Airwallex Brings Yield To The U.S. Payments Stack
Hey FinTech Fanatic!
Airwallex just launched Yield in the U.S., giving businesses access to a AAA rated money market fund managed by J.P.
Morgan Asset Management directly from their Airwallex account. The product has already surpassed $1B in global assets under administration since launching in Australia just over two years ago.
The adoption is coming from SMEs with less than $10M in annual revenue. Companies use it as a simple way to keep idle cash productive while running daily operations.
Liquidity is the key piece. There are no lock-up periods, and funds generally settle back to cash in under two hours.
This is part of a broader shift I’ve been tracking. FinTech platforms are pulling treasury into the same place where payments already happen.
Inside Airwallex, businesses can now move money between payments, FX, corporate cards, payouts, and yield accounts from a single dashboard. No external transfers. No separate treasury relationship.
As Airwallex CEO Jack Zhang put it, the goal is a global, digital-first banking experience where working capital is generating value instead of sitting idle.
That evolution is hard to ignore...
The stack keeps expanding across FinTech. Keep scrolling 👇 I’ll show you a few more moves below.
Cheers,
INSIGHTS
✨ FinTech ❤️ Formula 1
Look at the sponsors across the F1 grid today👇
PAYMENTS NEWS
🇰🇿 MasterCard's cashless transaction volume in Kazakhstan rises. MasterCard's cashless transactions in Kazakhstan grew significantly in January 2026, reaching 33.38 million transactions, a 33.6% increase from January 2025. The total value of these transactions reached 795.1 billion tenge ($1.596 billion), marking a 14.13% increase year-over-year.
🇺🇸 Mastercard introduces Verifiable Intent, a new, standards-based trust paradigm for agentic commerce, co-developed with Google. Verifiable Intent will be integrated directly into Mastercard Agent Pay’s intent APIs to drive real-world adoption with partners and support responsible, scalable agent deployments across platforms.
🇺🇸 Airwallex expands high-yield treasury offering to U.S. businesses; surpasses US$1 billion in global assets under administration. With Yield, customers can quickly and seamlessly move funds from their Airwallex cash balances into a AAA-rated money market fund managed by J.P. Morgan Asset Management.
🇭🇰 PhotonPay announces successful completion of SOC 2 Type I Audit. The SOC 2 Type I audit affirms that PhotonPay's system and processes are appropriately designed to meet the stringent criteria for security, availability, and confidentiality. This certification provides PhotonPay's clients and partners with assurance that their sensitive information is managed with great care and in line with industry best practices.
🇵🇪 Uruguayan Prex is preparing its opening in Peru in 2026. The digital wallet of Uruguayan origin is accelerating its commitment to the Peruvian market with the aim of obtaining, during the first half of the year, the green light from the Superintendency of Banking, Insurance and AFP (SBS).
🇳🇬 Nosh launches eSIM to power global connectivity & borderless digital payments. By eliminating reliance on physical SIM cards, Nosh removes traditional barriers such as roaming constraints and complex network switching, ensuring users remain connected without interruption, whether locally, regionally, or internationally.
DIGITAL BANKING NEWS
🌍 Igor Tomych, CEO of DashDevs, was named among the world’s top 10 FinTech influencers for 2026. Igor was recognized for his work building FinTech infrastructure and supporting the launch of digital financial products worldwide. He has spent more than 15 years helping FinTech startups, banks, and technology companies build scalable platforms that meet global regulatory and operational standards.
🇬🇧 Lloyds strives to be the UK’s biggest FinTech by selling more customer data. The high-street lender aims to cut IT costs by hundreds of millions of pounds a year by 2028 as it shuts down hundreds of internal apps, according to internal documents.
🇳🇿 Revolut to launch small-business accounts in NZ with real-time analytics. The banking disruptor’s pitch is that it will enable businesses to open an account in minutes, transact in various currencies at a low cost, get debit cards, integrate their account with accounting software, and receive real-time analytics.
🇬🇧 10x Banking celebrates 100th release. 10x Banking has announced version 10.0 of its platform, its 100th release, marking nearly a decade of continuous development aimed at helping financial institutions modernize and scale. The milestone reflects the company’s approach of delivering frequent, seamless updates that add new capabilities without downtime.
BLOCKCHAIN/CRYPTO NEWS
🇺🇸 OKX is building a social network directly into its trading app after a massive $25 billion valuation. The feature, called Orbit, allows users to post market commentary, livestream discussions, and create trading groups while also displaying verified performance metrics such as portfolio returns, profit and loss, and win rates, OKX said.
🇦🇪 Dubai regulator orders KuCoin entities to stop unlicensed operations. VARA said the group had been instructed to cease all unlicensed digital asset activities and stressed that KuCoin did not hold any licence to provide Virtual Asset services in/from Dubai.
