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IndustryUpdate

expertise to enhance cross-border payment capabili-
ties and client value.

ACQUISITIONS

Exodus to acquire W3C
Exodus Movement disclosed it will acquire W3C Corp
, the parent company of Monavate Holdings Ltd.
and Baanx.com Ltd. and its U.S. subsidiary, adding
established card and payments infrastructure to its
crypto platform. Once integrated and upon regula-
tory approval, Exodus expects to offer end-to-end
payments, handle stablecoin-based transactions, and
issue payment cards through major networks like
Visa, Mastercard and Discover across the United
States, UK and European Union.

The deal is aimed at reducing third-party dependen-
cies, expanding stablecoin payment offerings, and
generating recurring revenue through processing and
interchange fees.
ACI Worldwide gains Payment Components

ACI Worldwide acquired Payment Components, a
Greece-based fintech that offers modular software for
A2A payments, open banking and financial messag-
ing. Payment Components' technology, including its
payment hub, open banking platform, account-aggre-
gation SDK and messaging tools, will be integrated
into ACI's cloud-native unified payments platform,
ACI Connetic.

The acquisition brings onboard established tech, intel-
lectual property and a global customer base, while
enhancing ACI Connetic's ability to support account-
to-account payments, open banking and modern mes-
saging.

APPOINTMENTS

Bhavna Kaushal joins Payments+Partnerships

Payments+Partnerships appointed Bhavna Kaushal
as engagement lead and senior consultant. Kaushal
brings to the company more than 20 years of experi-
ence across financial services, fintech and loyalty in a
career focused on innovation, partnerships and digital
transformation.

Previously, she led multi-market digitization and loy-
alty initiatives at Scotiabank and held senior roles at
American Express and Berkeley Payments. An indus-
try thought leader, Kaushal serves on Euromonitor's
Global Loyalty Expert Council and has been recog-
nized by Women in Payments with the 2023 Women
in Payments Social Impact & Sustainability Award.

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