SoftBank is out to double the users of its PayPay QR code payments app in the next three to four years, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Digital payments infrastructure firm Xendit notched $64.6 million in a Series B funding round led by Accel, bringing the total raised to $88 million since the startup’s 2015 founding in Jakarta, Indonesia. Get the Full Story Complete the form to unlock this article and enjoy...
PNC Bank has joined The Clearing House’s CHIPS network to enable it to “clear and settle high-value and cross-border payments,” per a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
For nonprofits of all types, the last year has been about making the same digital dive that everyone else has. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
India-based Paytm said it reached 1.2 billion monthly transactions in February as eCommerce continued its boom in that country. India’s Economic Times reported that Paytm is also joining up with Ola and private lender IndusInd Bank to seek a new umbrella entity (NUE) license from the...
Early Warning Services, LLC (EWS), a FinTech owned by seven of the nation’s largest banks, and The Clearing House (TCH) announced that Zelle® transactions can now be cleared and settled through the RTP® network, according to a press release emailed to PYMNTS. Get the Full...
The Federal Reserve system allowing financial institutions (FIs) to send money back and forth was down for several hours on Wednesday (Feb. 24), CNBC reported. However, it appeared to be coming back online by later in the afternoon. Get the Full Story Complete the form...
Mastercard and Deutsche Bank are linking up to develop “innovative digital payment solutions for companies.” According to a press release, the collaboration will target businesses, helping them reach new customers, “develop digital business models and expand sales channels in Germany and beyond.” Get the Full...
Mastercard is partnering with mobile wallet provider Island Pay and the Central Bank of The Bahamas to launch the first ever prepaid card that lets people pay using the nation’s central bank digital currency (CBDC), the Bahamas digital Sand Dollar. Get the Full Story Complete...
