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IndustryUpdate

PCI-validated point-to-point encryption, tokenization der payment experiences for customers sending money
and secure payment devices to help protect payment to family members and loved ones abroad through
data and simplify compliance efforts. PAX smart termi- trusted and efficient remittance services.
nals will support payment acceptance across healthcare
settings including front desks, kiosks and mobile work- Valor PayTech, LANDI Global
flows. form strategic partnership
Flywire, Scholarship America Valor PayTech and LANDI Global formed a multi-year
digitize scholarship funding strategic alliance to bring LANDI’s Android-based pay-
ment and point-of-sale devices to Valor’s U.S. plat-
Flywire partnered with Scholarship America to digitize form ecosystem. The partnership will initially focus
scholarship disbursements for students and higher edu- on integrating LANDI’s existing device portfolio while
cation institutions across the United States. Scholarship the companies collaborate on next-generation payment
America said it selected Flywire for its established hardware for a variety of merchant environments and
higher education payment infrastructure and experience vertical markets. Valor said LANDI’s family device cer-
processing digital 529 college savings plan disburse- tification, manufacturing scale and hardware roadmap
ments. Through the partnership, Flywire will help complement its expanding software development kit
reduce reliance on more than 110,000 paper checks and platform strategy. LANDI added that the partner-
issued annually by increasing ACH payments delivered ship combines its global engineering and manufacturing
directly to students and institutions. The companies said capabilities with Valor’s U.S. distribution network and
the collaboration is designed to improve payment speed, platform vision. New device launches are expected to be
transparency and administrative efficiency. Flywire has announced later in 2026.
already processed more than $9 billion in electronic 529
tuition payments across more than 800 institutions since ACQUISITIONS
launching its digital disbursement solution.
Nuvion joins CPN to take AmEx eyes TheFork
near-instant settlements global
American Express Co. disclosed plans to acquire
Nuvion joined Circle Payments Network, expanding its European restaurant reservation platform TheFork from
ability to provide near-instant cross-border settlement TripAdvisor for $700 million in cash, subject to regula-
using stablecoins. The integration will enable Nuvion tory approvals and customary conditions. The transac-
customers to move money globally through stablecoin- tion is expected to close before the end of 2026. TheFork
powered settlements, 24/7 liquidity and multi-currency connects millions of diners with more than 50,000 res-
payment capabilities. The company said the partnership taurants across 11 European countries through reserva-
supports its goal of helping creators, businesses, market- tion, discovery and restaurant management tools, AmEx
places and fintech platforms manage global payments stated. The acquisition, the company noted, expands its
with faster settlement and reduced friction. Through the dining strategy and builds on its previous acquisitions of
integration, customers will gain access to near-instant Resy and Tock, bringing its global dining network to an
global payouts in USDC and API-powered settlement expected 75,000 bookable venues. TheFork will continue
tools designed for platforms and fintechs. Nuvion said operating under its current leadership team following
the move strengthens its efforts to make global financial the acquisition.
infrastructure more accessible for digital businesses
operating across borders. Nuvei to acquire Payoneer
Payfuture, ACE Money Transfer Nuvei will acquire Payoneer for approximately $2.75
billion in cash, creating a global financial infrastructure
tackle cross-border payments platform supporting local and cross-border commerce
Payfuture partnered with ACE Money Transfer to in more than 190 countries and territories. The com-
enhance cross-border payout services across key remit- bined company is expected to generate about $3 billion
tance markets. ACE Money Transfer serves more than in annual revenue and process more than $500 billion
1.3 million customers across the UK, Europe, Australia in annual payment volume for more than 2.4 million
and Canada. The companies said the collaboration is customers. By combining Nuvei’s payment acceptance
designed to improve service reliability, operational capabilities with Payoneer’s cross-border payout, multi-
efficiency and the overall customer experience for inter- currency and banking services, the companies aim to
national money transfers. Payfuture will support ACE provide businesses with a unified platform for pay-
Money Transfer’s payout capabilities as demand grows ments, treasury management, FX services and stablecoin
for faster and more dependable remittance services. transactions. The deal is expected to close in mid-2027,
Executives from both companies said the partnership pending approvals.
reflects a shared focus on delivering seamless cross-bor-

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