Latest Payments Infrastructure News

Kina Securities expects net profit after tax to rise between PGK132 million and PGK138 million for 2026, driven by revenue growth and tax cuts, despite payment system challenges.

Novatti has cashed in $1.2 million by selling part of its AUDC shares at $0.80 each, marking its first divestment since incubating the stablecoin issuer in 2022, yet keeps a substantial holding to benefit from future growth.

IODM Limited has broadened its revenue share agreement with TransferMate, now covering UK and European universities, aiming to deepen its presence in the higher education payments sector.

Klevo Rewards’ Fly Wallet subsidiary is poised to launch a trial of its Australian dollar-backed stablecoin, KLVAUD, following legal advice confirming its eligibility under ASIC’s stablecoin framework.

Urbanise.com Limited is poised to transform the Australian strata sector with a staged pilot release of its enhanced Strata platform, integrating NAB banking services and launching a branded owners portal from July 2026.

Urbanise is set to launch a unified strata payments platform integrated with NAB banking, promising streamlined workflows and a branded owners portal from July 2026.

Findi Limited surged revenue by 36% to $83 million for FY26 but posted a hefty $52.6 million net loss, weighed down by integration costs and capital delays. The company completed a major consolidation of its Indian financial infrastructure assets and secured $25 million in fresh capital to support growth and liquidity.

Cuscal has finalised its purchase of New Zealand’s Paymark, aiming for earnings growth and a strong return on capital in the coming financial year.

Novatti has successfully integrated Alipay into UNSW’s student payments portal, generating $33.6 million in transactions and $0.5 million in revenue by April 2026, positioning the company for broader expansion in the education sector.

Klevo Rewards has made major strides in Q1 2026, unveiling an Australian dollar-backed stablecoin and securing SWIFT network access through Fly Wallet, boosting its global payments and rewards platform.

Cuscal has secured the final regulatory approval from the French Works Council, paving the way to complete its $27 million acquisition of New Zealand payments provider Paymark by late May.

Cuscal Limited has successfully raised A$30 million through a fully underwritten institutional placement to fund its acquisition of Paymark. The company also launched a Share Purchase Plan targeting an additional A$3 million from eligible shareholders.