Block, the parent company of merchant payment services major Square and P2P payment brand Cash App, has once again posted strong Q2 2023 earnings.

Crypto exchange Coinbase has beaten analyst expectations for Q2 23, having reported another positive adjusted EBITDA of $194m.

This week saw the introduction of the UK Financial Conduct Authority’s new Consumer Duty, in what has been described as its biggest overhaul in two decades.

PayPal has reported its Q2 2023 results and, while the company saw revenue growth and TPV improvements, it has also seen narrowing operating margins.

Despite revenues rising 23.5% to $169.2m, LatAm remittances player Intermex has reduced its annual guidance for FY 2023.

Payments processor FIS has announced its Q2 2023 results, which are above the top end of the company’s previous expectations for the quarter.

Payment tech provider Global Payments has raised its guidance after adjusted revenues rose 7% to $2.2bn in Q2 23.

Cross-border volumes continued to drive revenue growth for Visa and Mastercard in Q2 23 on the back of resilient spending and continued appetite for travel.

Western Union has reported its Q2 2023 results with better-than-expected numbers, providing an improved outlook after a tough few quarters.