Although annual revenue growth is expected to slow from 8.8% to 4.0% within the next five years, global payments revenue is still forecast to increase to $2.4 trillion by 2029, as agentic AI, digital currencies, and fintech business models boost the growth.
A consortium initiative Namsan, led by SOOHO.IO and Chainlink to pioneer the Korean won stablecoin ecosystem, has conducted a live pilot for foreign tourists, where USD-based stablecoins were exchanged to Korean won digital vouchers at conversion fees more than 30% lower than conventional FX channels offer.
EvoluteIQ describes itself as an end-to-end hyperautomation platform that brings together process orchestration, data and event processing, agentic and generative AI, ML, enterprise connectivity, and front-end application development.
In an effort to bridge the gap between instant payment expectations and slow processing caused by inefficient cross-border payment rails, BBVA introduces instant payments for cross-border transfers coming from outside the eurozone.
As major U.S. banks, including JPMorgan Chase and PNC, propose hefty fees for consumer data access, and the the US Consumer Financial Protection Bureau has not yet decided on the matter, Plaid agrees to pay an undisclosed fee amount to JPMorgan in an extension of their data access agreement.
AI commerce is becoming more of a buzzword supported by Big Tech solutions like a new open protocol delivered by Google.
Klarna customers using Apple Pay in the US and UK will now be able to purchase items at flexible terms in stores.
As gaming and online betting surge across Latin America, Kushki is stepping in with direct PayOuts to Visa and Mastercard cards helping operators streamline payments and maximize returns.
Tamara raised fresh asset-backed funding facility from major financial institutions, including Goldman Sachs, Citi, and Apollo funds.
Unified QR payment infrastructure helps international trading partners to avoid all the unpleasant aspects of fragmented cross-border payment systems. For China and Indonesia, UnionPay International aims to facilitate the task.
Mastercard’s Agent Pay solution, unveiled in April, will soon debut globally, with Citi and US Bank customers being the first to test AI-enabled shopping features.
Paytently has partnered with Mastercard to introduce an open banking payment solution that enables direct account-to-account checkout, helping merchants improve conversion rates and cash flow.
Remitly One is the new unified membership program designed to help customers send money, manage multiple currencies, and earn rewards — all in one secure platform.
Oman Air has partnered with CellPoint Digital to expand payment options in its booking system, as every year, airlines lose millions not because of ticket prices, but because travelers abandon bookings when they can’t pay the way they want.
Digital banking and payment service provider, Klarna, is now officially listed on the New York Stock Exchange (NYSE) after more than 1,5 years of preparations.
Adding a Pay by Bank account-to-account (A2A) payment option to the payment gateway empowers Revolut customers to seamlessly improve their conversion rates and significantly reduce chargeback hustle.
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