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Indian cricket board to review T20 team’s ‘bad phase’ after England defeats | Cricket News

India slumped to a nine-wicket defeat in the fourth T20 against England, following a 2-0 series whitewash in Ireland.

India’s cricket board will review the T20 team’s performance after a dismal run that saw the world champions lose successive series in Ireland and England, a top official said.

India slumped to a nine-wicket defeat in the fourth T20 against England on Thursday, handing the hosts an unassailable 3-0 lead with one match remaining after the opener was washed out.

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The loss was India’s fifth straight defeat, following a 2-0 series whitewash in Ireland last month.

The Board of Control for Cricket in India (BCCI) will meet to discuss the reasons for the team’s performance after the England tour ends on July 19, secretary Devajit Saikia said on Friday.

“The BCCI is currently observing the performance of the Indian T20 team which has not been up to the mark in the ongoing series against England,” Saikia, who is in Edinburgh for the annual conference of the International Cricket Council, told the news agency AFP in a phone interview.

“We will have a review meeting with the core members of the team to discuss what went wrong in England.”

India, who lifted the T20 World Cup in March, have endured a dramatic dip in form. On Thursday, they managed 158-7 in Bristol, a target England chased down with nine wickets and more than six overs to spare.

The defeat came days after India were dismissed for just 76 in Nottingham, suffering their heaviest T20 loss by a margin of 125 runs.

Saikia described the slump as a temporary setback.

“This is not something abnormal and can happen in international cricket. We consider it as a purely bad phase,” he said.

India, coached by Gautam Gambhir, has been without pace spearhead Jasprit Bumrah and all-rounder Hardik Pandya because of workload and injury-management concerns.

Teenage batting sensation Vaibhav Sooryavanshi, handed his long-awaited debut aged 15, has struggled to make an impact, with scores of 14, 13 and 15 in his three innings.

The teams meet in the fifth and final T20 in Southampton on Saturday before a three-match ODI series.

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Why el-Obeid matters as Sudan’s war enters a new phase | Sudan war News

More than 11,000 people, including over 5,500 children, have fled escalating fighting around Sudan’s strategic city of el-Obeid over the past two weeks, according to Save the Children, as the United Nations warns that up to 500,000 civilians could be at risk if the violence intensifies. The city has become the latest focal point in a war that has already triggered the world’s largest displacement crisis.

For much of Sudan’s three-year civil war between the Sudanese Armed Forces (SAF) and the paramilitary Rapid Support Forces (RSF), international attention has centred on Khartoum and the Darfur region. In recent weeks, however, attention has increasingly shifted to el-Obeid as fighting has intensified across Kordofan, prompting warnings from UN officials and humanitarian organisations that another acute humanitarian emergency could be unfolding.

Francesco Lanino, deputy country director for Save the Children in Sudan, said the consequences of displacement extend far beyond the loss of housing.

“For children, displacement is far more than the loss of a home,” he said. “It often means losing access to school, healthcare, clean water and the support networks that help them feel safe and protected. Many have already been displaced multiple times, and without urgent action to protect civilians, ensure humanitarian assistance can reach those in need and prevent further violence, thousands of children could be forced to flee while facing increasing risks to their safety, health and wellbeing.”

Why is el-Obeid so important?

El-Obeid, the capital of North Kordofan state, lies about 360km (224 miles) southwest of Khartoum at the intersection of roads linking central Sudan with Darfur and the country’s southern states.

That location has made it one of Sudan’s most important commercial centres and a key logistical hub for both military operations and humanitarian aid.

The city has remained under the control of the SAF, making it one of the army’s most important positions in western Sudan. Military analysts say control of el-Obeid helps shape movement along key supply routes connecting central Sudan with Kordofan and Darfur, helping explain why both the SAF and the RSF consider it strategically important.

Why has the fighting intensified now?

The battle for el-Obeid reflects a broader shift in Sudan’s war.

After the SAF regained territory in and around Khartoum earlier this year, fighting increasingly concentrated in western Sudan, particularly across the Kordofan and Darfur regions.

The RSF has expanded military pressure around el-Obeid while the army has reinforced its positions inside the city. UN officials have warned that the growing military build-up raises the risk of a wider assault, although neither side has announced plans for a full-scale offensive.

