RBI Introduces Conversational Payments With AI Involved
The Reserve Bank of India is using innovative fintech developments to strengthen the country’s UPI payment system with AI-powered “conversational” payments
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Airtel Africa and Mastercard Launch New Remittance Transfer Service
The new service can potentially benefit 100 million mobile phone users across the continent
Japanese Fintech Soramitsu to Develop Asian Cross-Border Payments System Using CBDCs and Stablecoins
Cambodia’s central bank digital currency (CBDC), Bakong, will become the foundation for an expanding international payment system for Asian countries
NerdWallet Partners upSWOT to Support SMBs
The pilot partnership combines the capabilities of upSWOT data-driven embedded finance tools and NerdWallet Small Business’ financial guidance to empower SMBs with comprehensive solutions
Bank of America Says About Importance of Transcontinental Transparency for Cross-Border Payments
Isabel Baransky, director of Global transactional services at Bank of America and head of automatic conversion products in transactional currency payments, said that the lack of transparency is the most characteristic feature of the current state of cross-border payments.
Rajmargyatra App Enables Toll Payments for Indian Highway Users
The National Highways Authority of India (NHAI) has introduced a new app to improve the highway user experience and facilitate FASTag toll payments and related services
Airwallex Collaborates With OurCrowd to Make Startup Investing Easier
Airwallex announced the beginning of cooperation with the venture investment platform OurCrowd.
Tradeshift Raises $70 Million
Tradeshift, a platform for creating B2B payments, procurement in supply chains, and B2B marketplace services, announced that it managed to raise investment funds in the amount of $70 million.
Rapyd Acquires PayU to Accelerate Expansion Plans
The $610 million acquisition deal enables Rapyd to continue its global expansion across emerging markets in Central and Eastern Europe and Latin America
MAS to Eliminate Corporate Cheques in Singapore: Timeline Revealed
The Monetary Authority of Singapore (MAS) quotes the rising cost of cheque processing as the main reason for abolishing corporate cheques as a payment instrument altogether
Commerzbank Performs Live Blockchain-Based Transactions on Trade Finance Network Contour
Commerzbank has become the first German Bank to successfully carry out blockchain-based Letter of Credit (LC) transactions for its clients at its Singapore and Shanghai branches on the digital trade finance platform Contour
GoPay App Launches in Indonesia
The standalone GoPay app has officially launched in Indonesia, after being available as part of Gojek and Tokopedia apps
Italian Antitrust Watchdog Cancels Payment Fees for Small Retail Transactions
In Italy, the antimonopoly regulator has decided to approve a deal that will eliminate commission fees for payments and simplify the penalty mode regarding financial operations with small cards.
Nigeria Adds NFC Function to Boost eNaira Adoption
The Nigerian central bank hopes that the addition of NFC technology will improve the adoption rates for the country’s CBDC – eNaira
Indonesia and India Can Sign Cross-Border Payments Pact
The media reports that India and Indonesia intend to combine their fast payment systems.
Visa & Mastercard Sued by Block in Another Antitrust Lawsuit
Block, the company behind the Square payment platform, alleges Visa and Mastercard conspired to inflate interchange fees
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.
