Tagged: payments

UK Government Asks Bank of England to Back Payments Innovation

The UK government has moved to give the Bank of England a new formal duty to foster innovation in payment systems and new types of digital money, while keeping financial stability as its overriding priority. Announced on 27 August 2026, the change is intended to… Read More

Stablecoins Fall Short as Large-Scale Payment Tools : BIS Chief

The head of the Bank for International Settlements (BIS) has questioned whether privately issued digital tokens pegged to fiat currencies can serve as a dependable way to move money across the economy. Speaking at the Federal Reserve’s Jackson Hole symposium on 28 August 2026, BIS General… Read More

OpenPayd Now Live on Circle Payments Network for Cross-Border Transactios

OpenPayd has gone live on the Circle Payments Network, giving business clients a way to send ordinary currencies across borders in seconds while settlement happens on regulated stablecoin rails in the background. The London-based infrastructure firm announced the connection on 25 August 2026. Companies that… Read More

Stripe, Advent Pull Plug on PayPal Acquisition

Fintech Stripe and Advent International have decided to halt their efforts to acquire PayPal (Nasdaq:PYPL). Advent International is a private equity firm active in the Fintech sector. The two partners had previously agreed to acquire the payments firm for around $53 billion, or $60.50 a… Read More

Swift Extends Deadline for Structured Addresses in ISO 20022 Payments

Swift has agreed to give the financial industry more time to complete a key part of the ISO 20022 payments upgrade: the shift from free-text postal addresses to structured ones. The decision follows formal requests from several market communities that said they could not meet… Read More

Payouts.com and Casper Build On-Chain Rails for AI Agent Payments

Payouts.com and the Casper Association have joined forces to give autonomous AI systems a practical way to pay for digital goods and services. The collaboration, announced in late August 2026, positions Casper Network as a settlement layer for Payouts.com’s AgentWallet and Digital Employees products. Together… Read More

Visa Joins Monetary Authority of Singapore (MAS) Supported Initiative to Test Stablecoin Settlement

Visa (NYSE: V) has joined a Monetary Authority of Singapore (MAS)-supported effort aimed at bridging conventional financial payment systems with those built around stablecoins. The initiative, known as BLOOM (Borderless, Liquid, Open, Online, Multi-currency), seeks to expand the settlement options available to banks and other institutions… Read More

Bitcoin Core Contributor Flags Near-Vanishing Payments at El Salvador’s Bitcoin Beach

A longtime Bitcoin Core contributor has flagged a noticeable decline in routine bitcoin transactions within El Zonte, the Salvadoran coastal community better known as Bitcoin Beach. Jon Atack, active on Bitcoin Core since 2019 and living in El Salvador since 2022, described a recent lunch… Read More

TerraPay Teams Up with Deutsche Bank to Enhance Cross-Border Payments Infrastructure

TerraPay, a global money movement specialist, has reportedly entered into a collaboration with Deutsche Bank (NYSE:DB) to improve the efficiency and reliability of international fund transfers. The arrangement gives TerraPay access to the bank’s extensive correspondent banking network, advanced payment technologies, and foreign exchange services, enabling smoother… Read More

Absa Group Pursues Fintech Partnerships as Part of Client Acquisition Strategy

Absa Group is actively pursuing collaborations with financial technology firms as part of a broader effort to attract new customers. The approach centers on integrating the bank’s offerings into digital platforms that people already frequent regularly, according to insights shared by a top executive. This… Read More

Fasset Reaches $1B Valuation with SBI Group Backing its Stablecoin Payments Expansion Efforts

Fasset, a Los Angeles-based platform focused on stablecoin-powered digital banking, has secured a $1 billion valuation after closing a $68 million Series C funding round. Japan’s SBI Group (TYO: 8473) has reportedly led the investment, reinforcing support for the company’s strategy centered on cross-border payments… Read More

Payments Firm Helcim Raises $38 Million As Valuation More Than Doubles

Calgary-based payments company Helcim has raised C$53 million ($38 million) in a Series C funding round led by BDC Capital’s Growth Venture Fund, lifting its valuation to C$250 million as it seeks to capture growing demand from small and mid-sized businesses. The round included new… Read More

Chinese Fintech Lianlian DigiTech Targets Agentic Payments With AI-Powered Wallet

Chinese fintech firm Lianlian DigiTech is expanding into AI-powered agentic payments as its global payments business recorded double-digit growth in the first half of 2026, according to its latest Hong Kong stock exchange filing. The digital payments company said it is developing an Agent Wallet… Read More

MoonPay Now Supports Cash App as Digital Payments Method

MoonPay has introduced support for Cash App Pay, enabling eligible customers in the United States to fund purchases of digital assets directly from their Cash App account balances. The company positions itself as the sole platform currently providing this payment option specifically for buying cryptocurrencies… Read More

Walmart Enables Contactless Payments

Walmart (NYSE:WMT) is introducing contactless payments across its US stores and Sam’s Club locations, ending years as one of the last major retailers without broad support for the technology.The retailer announced on August 21, 2026, that Tap to Pay will begin appearing at selected Walmart… Read More

UK Payments: Two Thirds of UK Registered for Digital Wallets, Cash Usage Declines

UK Finance has published a report on payments which shares trends in digital and cash payments in the country. According to their research, debit cards remained the most‑used payment method and card payments accounted for 64 percent of all payments. Today, the UK has over… Read More

Elon Musk’s Social Media Platform X Explores Stablecoin Options for Compensating Digtial Creators

X, owned by Elon Musk, is reportedly examining the use of stablecoins as a method for distributing payments to digital content creators and influencers. According to individuals familiar with the matter, the platform is engaged in discussions about leveraging digital assets pegged to traditional currencies,… Read More

Eskimo Partners with Triple-A to Enable Stablecoin Payments for Global Travel eSIM Plans

Eskimo, a provider of travel connectivity solutions, has launched support for stablecoin transactions on its platform by teaming up with payment specialist Triple-A. This development allows customers to complete purchases of global eSIM data plans using stablecoins directly at checkout, expanding the range of payment… Read More

London based Fintech Modulr Gains Direct Access to Major UK Payment Systems

London-based payments Fintech Modulr has reached a key milestone by becoming a direct pa rticipant in the CHAPS high-value payment scheme, settling transactions straight through the Bank of England. This development positions the company as a non-bank payment service provider in the United Kingdom with… Read More

PPRO, BLIK Partner to Enable AI powered Local Payments in Poland

PPRO announced a collaboration with BLIK aimed at advancing agentic commerce capabilities specifically for domestic payments in Poland. The partnership focuses on integrating the popular Polish mobile payment system into the growing ecosystem of AI-driven shopping experiences, where autonomous agents handle discovery, selection, and transactions… Read More

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