PaySpace Magazine https://payspacemagazine.com/ The complete guide to FinTech, e-commerce and payments Influencers See UPI MDR Introduction as Vital Step for Ecosystem Monetization: GlobalData https://payspacemagazine.com/news/influencers-see-upi-mdr-introduction-as-vital-step-for-ecosystem-monetization-globaldata/ https://payspacemagazine.com/news/influencers-see-upi-mdr-introduction-as-vital-step-for-ecosystem-monetization-globaldata/ The Indian government announced on September 15, 2026, that a Merchant Discount Rate (MDR), fee charged for processing digital payments, will apply to Unified Payments Interface (UPI) transactions for the first time in nearly six years. The revised framework, introduced under the Payment and Settlement Systems Act, 2007, takes effect from October 15, 2026, and […]

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]]> Fri, 18 Sep 2026 15:08:52 +0300 Convera Reports Global FX Turnover Hits $9.5 Trillion Daily as ‘Volatility Gap’ Widens https://payspacemagazine.com/news/convera-reports-global-fx-turnover-hits-9-5-trillion-daily-as-volatility-gap-widens/ https://payspacemagazine.com/news/convera-reports-global-fx-turnover-hits-9-5-trillion-daily-as-volatility-gap-widens/ Convera, a commercial payments provider, has launched a global report warning that businesses face a growing “volatility gap” — the widening distance between how quickly money moves across borders and how effectively companies manage the currency risk tied to those movements. The report, titled “The Volatility Gap: Why Payments Innovation Doesn’t Solve Currency Risk,” finds […]

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]]> Fri, 18 Sep 2026 14:42:37 +0300 Mastercard: 74% of Asia Pacific SMEs Call Integrated Tools Critical https://payspacemagazine.com/news/mastercard-74-of-asia-pacific-smes-call-integrated-tools-critical/ https://payspacemagazine.com/news/mastercard-74-of-asia-pacific-smes-call-integrated-tools-critical/ Small and medium-sized enterprises across Asia Pacific are adopting digital tools, new payment methods and artificial intelligence at a fast pace, according to Mastercard’s newly released Dreamonomics Report. But the same businesses driving this technology adoption are also asking for something simpler: fewer disconnected systems and more unified ways to run their operations. The report, […]

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]]> Fri, 18 Sep 2026 14:32:11 +0300 Payworld Brings Wero QR Payments to Belgian Terminals https://payspacemagazine.com/news/payworld-brings-wero-qr-payments-to-belgian-terminals/ https://payspacemagazine.com/news/payworld-brings-wero-qr-payments-to-belgian-terminals/ Belgian payment provider Payworld is expanding Wero acceptance into physical stores, allowing customers to pay by scanning a Wero QR code displayed directly on a payment terminal. The integration means that shoppers do not need a separate QR display, printed code or merchant smartphone to initiate a Wero payment. Instead, the terminal itself generates and […]

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]]> Fri, 18 Sep 2026 14:16:04 +0300 The PAY360 Awards Shortlist Is Out, And It’s Never Been This Hard To Get On https://payspacemagazine.com/news/the-pay360-awards-shortlist-is-out-and-its-never-been-this-hard-to-get-on/ https://payspacemagazine.com/news/the-pay360-awards-shortlist-is-out-and-its-never-been-this-hard-to-get-on/ The PAY360 Awards has today revealed the shortlist for 2026, and it is the strongest the awards have seen in nearly two decades. Record entries. Household names alongside fast-moving challengers. A field that reflects exactly what the payments industry looks like right now: competitive, innovative and showing no signs of slowing down. This is what nearly 20 years of industry recognition […]

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]]> Fri, 18 Sep 2026 12:52:37 +0300 The PAY360 Awards https://payspacemagazine.com/events/the-pay360-awards/ https://payspacemagazine.com/events/the-pay360-awards/ Take part in a night to remember Join The PAY360 Awards at the JW Marriott Grosvenor House, London, for our milestone 20th year. This is the defining evening in payments — the night that defines the industry’s winners. In its twentieth year, the awards drew a record field of entries. More than 90 organisations have […]

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]]> Fri, 18 Sep 2026 12:45:59 +0300 FM Summit London 2026 https://payspacemagazine.com/events/fm-summit-london-2026/ https://payspacemagazine.com/events/fm-summit-london-2026/ FM Summit London 2026 will return to Old Billingsgate on 24 November, bringing together senior professionals from online trading, fintech, payments, digital assets and institutional finance. Organised by Finance Magnates Events, the 15th edition FM Summit London 2026 will use a one-day format focused on financial-markets technology, industry developments, networking and business meetings. The main summit […]

