Octopus Energy and GoCardless Complete £12bn Direct Debit Migration
Octopus Energy has completed one of the UK’s largest Direct Debit migrations, transferring 5.5 million customer mandates and £12 billion in payments to fintech platform GoCardless. The move accelerates refund processing, cutting typical times from five days to one‑two days via an in‑app self‑refund feature. Automation of back‑office payments frees customer‑service teams to handle more complex issues. The migration underscores Octopus’s strategy of leveraging fintech to modernise the utility payment model.
Xsolla Expands MTN Mobile Money Support to Congo-Brazzaville and Zambia
Xsolla, the global video‑game commerce platform, has added MTN Mobile Money support for Congo‑Brazzaville and Zambia, extending its African payment footprint. Mobile money now accounts for over 5% of GDP across key African markets, generating roughly $14.5 billion in transaction volume...
Mastercard and LoanPro Partner to Launch ‘Loan on Card’ Solution
Mastercard and fintech lender LoanPro announced a partnership to introduce a “Loan on Card” solution, targeting a 2026 rollout. The service will embed fixed‑term installment loans onto Mastercard’s global network, allowing lenders to fund borrowers via virtual or physical cards...