Bolt lays off a third of its employees, citing #AI
The #Payments #FinTech Bolt laid off about 30% of its staff last week, the latest in a series of workforce cuts over the past several years.
https://www.americanbanker.com/news/bolt-lays-off-a-third-of-its-employees-citing-ai
PNC adds rewards program
Perks include enhanced credit card rewards, cash rewards on some lending services and higher savings rates, the Pittsburgh-based super-regional said.
https://www.bankingdive.com/news/pnc-rewards-program-loyalty-retail-banking/816792/
US digital wallet use projected to grow by 2030
U.S. consumers will shift away from credit cards and toward digital wallets in the coming years, Worldpay predicts in a report on consumer payments.
https://www.bankingdive.com/news/us-digital-wallet-use-projected-to-grow-by-2030/816723/
Mexico is about to leapfrog over the US in real-time payments
Across Latin America, central bank-led instant payment networks have seen enormous growth, with Mexico as the next breakout market.
https://www.americanbanker.com/opinion/mexico-is-about-to-leapfrog-over-the-us-in-real-time-payments
#AI agents are coming for money launderers
DailyPay, an earned wage access provider that processes $30 billion a year, is an example of an early adopter of #AgenticAI for anti-money-laundering work.
https://www.americanbanker.com/news/ai-agents-are-coming-for-money-launderers
US card networks accelerate bets on #AgenticAI
The card networks' moves will make agentic #AI more widely available to merchants and card issuers.
https://www.americanbanker.com/payments/news/visa-mastercard-expand-agentic-ai-deployments
#Stablecoins roll on as rules evolve
PayPal, Convera and Nium are among the companies racing to incorporate stablecoins in cross-border plays, even as regulators voice caution.
https://www.paymentsdive.com/news/stablecoins-roll-on-as-rules-evolve/816455/
Walmart alum open POS test lab
As retailers seek omnichannel sales solutions, a new vendor-neutral demonstration lab offers point-of-sale equipment evaluation.
https://www.paymentsdive.com/news/walmart-alum-open-pos-test-lab/816556/
How Fifth Third grew embedded banking fee revenue 53% in 2025
Newline, Fifth Third's embedded #Payments platform, generated year-over-year fee revenue growth north of 50% last year, making it the fastest growing segment of the bank's commercial payments segment.
BaaS and payments are becoming intertwined: Citi's Will Artingstall
There has been a re‑emergence of de novo approvals and charter acquisitions by fintechs seeking to internalize capabilities previously accessed through BaaS partnerships.
https://www.americanbanker.com/payments/news/citis-will-artingstall-on-baas-role-in-digital-payments
Alex Jimenez
