Google Wallet to Facilitate Age and ID Verification
Google Wallet expands its functionality with ID passes for the UK market, and mobile IDs spreading to more U.S. states.
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Mastercard Advances Stablecoin Infrastructure
Mastercard introduces new end-to-end capabilities that can make stablecoin payments as seamless as everyday fiat transactions.
Amazon Reportedly Invests $41 Million in Amazon Pay India
The media published information according to which Amazon invested Rs 350 crore (about $41 billion) in Amazon Pay India.
Stripe Expands Partnership With Tencent and Weixin Pay Availability
From now on, Weixin Pay, a version of WeChat Pay, is available not only for online payments powered by Stripe but also for in-person shopping via Stripe Terminal in 20 countries.
Swift Enhances Case Management to Optimise Payment Investigations
Swift estimates that adopting Case Management early could help the financial industry save more than $600 million each year in operational and liquidity expenses, while also potentially increasing gross revenue by 3–5%.
Toku Raises $48 Million
Toku raised $48 million in a Series A funding round for its accounts receivable (AR) software-as-a-service (SaaS) platform focused on mid-market to enterprise businesses in Chile, Brazil, and Mexico.
AEON Teams Up with Stellar to Grow Web3 Mobile Payments in Southeast Asia
AEON partners with Stellar blockchain to support payments using $XLM and Stellar-based USDC for e-commerce purposes.
Checkout.com Boosts eBay Global Payment Platform
Millions of buyers and sellers around the world using the eBay platform will have even more seamless e-commerce experiences, as the marketplace partners with Checkout.com.
Klarna Expands In-Store Presence With Clover
Klarna partners with Clover, a point-of-sale system developed by Fiserv, to scale its in-store payment network.
PayPal & TerraPay To Power Real-Time Cross-Border Payments Across MENA
Together, PayPal and TerraPay aim to make cross-border transactions across the Middle East and Africa faster, easier to use and more accessible.
Jack Dorsey Pushes Signal to Launch Bitcoin Payments
Jack Dorsey, a cryptocurrency entrepreneur, and former Twitter chief executive officer, encourages Signal Messenger to integrate Bitcoin for peer-to-peer (P2P) payments, which could potentially contribute to the shift as part of the crypto strategy of the virtual platform away from altcoins.
Shopify and Affirm Expand Pay-Later Pact
Affirm and Shopify have expanded their pay-later offering outside the United States.
Weixin Pay Users to Receive Cross-Border Transfers From PayPal’s Xoom
PayPal’s money transfer service, Xoom, will enable Weixin Pay users to receive money directly into their Weixin Pay Wallet Balance or linked bank accounts through the partnership with Tenpay Global.
Klarna Partners With Aritzia to Make Everyday Luxury Fashion More Accessible
Klarna brings flexible and interest-free payment options to Aritzia clients online and in select boutiques across the US and Canada.
Mastercard to Tackle Payment Fraud in Australia With Biometrics
In Australia, card-related payment fraud neared $1 billion in 2024. Mastercard suggests biometrics and other advanced security measures will help alleviate the problem by the end of the decade.
Spreedly and EBANX to Promote Local Payments in LatAm
The open payments platform Spreedly has teamed with the payment service provider EBANX.
Payments are the transfer of money between two parties in exchange for goods, services, or to settle obligations. They can be made through various online and offline methods like cash, cards, bank transfers, mobile wallets, or digital currencies.
Payments are foundational to the fintech industry. They represent the most frequent and essential financial interaction between individuals, businesses, and institutions. In fintech, innovations in payments focus on making transactions faster, affordable, more secure, and inclusive.
These money transfers are often the entry point for broader digital financial services, such as lending, insurance, or investment, and play a key role in driving financial inclusion and global commerce.
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