Santander splashed out £350m for a majority stake in Ebury, one of the leading cross-border payments providers to small and medium sized businesses (SMEs).
Western Union will cut 10% of its c.12,000 headcount, and consolidate its global offices to save $100m annually. MoneyGram also reported Q2 results this week.
Finablr disappointed on its IPO coming in well below original investor expectations. Revolut, another payments unicorn has had a tough year to date too.