The conflict has also evolved. Drone warfare has become an increasingly prominent feature of the conflict, targeting military positions as well as infrastructure civilians rely on, including fuel depots, electricity networks and water facilities.

What are civilians experiencing?

Civilians in el-Obeid are facing mounting hardship as the fighting intensifies and essential services come under increasing strain.

Aid agencies and the United Nations say repeated attacks have disrupted electricity and water supplies, contributed to fuel shortages and driven up the prices of food and other essential goods. Damage to water infrastructure, combined with restricted humanitarian access, has also heightened concerns about waterborne diseases, including cholera.

Many of those now fleeing el-Obeid had already been displaced by fighting elsewhere in Sudan, meaning they are being uprooted for a second or even third time. Save the Children says more than half of the people displaced in the latest wave are children, underscoring the disproportionate impact the conflict is having on young people and their families.

Why are the UN and aid agencies so concerned?

The immediate concern extends beyond the fighting itself to the possibility that el-Obeid could become the next city to experience prolonged urban warfare, with civilians trapped between rival forces.

According to the United Nations, up to 500,000 civilians in and around el-Obeid could be at risk if violence escalates. The figure includes longtime residents as well as people who had already sought refuge in the city after fleeing fighting elsewhere in Sudan.

People are transported in the back of a truck, some 30km east of the city of El-Obeid, in Sudan's North Kordofan region, on January 9, 2023. -[ASHRAF SHAZLY / AFP]
People are transported in the back of a truck, some 30km east of the city of el-Obeid, in Sudan’s North Kordofan region [ASHRAF SHAZLY / AFP]

Humanitarian organisations warn that continued hostilities could further restrict the delivery of humanitarian assistance into North Kordofan at a time when many communities already face shortages of food, medicine, fuel and clean water.

The UN has also raised alarm over the growing use of drone strikes, warning that repeated attacks on civilian infrastructure are deepening the humanitarian crisis and making it harder for people to access essential services.

Why are officials comparing el-Obeid and el-Fasher?

Officials increasingly fear el-Obeid could follow the trajectory of el-Fasher, the capital of North Darfur, where months of fighting left civilians trapped, humanitarian access severely restricted and basic services devastated.

The comparison does not mean el-Obeid has reached the same stage. Rather, UN officials say it highlights the risk that the city could follow a similar trajectory if fighting intensifies and civilians cannot safely leave or receive humanitarian assistance.

El-Fasher has become one of the starkest examples of the human cost of Sudan’s war. Since fighting escalated there in 2024, repeated clashes, shelling and attacks on displacement camps have forced hundreds of thousands of people to flee, while hospitals, markets and other civilian infrastructure have been damaged or destroyed. Aid agencies have repeatedly warned that restrictions on humanitarian access have deepened hunger and disease, leaving many residents with little access to food, clean water or healthcare.

UN officials fear a similar pattern could unfold in el-Obeid if military pressure continues to build. The city has become a refuge for people displaced from other parts of Sudan, meaning a major offensive could trap large numbers of civilians while further disrupting aid operations across Kordofan. Preventing another prolonged urban battle, they say, is critical to avoiding an even wider humanitarian crisis.

What could happen next?

The next phase of the conflict will depend on whether the current military pressure around el-Obeid develops into a sustained ground offensive or whether diplomatic efforts succeed in reducing hostilities and improving humanitarian access.

For the Sudanese Armed Forces, holding el-Obeid is important to maintaining its position in North Kordofan and preserving access to western Sudan. For the Rapid Support Forces, increasing pressure on the city could strengthen its military position in the region, although the outcome of any future offensive remains uncertain.

If fighting escalates, aid organisations warn that more families are likely to flee while shortages of food, clean water, fuel and medical supplies deepen. A wider battle could also further disrupt humanitarian operations across Kordofan, a region that serves as an important corridor for assistance to communities affected by the war.

More broadly, the battle for el-Obeid reflects the changing geography of Sudan’s war. As front lines shift away from Khartoum, Kordofan is emerging as one of the conflict’s most consequential theatres, carrying profound implications not only for the military balance but also for hundreds of thousands of civilians caught in the fighting.

