Digital wallets have made the phone a familiar place to pay. X Money is testing whether a social platform can claim a place in that payment routine. Consumers already have wallets on their phones, stored credentials at merchants and payment apps that reduce the work...
Mastercard is proposing to pay half the amount demanded by Brazilian merchant acquirers that were impacted by the collapse of Will Financeira, also known as Will Bank, a FinTech tied to the failed Banco Master, Bloomberg reported Friday (Aug. 14), citing unnamed sources. In addition,...
Flywire is expanding support for open banking payments in the U.S. and Canada. The expansion, done in partnership with Trustly, is designed to let payers authorize secure, large domestic and cross-border payments from their bank accounts and in their local currency, the payments enablement company said in...
Thredd is working with Cashi to power the stablecoin payments FinTech’s spending and cash-back card. The card program, which is live now in Hong Kong with plans to expand to Mexico in the latter part of this year, lets customers use digital assets to pay for everyday...
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...