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]]> Fri, 18 Sep 2026 12:16:35 +0300 FM Summit London Marks Its 15th Edition With an Iconic Return to Old Billingsgate https://payspacemagazine.com/news/fm-summit-london-marks-its-15th-edition-with-an-iconic-return-to-old-billingsgate/ https://payspacemagazine.com/news/fm-summit-london-marks-its-15th-edition-with-an-iconic-return-to-old-billingsgate/ One Day. One Venue. One Industry. The reimagined summit will bring a carefully selected audience of C-level executives and senior financial markets professionals to London on 24 November. For its 15th edition, FM Summit London 2026 is returning to the venue that has become synonymous with the event. On 24 November 2026, Old Billingsgate will […]

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]]> Fri, 18 Sep 2026 10:15:17 +0300 Connected Banking Summit – Middle East 2026 https://payspacemagazine.com/events/connected-banking-summit-middle-east-2026/ https://payspacemagazine.com/events/connected-banking-summit-middle-east-2026/ The 32nd Edition Connected Banking Summit – Innovation & Excellence Awards 2026, organised by the International Center for Strategic Alliances (ICSA), will take place on 13 November 2026 in Muscat, Oman. Held under the theme “Boosting Digital-First Banking and Enabling Next-Gen Financial Platforms in the Middle East,” the summit will bring together senior banking executives, […]

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]]> Fri, 18 Sep 2026 08:32:51 +0300 US Bond Yields Hit 5% as Deficits Add to Fiscal Concerns https://payspacemagazine.com/news/us-bond-yields-hit-5-as-deficits-add-to-fiscal-concerns/ https://payspacemagazine.com/news/us-bond-yields-hit-5-as-deficits-add-to-fiscal-concerns/ The rise in US bond yields is producing two different readings of the national economy. Federal Reserve Chair Kevin Warsh has pointed to stronger growth, investment and competition for capital as important reasons for higher long-term yields. At the same time, large fiscal deficits, a growing debt burden and higher borrowing costs are keeping attention […]

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]]> Thu, 17 Sep 2026 18:49:46 +0300 Money20/20 Middle East Brings Alipay+ and Tap to Pay to Saudi Arabia https://payspacemagazine.com/news/money20-20-middle-east-brings-alipay-and-tap-to-pay-to-saudi-arabia/ https://payspacemagazine.com/news/money20-20-middle-east-brings-alipay-and-tap-to-pay-to-saudi-arabia/ Money20/20 Middle East closed its active three-day run in Riyadh this week, bringing the fintech community a set of regulatory announcements from the Saudi Central Bank (SAMA), a new unicorn in the Kingdom’s payments sector, and cross-border card interoperability with Qatar. Saudi Arabia Embraces Alipay and Apple’s Tap to Pay  On the closing day of […]

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]]> Thu, 17 Sep 2026 18:44:00 +0300 Circle Onboards Over 100 Institutions for Arc Mainnet Launch https://payspacemagazine.com/blockchain-crypto/circle-onboards-over-100-institutions-for-arc-mainnet-launch/ https://payspacemagazine.com/blockchain-crypto/circle-onboards-over-100-institutions-for-arc-mainnet-launch/ Circle has launched Layer 1 blockchain Arc for stablecoin payments and other financial transactions. More than hundred institutions are already testing the new network. The public Arc Mainnet went live on September 16. The company reported more than 100 applications at launch. There are also more than 100 institutional and ecosystem builders involved. The founding […]

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]]> Thu, 17 Sep 2026 16:40:38 +0300 Clarity Act Collapse Discourages Crypto Industry https://payspacemagazine.com/news/clarity-act-collapse-discourages-crypto-industry/ https://payspacemagazine.com/news/clarity-act-collapse-discourages-crypto-industry/ As US Senate vote on the crypto regulation bill known as Clarity Act failed this week, bitcoin’s price declined along with the share prices of crypto-linked companies, including Coinbase and Circle. Vote hold for an uncertain period also affects crypto service developers in less visible ways.  The main point of the Digital Asset Market CLARITY […]

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]]> Thu, 17 Sep 2026 16:10:01 +0300 How to Evaluate Neo-Banking and DeFi Hybrid Tokens https://payspacemagazine.com/articles/how-to-evaluate-neo-banking-and-defi-hybrid-tokens/ https://payspacemagazine.com/articles/how-to-evaluate-neo-banking-and-defi-hybrid-tokens/ Crypto platforms now offer a familiar bundle: an account, a card, transfers, sometimes FX. Behind that front end sit lending markets, staking and liquidity pools. Many of these projects also have a native token, and that is where investors often get confused. In practice, a neo-banking and DeFi hybrid token is the governance or utility […]