As the latest wave of displacement illustrates, the humanitarian consequences are already unfolding. Whether el-Obeid becomes another prolonged urban battleground, or whether sustained international efforts help avert a wider assault, may determine not only the next phase of Sudan’s war but also the fate of hundreds of thousands of civilians caught in its path.

“The signs from el-Obeid are clear and unmistakable: another human rights catastrophe is unfolding in Sudan,” UN High Commissioner for Human Rights Volker Turk warned late last week. “This is not a drill. It is a red alert that needs to land on the desks of heads of state and government around the world.”

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Four more Dodgers players selected as National League All-Stars

Dodgers center fielder Andy Pages had been hearing from teammates for weeks that he would be selected as an All-Star. But he wasn’t as bullish.

“I wanted to participate, but that wasn’t in my control. I didn’t want to put it out there until I knew it was for sure,” Pages said in Spanish.

On Saturday it became official. Pages was selected as an All-Star for the first time. After coming so close in 2025, he’s set to start for the National League.

“It’s exciting to be able to participate in my first one,” Pages said before the Dodgers’ 3-0 win over the San Diego Padres at Dodger Stadium. “I’m really proud of the work that I’ve been doing and to have the opportunity.”

Pages is one of five Dodgers on the National League squad. Third baseman Max Muncy (third All-Star selection), first baseman Freddie Freeman (10th) and Yoshinobu Yamamoto (second) were named to the NL roster Saturday. Shohei Ohtani (sixth) was named an All-Star on June 25 after leading the majors in Phase 1 voting.

“It should be [Pages’] second,” Freeman said. “I think he should have had it last year. Andy has been great for a couple years now. So I’m glad he’s getting the recognition. I’m glad the fans are gonna get to see him in Philadelphia.”

It marks the first time since 1980 that the Dodgers have had four All-Star starters. Their five All-Star selections ties the Atlanta Braves and Philadelphia Phillies for the most in the majors.

Muncy is set to be the first Dodger to start the All-Star Game at third base since Ron Cey in 1977.

Though Dodgers pitcher Justin Wrobleski (10-2, 2.80 ERA) was not named an All-Star, he could play as a possible injury replacement.

The All-Star Game will be played July 14 at Citizens Bank Park in Philadelphia.

Fittingly, on Saturday, Yamamoto took the mound against the Padres and threw seven shutout innings.

Dodgers pitcher Yoshinobu Yamamoto raises his arms while walking back to the dugout in the seventh inning.

Dodgers pitcher Yoshinobu Yamamoto raises his arms while walking back to the dugout in the seventh inning after striking out 10 in a 3-0 win over the San Diego Padres on Saturday night at Dodger Stadium.

(Gina Ferazzi / Los Angeles Times)

“He looked like an All-Star,” Roberts said. “He came out with a purpose. You could see the intent tonight, execution, really good from pitch one. And gave his chance to really reset the bullpen and gave us length.”

Once he settled in, he got even better. After giving up three singles in the first two innings, Yamamoto (2.49 ERA) didn’t surrender another hit. He tied a bow on the performance, ending it with his 10th strikeout.

“It’s such an honor to be selected for the All-Star team,” Yamamoto said through interpreter Yoshihiro Sonoda. “I was there last year and this year I feel it is even more meaningful.”

He got run support and defensive backing from his fellow All-Stars.

Andy Pages hits a run-scoring single in the third inning of a 3-0 win over the San Diego Padres.

Andy Pages hits a run-scoring single in the third inning of a 3-0 win over the San Diego Padres at Dodger Stadium on Saturday night.

(Gina Ferazzi / Los Angeles Times)

Pages drove in the first run in the third inning. With runners on second and third, in a 1-2 count, Pages extended to the outside edge of the plate to get around a slider and send it through the left side of the infield. The Dodgers took a 1-0 lead.

Muncy flashed the leather with a backhanded pick up the third-base line in the fifth inning.

Freeman hit a solo homer in the sixth — a moon shot that sailed higher than the fireworks going off in the neighborhoods around Dodger Stadium. Two innings later, he roped an RBI single up the middle.

The Dodgers claimed a series win in the four-game home set against their division rival, with the chance to sweep Sunday. They’ve won seven of nine games against the Padres this season.

