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.

Euronet has reported solid growth of 11% YoY in Q2 2023 to $939.1m, with operating income climbing 21% and adjusted EBITDA growing 13%.

Payments and financial services provider Fiserv has announced its Q2 2023 results, seeing its ninth consecutive quarter of organic revenue growth.