Citi Adds New Payment Solutions
Citi Treasury and Trade Solutions presented a line of new banking products that are intended for use by financial institutions within the scope of their activities related to the execution of payment transactions.
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Swift Enters Beta Testing of CBDC Connector
Swift continues exploring CBDC interoperability, proceeding to the next testing phase with three central banks / monetary authorities and over 30 financial institutions involved
Uber and PayPal Extend Their Partnership
Uber and PayPal announced the expansion of the cooperation program.
Payit by NatWest Launches Payment Links
NatWest Payit users will receive push notifications when a payment link gets paid, fails, or expires. They can also cancel active payment links at any time and resend expired ones.
BNY Mellon Launches Payments Service
The American bank BNY Mellon has established cooperation with Trustly in order to launch an open banking service, through which organizations will be able to carry out payment transactions of consumers directly from their accounts opened in financial institutions.
JPMorgan Reportedly Considers Using Blockchain for Cross-Border Payments
The media reported that JPMorgan is currently exploring the possibility of using blockchain technology to create a digital deposit token.
Google Wallet Launches in Colombia
Colombia was added to the list of 70 countries where Google Wallet can be used to make contactless in-store payments
Interac Mobile Payments Surge Over 50% in Canadian Stores
One of Canada’s major payment providers, Interac, has seen a significant surge in transaction volumes for contactless in-store mobile payments
Travelex Launches Multi-Currency Travel Money Card in Japan
A foreign exchange company Travelex has introduced its prepaid foreign multi-currency card, accepted in more than 210 counties and regions worldwide, to the Asian market of Japan
NatWest Updates Payment Infrastructure With Low-Code Framework
NatWest has partnered with the Icon Payments Framework (IPF) to modernise its payments system in compliance with the new global ISO 20022 payment data message standards.
X Now Has Seven State Licenses For Payments Including Crypto
X, former Twitter, platform is on its way to transforming social media into a financial super app. With the latest license approved in Rhode Island, X can provide financial services in seven US states
Safaricom Launches Mobile Money Service in Ethiopia
Kenyan telecommunications company Safaricom has launched its M-Pesa mobile payment service in Ethiopia.
N26 Integrates iDEAL Online Payment Standard
German online bank N26 enables the most popular online payment method in the Netherlands – iDEAL
QR Code Payments to Grow 590% in Southeast Asia by 2028: Research
A new study from Juniper Research has found the volume of QR code payments in the leading Southeast Asian market will increase from 13 billion in 2023 to 90 billion in 2028.
UK Lolly POS Terminals Now Support Bitcoin Lightning Payments
UK Customers now have the option to pay for their purchases using the Bitcoin Lightning network alongside conventional cash and card methods at all Lolly tills and kiosks
JPMorgan Representative Says About Problematic of Healthcare Payments
Brad Garfield, managing director and head of medical solutions at JPMorgan Commercial Banking, said there are many opportunities to improve the user experience in the healthcare sector in the financial aspect.
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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