Ohtani feeling better

Dodgers pitcher Shohei Ohtani pumps his fist after getting San Diego's Manny Machado to ground out.

Dodgers pitcher Shohei Ohtani pumps his fist after getting San Diego’s Manny Machado to ground out in the fifth inning Friday.

(Gina Ferazzi / Los Angeles Times)

Ohtani was feeling “considerably better” Saturday, after leaving Friday’s game in the seventh inning with tight right biceps.

“If things trend the way we would expect, then he’ll be in there [Sunday],” Roberts said.

Ohtani didn’t play Saturday. But Roberts confirmed after the game that he expects Ohtani to be back Sunday. Roberts didn’t expect the biceps problem to affect Ohtani’s throwing schedule between pitching starts, especially because he aggravated it on a swing.

The Dodgers, however, could still decide to have Ohtani skip his last pitching start before the All-Star break.

“The first step is how he feels tomorrow, and then the days forthcoming,” Roberts said. “So we don’t need to make that decision today, tomorrow, the next day. So we have time. And I think for us it’s just more of reading and reacting on how he feels.”

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Shohei Ohtani is the first Dodger to be named 2026 All-Star

Shohei Ohtani was the first Dodger to be named a 2026 All-Star, after leading the majors in Phase 1 voting for the All-Star game on July 14 in Philadelphia. Six other Dodgers were finalists through the fan ballot, giving them a chance to claim starting spots in Phase 2 of voting.

Ohtani locked down the starting DH spot for the National League squad, with 3,341,257 votes. The top vote-getters in each league bypass Phase 2. Second baseman Ernie Clement of the Toronto Blue Jays was the top vote-getter in the Amlerican League, with 3,232,932 votes.

Ohtani was the expected choice, despite a slow offensive start. His red-hot June boosted him up the leaderboards. He entered Thursday with the second-highest OPS in the National League (.963), barely trailing Mets outfielder Juan Soto (.965).

Pitchers aren’t chosen through the fan vote — hurlers and reserves have to wait for the player ballot (which includes votes from players, coaches and managers) and commissioners picks. But Ohtani has been just as impressive on the mound this year.

He has a 1.58 ERA, the fourth-best mark among NL pitchers who have thrown at least 50 innings this season.

Dodgers first baseman Freddie Freeman (2,666,008 votes), third baseman Max Muncy (2,890,181) and outfielder Andy Pages (2,158,664) also led their respective NL position groups in voting. Other Dodgers finalists, who advance to voting Phase 2, include catcher Will Smith (1,871,805), shortstop Mookie Betts (1,762,343 ) and outfielder Teoscar Hernandez (1,569,932).

The vote totals reset for Phase 2, which runs from next Monday through Thursday. The remainder of the All-Star starters are set to be announced on July 4 on Fox Sports.

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Fresh strikes, surging inflation signal new phase of Iran war

U.S. retaliatory strikes against Iran will continue after its forces shot down an American helicopter, President Trump said Wednesday, accusing the Islamic Republic of stringing him along over months of negotiations to end the war.

The prospect of a renewed U.S. air campaign cast fresh doubt on the viability of a ceasefire between the United States and Iran that has largely held since April, when the two sides reached a tenuous truce, pausing weeks of fighting. Trump’s decision to resume attacks comes after an exchange of fire between Israel and Iran threatened to spiral into open war over the weekend.

The administration has presented Trump with options to expand U.S. targets beyond the immediate area around the Strait of Hormuz to Iranian power plants across the country, an escalation that will open the president up to accusations he is targeting civilian infrastructure, according to a defense official familiar with the matter.

Speaking with reporters in the Oval Office, Trump encouraged the Iranians to accept a framework agreement negotiated between the two sides, and suggested that additional military action might compel Tehran to accept a final truce.

“We hit them hard yesterday, and we’re gonna hit ‘em again hard today,” Trump said. “And we’ll see what happens with the deal. We were really close to a deal, but they keep tapping us along — they keep playing us for suckers.”

The president’s remarks came a few hours after Trump posted on his social media website that Iran “will have to pay the price” for taking too long in negotiating a peace deal.

When pressed by reporters to elaborate, Trump said he meant that bombing would resume but declined to say whether that would include strikes on Iranian power plants and bridges, a threat he has repeatedly issued during the war.

