India’s Central Bank Abandons UPI Rival Project
The UPI-alternative project that had attracted interest from major tech and finance industry players, including Amazon, Reliance, Facebook, Tata Group, Google, HDFC, and ICICI, is winding up
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Curve Brings Wearable Payments to EU With Tappy Tech
The customers of the digital wallet Curve in 31 European countries will enjoy a new level of convenience and flexibility with wearable payments powered by Tappy Technologies
Soft Space Raises Largest Series B by Malaysian Startup
The Malaysian company SoftPOS Soft Space has attracted investment funds in the amount of $ 31.5 million following the results of the Series B1 financing round.
PayPal Partners Live Nation Entertainment to Provide Flexible Payments for Fans
PayPal announced a multi-year strategic partnership with the global entertainment company Live Nation Entertainment, becoming the preferred payments partner
Stripe Confident in Web Economy Despite Significant Slowing
The Stripe payment company processed transactions totaling more than $817 billion in 2022.
South Africa’s Peach Payments Raises $31 Million
The South African company Peach Payments, which specializes in providing financial services in the field of online payments, announced the receipt of additional funding in the amount of $ 31 million from Apis Growth Fund II.
Lloyds Bank to Move Trade Finance Documentation to Blockchain
Long-term partnership with Enigio will enable Lloyds Bank to digitise its trade finance documentation, delivering faster, more affordable, flexible, sustainable and secure blockchain solutions for its clients
Austria Launches Multi-Modal Mobile Fare Payments
SimplyGo! service allows all citizens of Austria to make contactless fare payments for both single and multi-modal journeys with just two swipes on their smartphone screen
Grubhub Offers Campus Card Payments in Bid for Student Loyalty
Grubhub is actively implementing new payment solutions to ensure the security of college students’ expenses.
Visa Competes to Acquire Banking and Payments Platform Pismo
Visa is interested in purchasing the Pismo cloud banking and payment platform.
JP Morgan Pilots Biometric Payments With US Merchants
JP Morgan plans to implement a plan to introduce biometric payments as part of a partnership with retailers in the United States.
Panera Bread Pilots Palm Reading Tech by Amazon
Fast food network Panera Bread is introducing the Amazon One palm reading technology to enable seamless payments and access to the loyalty program
UAE and India to Test Cross-Border CBDC Use
The Central Bank of the UAE and the Reserve Bank of India have agreed to jointly explore innovation in financial products and services, especially Central Bank Digital Currencies (CBDC)
Two Raises $19.4 Million for Global B2B Payments Solution
Two announced the attraction of investment funds for 18 million euros (about $ 19.4 million).
Qolo and PayQuicker Team Up
Qolo, a leading operator of omnichannel payments and card issuance, announced the beginning of cooperation with PayQuicker, a leader in financial technology in the global payment systems market.
Payments Canada, AusPayNet and EBA Clearing Complete ISO 20022 Сutover
EBA Clearing, AusPayNet, and Payments Canada have transformed their payment systems to adapt to the new ISO 20022 data exchange format.
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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