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Finance

Deposit tokens push into payment networks, accelerate capital market overhaul

Deposit-token trials are spreading from payment gateways and merchant networks to cross-border payments, shifting the commercialisation race from issuance to where tokens can be used. Payment and settlement at the same time could cut small merchants’ fees and settlement periods. Inclusive finance is expanding by borrower type as banks tailor products and fintechs support fees. Regulators are weighing tighter limits on single-stock leveraged products. Market reforms also tighten scrutiny of duplicate listings and low-PBR firms.

Telecommunications & Media

Smartphone makers push leasing and subscriptions as upgrade cycles lengthen

The smartphone industry is shifting from competing on device performance to competing on how phones are bought, as premium prices rise and replacement cycles lengthen. Apple has launched an upgrade program in the United States with Klarna, while Samsung runs Galaxy Forever in India combining financing and guaranteed buybacks. Analysts say such plans can feed devices back into the used market and encourage upgrades within 12 to 36 months, though benefits vary by user.

Crypto

10 European financial firms launch joint blockchain RL1 targeting regulated markets

Ten European financial institutions have begun operating RL1, a joint blockchain network targeting regulated financial markets and tokenised assets. RL1 was established in Luxembourg as a European cooperative and launched as a jointly owned venture by its members. Founding members include ABN Amro, SEB and others, with equal decision-making rights over governance and development. RL1 is a private permissioned network based on infrastructure developed by German fintech SWIAT.