Two U.K. regulators said Thursday (Jan. 23) that an independent company, Open Banking Limited, will play a key role in advancing the effort to launch open banking-powered variable recurring payments. The company will help establish an independent central operator to coordinate how those payments are...
The Consumer Financial Protection Bureau (CFPB) is under fire from seemingly all corners, and various legal challenges have alleged that the agency’s recent ramping of its rule-making through the past few months is illustrative of a regulator that’s overstepped its bounds. In the case of...
Digital payments are growing in Latin America as companies like Mercado Libre and TerraPay rapidly advance digital banking and digital wallets in the region. Central bank instant payments mandates and modernized infrastructure in Brazil have also moved the needle to the point where the region...
Payments technology firm Transcard has expanded into the Canadian market. The company announced the move Thursday (Jan. 9) along with the signing of its first customer in Canada, Xodus Travel Services. According to a news release, the Transcard embedded payment platform supports global payments in...
It’s only been for the last 443 years that the start of the new year was celebrated on January 1st. For millennia before that, it wasn’t until late March and on the day when the number of hours between darkness and light was the same....
One of the projects we were most proud of at PYMNTS Intelligence was our series produced with Google Wallet on the attitudes toward and usage of digital wallets. In short: They are gaining traction around the world, offering consumers a convenient and secure way to...
Zillennials, born between 1991 and 1999, are reshaping payment trends as their spending power increases. They are embracing digital wallets, moving away from cash, and being cautious with credit cards. As this generation’s influence grows, businesses must adapt to their payment preferences to meet their...
Mastercard has launched a digital payments-focused partnership with Türkiye-based FinTech company Dgpays. The collaboration is aimed at promoting the adoption of digital payment solutions for consumers and businesses in Eastern Europe, the Middle East and Africa (EEMEA), per a Wednesday (Dec. 18) news release. As part of...
PYMNTS Intelligence data has detailed the ways in which various economies around the globe have “plugged in” to a broad range of digital activities, spanning everything from working to communicating to, of course, shopping. Brazil has been a standout across virtually all metrics, as the...