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]]> Thu, 17 Sep 2026 15:58:10 +0300 Brazil’s Pix Shows Why Real-Time Payments Need Real-Time Trust https://payspacemagazine.com/articles/brazils-pix-shows-why-real-time-payments-need-real-time-trust/ https://payspacemagazine.com/articles/brazils-pix-shows-why-real-time-payments-need-real-time-trust/ PayPal’s decision to add Pix to checkout for small and medium-sized businesses in Brazil reflects how deeply the payment method is now embedded in the country’s commerce. According to Central Bank data cited by PayPal, more than 170 million individuals, representing over 90% of Brazil’s adult population, have already used Pix. The direction of use […]

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]]> Thu, 17 Sep 2026 11:05:13 +0300 Nasdaq Verafin Partners With Stablecore on Cross-Asset Financial Crime Detection https://payspacemagazine.com/news/nasdaq-verafin-partners-with-stablecore-on-cross-asset-financial-crime-detection/ https://payspacemagazine.com/news/nasdaq-verafin-partners-with-stablecore-on-cross-asset-financial-crime-detection/ Nasdaq Verafin and Stablecore announced a partnership that unifies digital asset and traditional banking data, giving financial institutions a combined view of financial crime risk across fiat and digital asset channels. Stablecore supplies the infrastructure banks and credit unions use to offer stablecoins, tokenized deposits and other digital asset services within their existing systems. Under […]

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]]> Wed, 16 Sep 2026 18:32:29 +0300 ECB Opens Digital Euro Pilot to Online and Mobile Merchants https://payspacemagazine.com/news/ecb-opens-digital-euro-pilot-to-online-and-mobile-merchants/ https://payspacemagazine.com/news/ecb-opens-digital-euro-pilot-to-online-and-mobile-merchants/ The European Central Bank (ECB) has opened its digital euro pilot to online and mobile commerce merchants across the euro area, giving businesses an opportunity to test how the proposed central bank digital currency could work in real payment environments. The Eurosystem launched a call for expressions of interest on 15 September, following the selection […]

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]]> Wed, 16 Sep 2026 18:22:03 +0300 Velocity Raises $10M From Visa, Circle, and Ripple https://payspacemagazine.com/news/velocity-raises-10m-from-visa-circle-and-ripple/ https://payspacemagazine.com/news/velocity-raises-10m-from-visa-circle-and-ripple/ UK stablecoin infrastructure startup Velocity has raised $10 million in an extension of its Series A funding round, bringing the total value of the round to $48 million. The latest financing includes investments from Visa Ventures, Circle Ventures, Ripple, Haun Ventures, Translink Capital, and Mirana Ventures. The extension follows Velocity’s original $38 million Series A […]

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]]> Wed, 16 Sep 2026 16:54:05 +0300 “Where Malaysia’s AI Decisions Get Made”- World AI Show 2026 Delivers on Its Promise https://payspacemagazine.com/news/where-malaysias-ai-decisions-get-made-world-ai-show-2026-delivers-on-its-promise/ https://payspacemagazine.com/news/where-malaysias-ai-decisions-get-made-world-ai-show-2026-delivers-on-its-promise/ The 48th Global Edition of World AI Show- Malaysia concluded successfully at DoubleTree by Hilton Kuala Lumpur, bringing together 1500+ business & tech leaders AI decision makers, policymakers, C-suite executives, infrastructure leaders, technology pioneers, and enterprise leaders for two days of high-impact discussions, strategic networking, and business collaboration. 1500+ business & tech leaders 50+ Speakers […]

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]]> Wed, 16 Sep 2026 15:58:35 +0300 CoinEx to Shut Down in December: What Users Should Know https://payspacemagazine.com/news/coinex-to-shut-down-in-december-what-users-should-know/ https://payspacemagazine.com/news/coinex-to-shut-down-in-december-what-users-should-know/ Hong Kong-native cryptocurrency exchange CoinEx is winding up operations. Users have till December 22, 2026 to transfer their funds elsewhere.  The crypto company officially cited the extended crypto market downturn, a substantial contraction in industry-wide trading volume and liquidity, and escalating compliance costs as reasons for the closure.  At the same time, CoinEx that has […]

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