Ericsson and FIS Team Up to Simplify Wallet-Led Digital Banking
Hey Digital Banking Fanatic!
Ericsson and FIS are teaming up to make it easier for companies to launch wallet-led financial services without having to stitch together banking, payments, identity, compliance, and ledger infrastructure themselves.
The idea is pretty straightforward: combine FIS’s payments and issuing capabilities with Ericsson’s cloud-native wallet infrastructure into one pre-connected platform. That could make launching digital financial products much faster, especially for telecoms, retailers, healthcare providers, and governments.
Ericsson says its fintech platform already supports 131 million active users and processes around $80 billion in transactions every month. So this is less about building another wallet and more about making the infrastructure behind one easier to deploy.
And that same problem of fragmented financial infrastructure is what Limited is tackling from a global business perspective, bringing accounts, payout rails, cards, and blockchain-based transfers into one platform.
Let’s get into today’s Digital Banking stories. 👇 See you tomorrow!
Cheers,
INSIGHTS
💡 Limited: One Programmable Dollar Layer for Global Businesses. Global banks may operate across dozens of countries, but businesses still face separate onboarding, accounts, portals, and fees in each market. Limited takes a different approach: local accounts across multiple markets, 300+ payout rails in 140+ countries, corporate cards, and blockchain-based intercompany transfers through one platform — reducing the fragmentation and costs of managing global money movement. Read the full article here
NEWS
🇳🇱 Douglas expands Klarna partnership to the Netherlands, adding BNPL checkout options for Dutch beauty shoppers. The retailer already offers Klarna in other European markets and is now extending the payment method to its Dutch online store.
🌍 Ericsson and FIS partner on wallet-led digital financial services, combining telecom reach with payments infrastructure. The collaboration targets markets where mobile wallets can expand access to financial services.
🌎 Stablecoin-powered KAST launches a 24/7 business platform for global companies. The platform lets businesses send and receive stablecoin payments around the clock, bypassing traditional banking hours entirely.
🇰🇷 Woori Bank launches budget mobile plans linked to financial transactions. Customers meeting requirements like payroll transfers can receive up to 20,000 won back monthly, reducing phone bills through banking activity.
🇩🇪 Scalable Capital launches fixed-term accounts at 2.75% p.a. and raises its overnight rate to 2.60% p.a. on unlimited balances. Both products are fully digital and integrated into the app.
🇸🇧 ANZ welcomes the launch of instant payments in Solomon Islands, the third Pacific nation to introduce near real-time domestic transfers after Fiji and Samoa. The Central Bank of Solomon Islands enabled Instant Funds Transfers between participating banks on 23 August 2026, with a transaction limit of SBD3,000 per payment.
🇰🇷 IT Eyes scales up with a GG56 stake, targeting integration of 500 crypto exchanges worldwide. The companies plan to build GxB, a platform linking digital banking and virtual assets.
🇹🇭 TMBThanachart Bank and DBS Bank forge a strategic partnership to help Thai retail investors build and grow their wealth. DBS will transfer Thai baht portfolios to ttb wealth securities while expanding advisory and investment solutions.
🇺🇸 Tyfone creates one unified platform for digital acquisition, lending, and banking through its acquisition of ATTUNE. The deal adds consumer and business account opening, deposit funding, and loan origination, letting community financial institutions manage the entire digital relationship on a single platform.
🇨🇦 Scotiabank names veteran European banking executive Ralph Hamers to board. Hamers served as group CEO of UBS from 2020 to 2023 and as CEO of ING from 2013 to 2020, and currently chairs Banking Circle Group. Continue reading
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