The Weekly Wrap: all you need to know by Friday COB | Sept 15th

By Gaia Lamperti

The Weekly Wrap is published every Friday and recaps the week’s main stories and deals, as well as upcoming events and announcements. For Prime subscribers only.

The Big Story

The total transaction value of embedded finance is set to surge to $7 trillion in 2026 and account for 10% of all US financial transactions,  as per new research from Bain & Company. In addition, the analyst house predicted that the revenue opportunities for software platforms and the infrastructure providers that power these embedded offerings will hit $51bn in 2026.

The swift acceleration in the use of embedded finance, and its transition into the financial mainstream, is being propelled as its proposition enhances customer experience and financial access, alongside cost- and risk-reduction benefits for companies across the value chain

The forecast jump in revenues will flow from the expansion in transaction volumes and value but also the increasing penetration of embedded finance in specific industries and gains in revenue multiples seen in segments such as business-to-business (B2B) payments as well as in the Buy Now Pay Later (BNPL) market.

Business lending is set to be a key growth area for embedded finance according to the research and is projected to grow five-fold over the next five years, rising from just $200m in 2021 to $1.3bn by 2026.

Deals of the week

• Splitit completed A $10.5 million capital raise
• Aurora Payments acquires One Payment
• PXP Financial partners with DisputeHelp ahead of Mastercard mandate
• Future FinTech Labs and Currencycloud partner to launch low-cost remittance app, Tempo
• Verto and Xente partner to offer cross-border payments in Uganda
• Codat and nCino partner to help banks underwrite small business loans better and faster
• PayU acquires Ding in Colombia

Be on the lookout for

Local payment methods provider PPRO will integrate Buy Now, Pay Later services from Australian FinTech Zip into its mix. With this move Zip, which includes Zip Pay and Zip Money, becomes the first Australian BNPL method to be added to PPRO’s digital payments infrastructure and sits alongside other Australian local payment methods. The new integration allows PPRO’s global partners and their merchants to offer Australian consumers a way to pay with their preferred checkout option when they shop online.

Events & Appointments

• The 11th NextGen Payments & RegTech Forum will take place in Athens, Greece, from 21st to 22nd September. Grab the opportunity to meet the key decision-makers that excel in this rapidly changing payments world.