Search the BaaS market.

US · Not applicable (non-bank provider)

IN · RBI (licensed Payment Aggregator)

UK · Not applicable (technology provider)

UK · FCA / Bank of Lithuania

KW · Central Bank of Kuwait, CBUAE, SAMA, CBB, Central Bank of Oman, Qatar Central Bank

US · OCC (primary); FDIC (insured)

IN · Reserve Bank of India (payments bank licence)

The RBI barred Paytm Payments Bank from onboarding new customers and restricted basic payment services including UPI, effective February 29, 2024, due to persistent non-compliance including KYC lapses...

The Bank of Lithuania revoked the license of an unnamed EMI or PI, citing 10 regulatory violations, with one violation referred to the Court of Justice of the European Union (CJEU) concerning direct d...

The Reserve Bank of India cancelled the banking licence of Paytm Payments Bank Limited, effective Apr 24, 2026. The RBI cited persistent KYC failures, transaction limit breaches, and failure to meet l...

Unum adopted J.P. Morgan Concourse to simplify healthcare insurance payments and achieve Nacha compliance. Concourse is part of J.P. Morgan's embedded finance offering. Financial terms were not disclo...

Modulr, a UK-based Payments as a Service API platform, received a £9 million investment from PayPal Ventures. The funding will support product development, team expansion, and customer growth across l...

UK fintech Modulr opened its first office outside London in Edinburgh during Fintech Fortnight, following a £10.5m funding round. The expansion supports its embedded payments platform offering API acc...

Brex launched Brex Embedded, an API-driven payments platform enabling B2B software vendors to integrate virtual corporate cards for global payments without handling underwriting or credit risk. The pl...

WEX partnered with Extend to embed virtual card payments into SAP Concur Invoice for accounts payable automation. The integration lets WEX corporate card customers generate and settle vendor payments ...

nbkc bank, a BaaS sponsor bank, partnered with Interchecks to integrate instant push-to-card payment capabilities into its platform. The partnership enables real-time, compliant disbursements for fint...

Canadian fintech Zūm Rails partnered with Fiserv to expand its embedded payments platform into the US market. The partnership enables embedded AP/AR and payment processing for US businesses via Fiserv...

...turers. The platform supports capabilities including digital wallets, tokenization, instant payouts, and mobile POS solutions. This expansion strengthens Mastercard's role as an embedded payments infr...

Housing Bank for Trade and Finance selected ProgressSoft's Payments Hub Platform to upgrade its payments network. The integration covers local and international payment corridors, with faster settleme...

Mastercard and Yellow Card, a licensed stablecoin infrastructure provider in Africa, announced a partnership on May 7, 2026 to develop stablecoin payment solutions across Eastern Europe, the Middle Ea...

Thrivory raised $3.5 million alongside the launch of its ThriveNow API, designed to address healthcare cash-flow issues by accelerating insurer reimbursements. The API-first product embeds financial i...

Private equity firm EQT acquired Banking Circle, a cross-border payments platform serving financial institutions including card acquirers, payment service providers, and banks. The acquisition aimed t...

Airwallex raised $80 million to scale its cross-border payments infrastructure platform. The company provides API-driven FX and payment rails that enable businesses to move money internationally. The ...

Fazeshift raised $22M to automate accounts receivable workflows. The company focuses on AR automation for finance and accounting teams. Coverage of the round appeared across Fintech Global, Yahoo Fina...

UK-based local payments infrastructure provider PPRO raised over $180 million to invest in payment systems. The funding enables better connectivity for banks and fintechs through local payment method ...

KeyBank partnered with fintech infrastructure provider Qolo to offer virtual accounts and digital payments solutions. The partnership enables KeyBank to leverage Qolo's modern payment and account infr...

Dart Bank's WestTown Payments division partnered with Jaris to launch Dart360, a modernized merchant onboarding and financial services platform. The platform aims to streamline how merchants access pa...

Treasury Prime announced an integration with Astra to enable real-time payments for embedded banking customers. The partnership supports instant account funding and push-to-card disbursements. This pr...

Airwallex, a cross-border payments infrastructure provider, raised $100 million in Series C funding led by DST Global, valuing the company at over $1 billion. The round made Airwallex a unicorn and su...

Global Payments announced a $21.5 billion all-stock merger with Total System Services (TSYS), creating a combined payments technology company serving 3.5 million merchants and 1,300 financial institut...