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)
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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.
Curve Introduces Wearable Payments
Curve, an all-in-one financial app, is bringing wearable payments technology to the UK
NatWest Rolls Out Digital ID Service
NatWest Group has made the customer attribute exchange service available to businesses.
Mastercard Integrates With a Stablecoin Digital Wallet
Mastercard collaborated with the Australian stablecoin platform Stables to allow retail customers in the APAC region to spend their stablecoins
Xiaomi Applies for Patent Enabling Contactless QR Payments on AR Glasses
Chinese designer and manufacturer of consumer electronics and related software Xiaomi has filed a patent for a QR code payment technology linked to its wearable augmented reality (AR) glasses
Worldline Launches Voice Alert Box to Boost Financial Inclusion in India
Payment service provider Worldline introduced VABOX – Voice Alert Box, which provides instant payment confirmation, overcoming challenges of visual impairment and encouraging inclusivity
Appeals Court Approves Settlement of Visa and Mastercard Antitrust Suit
A federal appeals court has approved the settlement of a class action lawsuit against Visa and Mastercard.
Swiss Bankers Association Considers Joint Deposit Token
The Swiss Bankers Association released a white paper suggesting the digitalisation of the Swiss financial system requires a Swiss franc joint deposit token
Walmart Invests $200 Million in PhonePe
PhonePe, India’s largest mobile payment services company, has raised another $200 million in an ongoing funding round.
Xapo Bank Integrates With UK Faster Payments
Xapo Bank, a leading bitcoin custodian, and the licensed private bank announced integration with the Fast Payments system (FPS).
FCA Takes Aim at Payment Firms Over Unacceptable Risks
The UK Financial Conduct Authority has sent letters to almost 300 payment companies calling for measures to eliminate unacceptable risks to consumers and the integrity of the country’s financial system.
Flutterwave Expands Services in Rwanda
Flutterwave received its Electronic Money Issuer and Remittance Licenses from the National Bank of Rwanda to deploy a range of new products to the country’s 13.5 million citizens
Phos Integrates QR Digital Wallets
SoftPOS solution provider Phos added QR code-based digital wallets, such as PayPal, Venmo, and CashApp, as payment methods for retailers
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.
