Brazil’s central bank sounds more certain than in the past that it will link its instant payment system, Pix, to similar platforms in other countries, Reuters reported Monday (Aug. 10). The central bank said in a Monday report that connecting Pix and other instant payment...
Global payments platform Paysafe has extended the availability of its digital wallet to Poland as the company continues the expansion of this offering across Europe. With its launch in Poland, the PaysafeWallet enables consumers to pay, send and spend in zlotny by using a debit...
Same Day ACH adoption accelerated in the second quarter as users sought its fast, safe payment capabilities, Nacha said in a Thursday (July 30) press release emailed to PYMNTS. Nacha, which governs the ACH Network, reported that during the second quarter, the number of Same...
Watch more: Need to Know With Green Dot’s Renata Caine Embedded finance has been able to put financial products almost anywhere. The trend is now one of verticalization, according to Renata Caine, senior vice president and general manager of embedded finance at Green Dot. The...
Visa’s latest earnings call put two different versions of digital commerce on the same balance sheet. Version one: Consumers are still spending more on credit and debit cards. Version two: Consumers begin with AI agents and move through stablecoins, tokens and new money-movement channels. As...
Visa is cutting about 2,600 jobs, or 7% of its workforce, primarily from its technology and product teams, Bloomberg reported Tuesday (July 28), citing a staff memo from Visa CEO Ryan McInerney. The company is making the cuts to reinvest in consumer payments, commercial and...
Ant International’s unified wallet gateway, Alipay+, has added its first banking partner in Hong Kong, Hang Seng Bank. This addition enables the users of Hang Seng’s mobile app to make payments via QR code scan at more than 100 million merchants across 55 countries and...
Mastercard has added new security controls, single application programming interface (API) access, and expanded embedded payments capabilities to its virtual card number platform, Mastercard In Control. Together, these new features help enterprises and financial institutions manage virtual card programs with greater security, visibility and scale, the company...
Spanish banks are reportedly offering a new bank-to-bank in-store payment system, challenging American payment systems. That’s according to a report Wednesday (July 22) from Bloomberg News on the efforts of Bizum, a consortium of 30-plus banks in Spain. The group has just introduced Bizum Pay, which lets consumers...