secures New York BitLicense
Mastercard has obtained a New York BitLicense, strengthening its ability to expand regulated digital asset services. The approval signals increasing convergence between traditional payments giants and crypto infrastructure.
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Bitcoin Falls to 13th Largest Global Asset
Bitcoin slipped to the 13th-largest asset globally as investor capital shifted toward AI and precious metals. The trend highlights changing market sentiment and increasing competition for institutional capital.
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First Solana Treasury Firm Tightens Security Measures
The first US-listed Solana treasury company is reportedly strengthening executive protection and operational security. The move reflects growing institutional complexity and risk management needs in crypto-focused businesses.
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💰WealthTech
Moneybox Growth Highlights WealthTech Profitability Momentum
Moneybox’s strong revenue growth and third straight profitable year reinforce growing confidence in digital savings and wealth platforms. The results show how WealthTech firms are moving beyond growth mode toward sustainable profitability.
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⚖️Regulation
Project Agorá Highlights Tokenisation for Cross-Border Payments
Key findings from Project Agorá suggest tokenisation could significantly improve wholesale cross-border payments. The research highlights how regulators and central banks are exploring next-generation settlement infrastructure.
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📌Other
SBI Group Invests in Temple Digital
SBI Group has invested in Temple Digital as interest in digital asset infrastructure continues growing. The investment reflects increasing institutional backing for crypto and blockchain-focused platforms.
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Farsight Launches AI Agent for Investment Deal Materials
Farsight introduced Freeform, an AI agent capable of producing client-ready deal materials using firm-specific workflows. The launch highlights growing adoption of AI agents in investment banking and financial advisory operations.
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