A glitch in Japan's payments clearing system affects 11 institutions

The operator of Japan's payments clearing network reported on Tuesday that the system had experienced a glitch, which caused some clients of 11 different banks, including MUFG Bank, to experience issues with their ability to transfer funds.

According to the Payment Clearing Network ...

SBI Research deems the withdrawal of Rs 2,000 notes a non-event, as India's digital payments ecosystem is robust.

SBI Research stated in its most recent Ecowrap that the withdrawal of Rs 2,000 banknotes is likely to be a non-event because India has adopted digital payments on a massive scale.

India has been experiencing new milestones in digital payments, both in terms of value and volume, which de...

Sarvatra Technologies, ICICI Bank, IDFC First Bank, and Pine Labs have teamed up to broaden UPI for G20 visitors.

By working together, tourists from G20 countries will be able to make purchases at any of India's five million retailers that take payments via QR code.

Payment’s technology company Sarvatra Technologies Ltd. has announced a partnership with ICICI Bank, IDFC First Bank, and Pi...

Harsh Goenka posts a photo of a Bengaluru tea vendor that takes cryptocurrency payments

Harsh Goenka posted a photo of a tea vendor in Bengaluru who took cryptocurrency payments. Shubham Saini, a tea vendor, also responded to the industrialist's post.

Harsh Goenka posted a photo of a tea vendor taking bitcoin payments.

Shubham Saini, the tea vendor, was from ...

Kadmos Gives Migrant Workers €29 Million

Kadmos, a Berlin-based firm that offers an all-in-one platform for the payment of salaries to employees working abroad, has successfully completed its Series A investment round, which resulted in the company receiving €29 million in capital. The company is placing a substantial gamble on the...

Panthera Growth Gives Innoviti $45 Million

In this regard, the resources would be put to use in the development of solutions that are constructed on top of the already existing payment systems, the improvement of product allocation, and the creation of strategic purchases in the realms of advertising technology and information fields of s...

Global Payment Card Issuance Software Market is Witnessing Remarkable Growth (Inducing Pre & Post COVID Impact)

The massive boom witnessed by e-commerce companies like Amazon along with growing banking & financial sector is the primary reason why the global payment card issuance softwar...

API – Payments wins Ekata the Technology Excellence Award

Customer experience and fraud have become major problems for organisations as a result of numerous companies across all industries ramping up their digital game, particularly amid a global epidemic that forced most transactions online. Ekata's Account Creation Solution, which separates possib...

Innoviti receives a US patent for its secure QR communication system

For the safe transfer of payment information from a consumer-facing product – such as a terminal, website, or mobile app – to a payment processing server for authorization, communication security is critical. Customers' identities can be stolen, merchant identities can be changed,...

Libeo, a French B2B payments expert, bids hello to the United Kingdom

According to the EY Global Fintech Adoption Index, the United Kingdom has the most developed fintech market for consumers in Europe, both in terms of size and usage. However, the rate of adoption of fintech among SMEs in the United Kingdom is far lower, with just 49% of UK firms still using paper...

In Singapore, payment reform is unlocking the value of population health

In healthcare, it is commonly understood that traditional, activity-based payment models not only lack system incentives for enhancing value but also generate disincentives for doing so. Singapore is transitioning to a capitation model to increase healthcare value, in which healthcare clusters wo...

According to a high-ranking politician, Pavel Zavalny, Russia is considering accepting Bitcoin as payment for its oil and gas exports

"Friendly" nations might be permitted to pay in cryptocurrency or their local currencies.

Earlier this week, Russian President Vladimir Putin stated that he would want "unfriendly" countries to purchase Russian gas in roubles.

The action is said to be inten...

Russia is developing means for receiving rouble payments for gas

The Kremlin said on Monday that Russia was working on means for taking rouble payments for its gas exports and that it would make a decision if European nations refused to pay in Russian currency.

Dmitry Peskov, a Kremlin spokesman, said there will be a defined mechanism for making such...

China accepts Russian oil tankers and offers other payment methods

According to people familiar with the situation, Chinese refiners are paying for Russian crude oil via cash transfers to sustain imports from Russia's Fast East, since banks are unable to finance the oil due to sanctions.

Banks stopped funding Russian oil when the US and other natio...

The Age of Crypto Payment Cards is Finally Here

Absolute Markets Insights (AMI) reports that the global cryptocurrency based payment card market is projected to register a growth rate of 35.68% during the 2021-2029 period in its newly released report. This growth is attributed to the rise in the number of crypto transactions globally, which in...

PayPal Coin is a new soon to be Entrant

Highlights:

• Paypal promises smooth transaction and stability with its new development

PayPal Holdings, Inc. is an American multinational financial technology headquartered in California. It is a company that deals in the online payments system ...

South Korea and Indonesia resume talks over fighter jet project

South Korea and Indonesia will be holding their final round of negotiations next week in the Southeast Asian country. This deal is being carried out to address Indonesia’s overdue payments for a joint fighter development project.

Highlights

• South...

Razorpay to launches ‘TokenHQ’, a multi-network tokenization solution

Financial solutions company Razorpay announced the launch of 'TokenHQ'. This is secure multi-network Card-on-File tokenization solution to secure customers financial data. This has been developed in line with the recently-issued guidelines by the RBI.

Highlights...

Mastercard will be issuing chip-based debit and credit cards for safety

Highlights

• By 2033 Mastercard is planning to remove magnetic stripes from all cards
• Chip cards have microprocessors in them 

 Mastercard is preparing to phase out the magnetic strip from all its debit and credit cards. They...

MoneyGram collaborates with Stellar Development Foundation to allow users to send money using USDC Stablecoin

Highlights

• MoneyGram partners with Stella Development Foundation
• This collaboration is done for blockchain payments

MoneyGram, International money-transfer giant strikes a deal with a non-profit organization, Stellar Development Foun...