The ongoing conflict, which is in its fourth month, has left a mark on the global and domestic economy. The U.S. Bureau of Labor Statistics reported Wednesday that inflation accelerated in May, driven by a surge in energy prices linked to the war with Iran.

The consumer price index rose 0.5% on a seasonally adjusted basis — the largest monthly increase in three years — pushing the annual inflation rate to 4.2%.

Asked whether he was concerned about the inflation numbers, Trump told reporters that the “numbers were great.”

“You know what I really love? I love the inflation. You know why? Because as soon as this war is over…,” Trump said, without finishing the thought.

The remark prompted near instantaneous news releases from Democratic operatives, as well as the party war room, which sent out a statement accusing Trump of mishandling a reckless war that has devastated the economy in the process.

“Donald Trump’s disastrous economic agenda and deadly and costly war with Iran have made life unbearable for millions of Americans,” Kendall Witmer, the Democratic National Committee’s rapid response director, said in a statement.

“Working families are shouldering skyrocketing costs for basic goods, with their wages being eaten up by Trump’s soaring inflation,” she added. “On the campaign trail, Trump promised to ‘defeat inflation,’ and to lower costs on ‘Day One,’ but two years later, Trump can’t get a handle on his war of choice with Iran as he tanks the economy back home.”

Trump then told reporters about a secret military mission to ensure safe passage for oil tankers through the Strait of Hormuz, one of the world’s most important commercial waterways. He said the operation had secured the passage of more than 100 million barrels of oil through the strait since it began.

“We took out, the other night, 22 ships late at night with no lights because they don’t have any radar because we blasted the crap out of it,” Trump said.

A couple of hours later, Trump wrote in another post that the military operation had been “wildly successful,” and that it proved the United States — not Iran — was in control of the Strait of Hormuz.

“Their military is defeated, and their economy is lost,” he wrote. “It’s over for Iran!”

Over months of diplomacy with Iran, Trump has sought to avoid a return to conflict, often seeking de-escalation when fighting has flared — and repeatedly pressuring Israel to minimize its attacks in Lebanon, where it continues to battle the militant group Hezbollah, a proxy of Iran.

Israeli strikes continued Wednesday, according to local news reports, while Hezbollah said it carried out attacks on Israeli troops stationed in southern Lebanon.

Speaking to journalists in the Oval Office, the president implied he was losing patience with Iranian tactics at the negotiating table.

“I gave them a break, at the request of Pakistan,” he said. “They still are working on trying them to do what’s right. But we want a deal that’s meaningful. We want a deal that works.”

“It was just tap, tap, tap,” the president added. “I don’t know what they’re doing.”

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Control of the Strait of Hormuz May Define the Next Phase of the Iran Conflict

The Strait of Hormuz has become the central strategic battleground in the ongoing confrontation involving Iran, the United States, and regional Gulf powers. What initially appeared to be a military conflict is increasingly evolving into a struggle over maritime control, energy security, and geopolitical influence.

Since the outbreak of hostilities following the joint United States and Israeli strikes on Iran in February, Tehran’s near closure of the Strait of Hormuz and Washington’s retaliatory naval blockade have severely disrupted global energy markets. The conflict has reduced the movement of oil and liquefied natural gas through one of the world’s most critical maritime chokepoints, creating economic instability far beyond the Middle East.

Recent tanker movements coordinated through informal understandings with Tehran suggest that Iran may now be shifting from blocking Hormuz entirely to selectively controlling access. This emerging dynamic could fundamentally reshape Gulf security and international energy politics.

Hormuz Is No Longer Just a Trade Route

The Strait of Hormuz is one of the most strategically important waterways in the global economy. Before the conflict, roughly one fifth of global oil and liquefied natural gas shipments passed through the narrow corridor each day.

Its disruption has exposed the vulnerability of global energy markets to geopolitical conflict. Asian economies have been particularly affected because of their heavy dependence on Gulf energy exports. Oil supply disruptions and rising transportation risks have intensified inflationary pressure, energy insecurity, and market volatility across multiple regions.