🇦🇷 Nexo redefines digital dollar savings in Argentina. Nexo has officially launched, following its acquisition of Buenbit and the establishment of its regional hub in Buenos Aires. With this expansion, Nexo introduces a new digital dollar savings alternative tailored for individuals seeking to optimize returns on hard currency holdings without sacrificing security, liquidity, or control over their funds.
🇸🇬 x402 Payment Protocol lands on Etherlink, opening the door to agentic payments. x402 enables instant, low-cost crypto payments for digital services, purpose-built for scenarios where traditional payment methods are too slow, too expensive, or simply don't fit.
PARTNERSHIPS
🇺🇸 TransUnion advances AI-driven credit intelligence with Google Cloud. By embedding the capability within its TruIQ analytics platform and leveraging Google Cloud’s Gemini models, TransUnion is attempting to make advanced credit analytics more accessible to financial institutions without requiring deep technical expertise.
🇺🇸 Splitit backs Google's Universal Commerce Protocol (UCP), advancing agentic commerce with card-linked installments. By supporting UCP, Splitit is positioning flexible payment options as a critical component of AI-powered retail experiences, enabling merchants to capture sales that would otherwise be lost to budget constraints, while maintaining customer relationships and data ownership.
🇺🇸 Brex has introduced a ChatGPT integration that allows users to access and analyze their expense data through natural language queries. The feature enables employees and admins to quickly check spending details, policy requirements, limits, and reimbursement status without leaving their workflow.
🇦🇪 Bybit and Tether deepen strategic collaboration with Golden Season, bringing gold-backed stability to crypto investors. The program aims to provide crypto users with access to gold-backed assets as a more stable, yield-generating option while digital asset markets remain uncertain.
🇺🇸 xStocks Tokenized Equities are now supported through Talos. This significantly expands the reach of xStocks, as eligible Talos clients can now route orders for xStocks on the Kraken exchange. In parallel, Talos has expanded its Coin Metrics Prices coverage to include these and other tokenized equities.
DONEDEAL FUNDING NEWS
🇷🇴 Moldova-born FinTech Fagura targets €3mn equity round. The new capital will be used to expand the platform’s capabilities, including the development of AI-based tools for financial decision-making, expansion into new European markets, and improvements to the user experience for both investors and borrowers.
🌎 Utexo raises $7.5M to settle USDT on Bitcoin. Utexo has designed its infrastructure offerings specifically for payment service providers, exchanges, wallets, high-frequency trading firms, and platforms already moving large volumes of USDT for merchant settlement, payouts, cross-border transfers, and global commerce.
🇸🇪 Tether invests in Axiym to advance digital asset use cases across global payment ecosystems. Axiym’s mission is to build a globally distributed treasury and settlement infrastructure within regulated payment ecosystems that enables embedded financial services and a post-pay settlement solution while supporting the native integration of USD₮-based flows.
🇧🇷 Brazilian FinTech Vitrify has secured $191.000 in an angel funding round. This strategic investment will fuel its mission to enhance transparency and efficiency in a market that moves over $133 billion annually. Read more
🇮🇳 Sachin Bansal’s Navi Finserv to raise Rs 250 crore ahead of IPO. The company said it plans to utilise the funds to strengthen its capital adequacy, support growth, and maintain an appropriate leverage position as disbursal volumes increase.
M&A
🇧🇷 Brazilian paytech Pagsmile acquires credit FinTech a55 to position itself as a complete financial platform. According to the FinTech company, the deal expands the group's market reach. Pagsmile also stated that the SCD license will allow them to develop new business credit products in the future.
MOVERS AND SHAKERS
🇺🇸 Airwallex taps Rachael Horwitz to lead global communications. The role will focus on shaping Airwallex’s narrative around cross-border financial infrastructure, compliance as a competitive advantage, and the convergence of FinTech, crypto, and AI.
🇺🇸 Leonardo J. Collado was appointed as General Manager of Pismo. Collado brings more than 25 years of experience in the payments industry to the role, furthering Pismo's mission to deliver cutting-edge processing solutions for banks, FinTechs, and financial institutions worldwide.
🇳🇱 Backbase names Didier Van der Coelden, CFO. Van der Coelden will position finance as a true strategic partner to the business, balancing the company’s existing speed and agility with the financial discipline required to scale globally.
🇧🇷 Lumx is recruiting Cecília Rotiroti, a former Travelex Bank employee, as Head of Operations & FX. According to the company, the executive arrives at a time when the company is seeking to strengthen its connections with financial institutions, FinTechs, and regulators. Continue reading
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