- Key insights: Revolut has opened a licensed bank in Mexico as it pushes an international strategy.
- What’s at stake: The London-based financial institution is competing with large payment tech firms and banks.
- Forward look: Revolut hopes to replicate its Mexico strategy in other markets.
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Revolut’s Mexican bank will offer yield-bearing savings, cross-border payments, digital bill pay, family accounts, payment cards and a points-based reward system.
“Revolut’s technology will empower millions across Mexico with better financial tools … and we are confident in replicating this success on our journey to reach over 100 million daily active customers in 100 countries,” Nik Storonsky, Revolut’s co-founder and CEO, said in a release.
Revolut’s Mexican bank follows earlier moves to diversify its products, including launching new investment products in the U.K. and expanded credit in the U.S.
JPMorgan Payments taps new chief data and analytics officer
Zachary Anderson is joining the bank’s payments division from Edinburgh-based NatWest Group, where he was group chief data and analytics officer and head of open banking, personalization and AI, according to his LinkedIn profile.
“I am super excited to share that I’ve started a new chapter as Chief Data & Analytics Officer at J.P. Morgan Payments,” Anderson wrote in a
“The scale here is hard to wrap your head around: we are moving $12 trillion a day. That’s roughly the world’s GDP flowing through these pipes every few weeks,” he said. “But what really draws me in isn’t just the volume — it’s the precision. Operating at 99.9999% reliability is the standard here. To me, that is the ultimate data challenge: how do we maintain that ‘space flight’ level of trust while pushing the edge of the possible with AI and analytics?”
Anderson joins JPMorgan at a time when its payments division has been posting
David Paul Morris/Bloomberg
EBay bans third-party agents and bots
Online auction marketplace eBay is shutting its doors to third-party agents and bots, according to its terms of service.
EBay updated its
The move comes as retailers grapple with
Visa adds partner for rent incentives
Real estate fintech Amenify has partnered with Visa to launch a “resident commerce” portal that embeds a rewards program with access to local merchants.
Based in San Francisco and India, Amenify’s clients include property managers and technology companies including RealPage, Entrata and Zego. These users access Amenify through an application programming interface as a white label user.
Merchants also use Amenify to market products connected to rental properties. The new collaboration with Visa enables residents to earn “Amenify Cash” by using a linked Visa card for rent or purchases at local merchants that are part of Amenify and Visa’s network. These “rewards” can be used for online purchases from local restaurants, groceries, housekeepers, maintenance workers, e-commerce, furniture and other products.
The service also includes agentic commerce tools that can automate tasks, find and manage service providers and other retailers.
Amenify helps Visa expand its
UK banking regulator to examine ‘advanced AI’
With new forms of
The regulator has hired Sheldon Mills, a former FCA officer, to lead the investigation, which will focus on agentic AI, generative AI and other emerging forms of AI that are designed to produce original content or take actions with limited or no human supervision.
Its goal is to determine how AI is evolving, including the potential of more autonomous versions, and how this could affect competition and market structure. The FCA will also determine the impact on consumers, including how AI may influence consumers, and how regulators will need to evolve in response.
“AI is already shaping financial services, but its longer-term effects may be more far-reaching. This review will consider how emerging uses of AI could influence consumers, markets and firms, looking towards 2030 and beyond,” Mills said in a release. “By taking a forward-looking view, the review will help the FCA continue to support innovation while promoting the safe and trusted adoption of AI in retail financial services.” —John Adams
Westpac, CBA demo Mastercard’s agentic commerce
As Mastercard expands its outreach to
Commonwealth Bank of Australia and Westpac this week executed transactions using agentic AI, or a form of AI that uses little or no human supervision. CBA used Mastercard’s Agent Pay to make a debit card payment at Event Cinemas, with the issuer, acquirer and merchant all being aware that an AI agent was performing the payment. Westpac used a credit card to process a payment at Threadbo, a local resort.
“Agentic commerce represents one of the most profound shifts in consumer behavior we’ve seen in decades,” says Paul Monnington, division president of Australasia for Mastercard, in a release. —John Adams
Tiffany Hagler-Geard/Bloomberg
Zelle adds more community banks to its ranks
Zelle has been looking to penetrate the remaining banks and financial institutions that are not on its network, and put much of its focus last year on
The peer-to-peer payments network said 337 financial institutions went live or signed up for its services in 2025; and 97% of those were community banks or credit unions with less than $10 billion in assets.
“Zelle already reaches 80% of U.S. bank and credit union accounts and last year was about widening access – deliberately and at scale,” said Denise Leonhard, Zelle’s general manager, in a statement. “Deployment looks very different at a rural community credit union than at a major metro bank, and not every institution starts with the same tech stack.”
Zelle’s reseller network has been key in getting more community banks and credit unions to sign up for the service because the technology sellers help keep integration costs down. Last year, Zelle signed a
Chris Ratcliffe/Bloomberg
Guavapay forced to liquidate
Embattled payments fintech Guavapay has been forced to liquidate by the U.K.’s Financial Conduct Authority
Guavapay was working to get back in the regulator’s good graces after allegations that the company did little to prevent fraud on its platform forced it to halt operations in September of last year.
The situation further unraveled for Guavapay earlier this year when Mastercard sued following a missed debt payment. Its founder, Orkhan Nasibov, has also left the company. —Joey Pizzolato