2 stories from 2 sources
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UK fraud losses rose to £1.28 billion in 2025, up 4% year over year, driven by a sharp rebound in authorised push payment fraud after a prior decline. The figures show criminals continuing to exploit real-time bank transfer rails and social engineering.
8:01 PMFinextraChina is preparing a commercial launch of mBridge, a cross-border payments platform built around central bank digital currency rails. The system is backed by the central banks of China, Hong Kong, Saudi Arabia, Thailand, and the UAE and is positioned as an alternative to SWIFT-linked flows.
5:29 PMPYMNTSSummary
UK fraud losses rose to £1.28 billion in 2025, up 4% year over year, driven by a sharp rebound in authorised push payment fraud after a prior decline. The figures show criminals continuing to exploit real-time bank transfer rails and social engineering.
Why it matters
Rising APP fraud turns instant account-to-account payments into a growing cost center, accelerating security controls that can change conversion rates and product design across UK payments.
Summary
China is preparing a commercial launch of mBridge, a cross-border payments platform built around central bank digital currency rails. The system is backed by the central banks of China, Hong Kong, Saudi Arabia, Thailand, and the UAE and is positioned as an alternative to SWIFT-linked flows.
Why it matters
A live, multi-CBDC settlement network can reroute high-value cross-border payments away from SWIFT-centered governance and reshape control over payment messaging, liquidity, and compliance.
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