Banks across India will observe various holidays in August due to regional festivals and national observances like Independence Day, with closures varying by state. While branch services will be unavailable on these dates, digital banking services will continue to operate normally.
Swiss cantonal bank BancaStato has launched regulated cryptocurrency trading services for its customers in the Italian-speaking Ticino region, partnering with digital asset bank Sygnum and using Avaloq's banking software to offer Bitcoin, Ether, Litecoin, and Solana.
Banks in several Indian states will be closed between May 26-28, 2026, for holidays including Kazi Nazrul Islam's birth anniversary and Eid-ul-Adha. Customers are advised to check local branch status and utilize digital banking services.
The UAE has introduced a biometric-based initiative allowing tourists to open digital bank accounts and receive debit cards instantly upon arrival, aiming to promote a cashless economy and improve visitor convenience.
PayPal CEO Enrique Lores is reorganizing the company into three segments, making Venmo a standalone unit to track performance or potentially sell the business. The company is recruiting a digital banking executive to lead Venmo, which has nearly 100 million users and is viewed as PayPal's most valuable asset. Two key executives are departing as the company faces pressure from competitors Apple, Google and Stripe and potential layoffs.
Cvc Capital Partners starebbe valutando un'offerta da 9 miliardi di euro per Nexi, la fintech italiana gravata da un debito di 6 miliardi. Il fondo non presenterà l'offerta senza il favore del governo italiano, mentre il principale azionista Hellman & Friedman risponderebbe a un'eventuale proposta. L'operazione prevederebbe lo scorporo del segmento di digital banking a Cassa Depositi e Prestiti.
Salmon, a Manila-based consumer finance app founded by three ex-Tinkoff executives, has raised $60 million in equity and $40 million in debt to bring digital banking to millions of underbanked Filipinos. The startup acquired a rural bank in 2024 to secure its banking license and offers rapid digital lending—20-second loan decisions and next-day motorbike pickup—using behavioral data instead of traditional credit history. The company has raised $310 million total and plans to scale operations and potentially expand internationally within two years.
