WorldRemit and Sendwave owner Zepz is rolling out a stablecoin-linked Visa card. The cards are powered by Bridge, the Stripe-owned stablecoin infrastructure platform, and will let Sendwave Wallet customers spend their digital-dollar balances at millions of merchants worldwide, according to a Tuesday (Dec. 2) news release. Zepz has also signed an...
Digital bank/pay-later provider Klarna is launching a new tap-to-pay feature. The new contactless payment offering is rolling out in 14 European markets, the Swedish FinTech announced in a Tuesday (Dec. 2) news release. “With more than 80% of European shopping still happening in physical stores, Tap to Pay brings...
Mastercard has launched a coalition that aims to help consumers and small businesses around the world use digital tools to enhance their financial health and resilience. The new Global Financial Health Coalition includes financial institutions, nongovernmental organizations, telcos, wallet providers and others, Mastercard said in...
Mastercard and L’Oréal have partnered to offer a credit card designed specifically for the beauty industry in Latin America and the Caribbean. The L’Oréal Mastercard BusinessCard was issued first in Mexico by Clara, which is a Latin American spend management solution, and is set to...
Watch more: What’s Next in Payments: Mastercard’s Mike Kresse The role of the CFO is shifting under macroeconomic volatility, tightening controls and fast-moving technology that touches every operational corner of the enterprise. Speaking with PYMNTS as part of the “What’s Next in Payments” series, Mastercard...
Senator Dick Durbin (D-Illinois) said Monday (Nov. 17) that the proposed settlement in the 20-year Visa and Mastercard “swipe fees” legal battle “falls short” of providing a true solution to “outrageous swipe fees” on credit card transactions. Durbin is the Senate Democratic whip, the ranking...
U.K.-based consumer payments platform Zilch has raised $175 million in debt and equity. The new funding will go towards marketing efforts, product development and improvement to Zilch’s platform, as well as exploring merger and acquisition possibilities, the company said in a Thursday (Nov. 13) news...
Visa’s fiscal fourth quarter results, released after the markets closed on Tuesday (Oct. 28) showed growth in debit and credit spending, a surge in tokenized credentials and momentum in stablecoin-related activity. The company’s materials indicated that U.S. payments volume was up 8%, accelerating from the...
Watch more: Need to Know: Visa, Michael Jabbara Fraud is moving fast, and artificial intelligence is both the weapon and the shield. As scammers harness AI to automate attacks and personalize deception, the defense must match their sophistication. That’s the challenge Visa met with a...