The recent passage of a limited number of oil and gas tankers with apparent Iranian approval demonstrates that Tehran may now be exercising selective authority over maritime transit rather than enforcing a complete blockade.

This distinction is critical because it suggests Iran is attempting to transform military leverage into long term political and economic influence.

Iran’s Emerging Strategy of Selective Access

The limited reopening of shipping lanes indicates that Tehran may be developing a new model of strategic control. Rather than permanently shutting down the strait, Iran appears to be determining which countries, companies, or shipments can safely transit through the waterway.

This selective access system gives Tehran several advantages.

First, it allows Iran to maintain pressure on global energy markets without fully halting trade flows that could trigger overwhelming international military intervention.

Second, it creates potential economic benefits through informal transit arrangements, leverage over energy dependent states, and indirect influence on oil pricing.

Third, it positions Iran as a gatekeeper within one of the world’s most important strategic corridors, expanding its geopolitical relevance despite sanctions and military pressure.

The reported coordination involving Pakistan and Qatar also demonstrates how regional diplomacy is becoming intertwined with energy security and conflict management.

Gulf States and the United States Face Strategic Risks

For Gulf Arab states such as Saudi Arabia, United Arab Emirates, and Qatar, any arrangement that allows Iran to regulate maritime access poses a direct strategic threat.

Their economies depend heavily on uninterrupted hydrocarbon exports, and Iranian control over transit patterns would increase Tehran’s regional influence at their expense.

Asian importers are equally vulnerable because selective access introduces political uncertainty into global energy supply chains. Countries dependent on Gulf oil and gas would become increasingly exposed to Iranian political calculations.

For the United States, accepting Iranian dominance over Hormuz would undermine Washington’s broader strategic objectives in the region. The Trump administration has repeatedly emphasized restoring unrestricted freedom of navigation as a core war aim.

Allowing Iran to effectively manage maritime access would signal a major geopolitical shift and weaken perceptions of American regional dominance.

Why the Current Situation May Become More Dangerous

The most concerning aspect of the emerging situation is that temporary wartime arrangements could solidify into a long term strategic reality. Even if a ceasefire is eventually reached, Iran may resist fully restoring unrestricted navigation because Hormuz now represents its strongest source of leverage against the United States and regional rivals.

This creates the conditions for a prolonged state of instability rather than genuine conflict resolution.

A system based on selective transit rights would likely produce repeated confrontations as regional powers, Western navies, shipping companies, and energy importers challenge or negotiate the limits of Iranian control.

Such a situation would institutionalize uncertainty in global energy markets and increase the likelihood of future military escalation.

Analysis

The battle over the Strait of Hormuz reflects a broader transformation in modern geopolitical conflict where control over trade routes and economic chokepoints can become more strategically valuable than territorial conquest.

Iran appears to recognize that its greatest strength lies not in conventional military superiority but in its ability to disrupt the global economy through maritime leverage. By controlling the flow of energy through Hormuz, Tehran can influence oil prices, inflation, international diplomacy, and political stability in rival states.

This gives Iran asymmetric power against economically stronger adversaries.

The United States faces a difficult strategic dilemma. Military escalation aimed at fully reopening Hormuz could deepen regional conflict and further destabilize global markets. However, tolerating selective Iranian control risks weakening American credibility and altering the regional balance of power in Tehran’s favor.

The current situation also exposes the limits of military power in resolving structural geopolitical disputes. Even if active fighting declines, the underlying contest over maritime control, energy security, and regional influence will likely persist.

Ultimately, the future of the Gulf may increasingly depend not on battlefield victories, but on who shapes the rules governing the movement of energy through the Strait of Hormuz. If selective Iranian control becomes normalized, the region could enter a prolonged era of economic coercion, strategic competition, and recurring confrontation.

With information from Reuters.

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Paymentology Raises $175 Million co-led by Apis Partners and Aspirity Partners to Support Next Phase of Growth

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LONDON — Paymentology, the leading global issuer-processor, today announced a $175 million investment co-led by Apis Partners (”Apis”), a private equity firm specialising in financial infrastructure and services, and Aspirity Partners (“Aspirity”), a pan-European Private Equity firm focused on Financial Technology & Services and Enterprise Technology & Connectivity Services.

