Two-Thirds of Businesses to Use Fewer PSPs
The new report shows that businesses worldwide are planning to cut their supplier list, with using fewer payment service providers (PSPs) considered to be the main way to reduce operational costs.
Nina Bobro
Nubank Customer Base in Latin America Surpasses 90 Million
Brazilian challenger Nubank has surpassed 90 million customers in Latin America across its operations in Brazil, Colombia, and Mexico.
Why Is the US Slow to Adopt Instant Payments?
One of the most progressive countries in the world, the US, oddly is lagging behind emerging economies when it comes to payment innovations. As the whole world is rushing to satisfy the public demand for real-time payments, the USA is taking its time to implement instant money transfers into the national financial system. Why is […]
OCBC Bank Rolls Out Internal Generative AI Chatbot
A generative artificial intelligence (AI) chatbot will be available to OCBC’s 30,000 employees globally in November to assist them with writing, research and ideation.
SEPA to Migrate to ISO 20022 Next March
Sepa Credit Transfer, Sepa Instant Credit Transfer, Sepa Direct Debit Core, and SDD Business-to-Business are postponed to migrate to ISO 20022 in March 2024, instead of this November.
Apple Invests $1B Annually Into AI Integration
Reportedly, the tech giant Apple aims to integrate generative artificial intelligence (AI) across its whole product line, spending about $1 billion per year on the technology upgrade.
Paytm Reports 32% Revenue Growth
Paytm Q2FY24 quarter earnings showed robust revenue growth led by higher subscription revenue and an uptick in the loan distribution business.
Binance Stikes New Fiat Partnership to Restore Euro Support
The crypto exchange signed agreements with a number of new regulated and authorized fiat partners after losing its previous partner PaySafe in September.
SEC Wants to Dismiss Charges Against Ripple CEO and Co-Founder
The SEC previously accused Ripple co-founder Christian Larsen and Chief Executive Officer Bradley Garlinghouse of misleading investors on a $1B XRP sale.
China Injects Record Cash to Sustain Low Rates
Record cash infusion can help rates in China to remain low, motivating lenders to support a higher issuance of government bonds and make more loans to clients.
Stripe Checkout Becomes Embedded
Stripe Checkout solution can now be embedded into any website, facilitating the online shopping process for both end customers and merchants.
Mastercard and Remitly Integrate Solutions to Expand Remittance Access
With the new integration of Send and Cross-Border Services by Mastercard, the Remitly platform will offer its customers more choices in remittance methods.
Mistral AI Partners With Google Cloud to Enhance Vertex AI Offering
Mistral AI’s AI model will be integrated within Google Cloud’s Vertex AI enterprise-ready machine learning (ML) platform to accelerate AI adoption and make it easy for businesses of all sizes to launch AI products or services.
X Tests ‘Not A Bot’ Subscription System
In a new experiment with subscription, X, formerly Twitter, requires unverified accounts to pay $1 annually to be able to post & interact with other posts.
Aani Instant Payments Platform Launches in UAE
Aani, an instant payments platform, aims to transform the landscape of digital payments in the UAE, ushering in a new era of seamless, secure, and instant digital payments.
US Mortgage Originations to Reach $1.95 trillion in 2024
The US Mortgage Bankers Association (MBA) expects that total mortgage origination volume will increase to $1.95 trillion in 2024, up from the $1.64 trillion forecast in 2023.
Breaking News