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The investment will support Paymentology’s continued global expansion, product development and strengthening of its team, as the company builds on strong demand for modern issuer processing on a global scale.

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The transaction brings together two investors with deep experience in the payments industry and a shared focus on advancing payments infrastructure, united by the view that issuer processing represents one of the most significant opportunities in the sector. For Apis, the investment, made by Apis Growth Fund III1, marks the firm’s 16th payments investment. Both Apis and Aspirity will draw on their deep sector and global network of payments experts to support the next phase of Paymentology’s growth.

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Joe O’Mara, Founder and Managing Partner at Aspirity Partners commented:

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“Payments is a core pillar of our investment strategy, and Paymentology represents the kind of category-leading platform we look to back: modern technology, global relevance and strong exposure to long-term growth in digital payments. As Aspirity’s first investment from our inaugural fund, this partnership reflects our sector-specialist approach and was the downstream outcome of our proactive thematic origination model, including the valuable contribution of our Innovator & Leader network. We have been particularly impressed by the execution and ambition shown by Jeff and the team, and look forward to supporting the company through its next phase of international growth.”

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Matteo Stefanel, Co-Founder and Managing Partner, Apis commented:

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“We are thrilled to partner with Paymentology – a company that operates at the centre of an attractive and fast

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growing segment in the global payments ecosystem – and build on our decade plus relationship with the executive team. Leveraging our global connectivity and sector expertise across the payments value chain, we look forward to supporting management as they continue to scale, extend their capabilities and deliver meaningful, lasting impact by improving access to modern financial services worldwide.”

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Despite the global payments market being estimated at $49 trillion by 2026, much of the issuing layer remains constrained by legacy infrastructure, limiting innovation, speed and the quality of end-user payment experiences. Paymentology is addressing this gap through its highly configurable, cloud-native platform, enabling real-time processing at scale for clients across 68 countries and giving issuers the flexibility to launch, adapt and manage card and digital payment experiences more efficiently across markets.

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Jeff Parker, CEO at Paymentology, commented:

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The future of finance is already here, but legacy infrastructure continues to hold back innovation. At Paymentology, we see a significant opportunity to remove that friction and enable our clients to move at the pace the market demands. We’ve built an issuing platform designed for growth, helping digital banks, fintechs and financial institutions launch, scale and expand their card programmes with confidence. By combining global capability with the flexibility to adapt locally, we enable our clients to compete more effectively with speed, control and efficiency, in an increasingly dynamic landscape.

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This investment and the strength of our partnership with Apis and Aspirity is a strong endorsement of our platform and strategy. It positions us to accelerate our growth, expand our capabilities, and continue supporting our clients as they build momentum, and unlock truly unstoppable progress.

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This momentum is reflected in Paymentology’s performance, with new sales rising 117% year-on-year in FY25 and transaction volumes increasing 65%. Growth has been driven by strong demand from digital banks, embedded finance providers, digital asset-linked card programmes and expense management platforms, alongside established banks modernising legacy systems. The business also benefits from a highly diversified international client base and significant exposure to high‑growth regions including the Middle East, Latin America, Africa and APAC.

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Paymentology’s strong customer relationships, ability to operate across diverse regulatory environments and continuity of management further strengthen its position as a trusted global infrastructure partner. The company will use the capital to support the growth and innovation ambitions of its current and future clients, while expanding beyond core issuer processing into adjacent areas including credit, stablecoin, tokenisation and AI-driven services. Paymentology supports clients in close to 70 countries, including leading FinTechs (for example: M-Pesa by Safaricom, RedotPay, Rain, TrueMoney, ARQ, and many others), and some of the world’s fastest growing neobanks (such as GoTyme, Snappi, Wio Bank, D360, Albo, among others).

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Udayan Goyal, Co-Founder and Managing Partner, Apis added:

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“As the 16th investment Apis has made in the global payments sector, this deal reinforces our strong conviction in the opportunity within issuer processing. This partnership represents a shared vision to accelerate the democratisation of card issuance, broaden access to digital financial infrastructure and expand into new geographies and adjacent capabilities. This further exemplifies our approach of backing proven mission-critical infrastructure providers, capital‑light business models that generate attractive returns while driving measurable positive impact demonstrating that long‑term value creation and impact go hand in hand.”

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