Payments Industry News

Car finance: Compensation payments delayed until next year

Kevin Peachey Cost of living correspondent Millions of drivers who were mis-sold car finance agreements must wait until at least 2027 to receive compensation, regulators have announced. Average payments of about £829 are expected under the…

India delays digital payments fee rollout amid retailer pushback

Following broad pushback from merchants across the country, India has delayed plans to introduce merchant fees on its digital payments network that aimed to make the business more lucrative for the companies that facilitate the payments service…

FIFA president Gianni Infantino received undisclosed $1.7M World Cup payment

FIFA president Gianni Infantino received previously undisclosed compensation from the business entity in charge of the 2026 World Cup, according to documents from FIFA and the U.S. Internal Revenue Service. The lack of transparency surrounding the…

Visa Approved to Prepare Domestic Payments Business in China

Visa Inc. received approval to begin preparations to establish a domestic bank card clearing business in China, as the firm follows rivals Mastercard Inc. and American Express Co. in serving the country's massive payments market. “We greatly…

Visa Wins Approval to Prepare for China Payments Business

Visa Wins China Approval to Prepare Domestic Payments Expansion

Visa Inc. (NYSE: V) has secured approval from China's central bank to begin preparations for establishing a domestic bankcard clearing institution, marking a significant milestone in the U.S. payments giant's efforts to expand into one of the…

NIBSS and Transactility Partnership Delivers National Payment Stack

Transactility, Inc. announced that the Nigeria Inter-Bank Settlement System (NIBSS), Nigeria's central payment infrastructure operator, leveraged Transactility's jPOS open-source technology for the rollout of the National Payment Stack (NPS), a…

UPI MDR Charges Deferred Post Diwali: What It Means For Digital Payments

Discover how the National Payments Corporation of India's decision to defer the 0.4 per cent Merchant Discount Rate on UPI transactions over Rs 2,000 offers significant relief to users and merchants, especially during the upcoming festive season.

Is POLi Safe? How Account-To-Account Payments Work In NZ In 2026

Most Kiwis have clicked the POLi button at least once. It shows up at checkout on Air New Zealand, government payment pages and plenty of local online shops. So, is POLi safe? These days mostly yes, and the reason is fairly recent. In 2025 POLi…

DWP sending bonus payments to state pensioners this Christmas - check if you're eligible

The cash will be paid automatically to those eligible. The Department for Work and Pensions (DWP) is sending a one-off tax-free bonus payment to eligible Brits this Christmas. The money will be paid automatically to people who receive certain…

The Future Of Finance AI May Depend On Bridging Generational Strengths

Dean M. Leavitt, CEO and Founder of Boost Payment Solutions, has over 30 years of experience in the electronic payments industry. ​In the B2B payments industry, a significant amount of time is spent talking about data. Organizations collect…

Allotment of KIADB plots will be cancelled if payments are not made on time, warns M.B. Patil

Minister for Large and Medium Industries M.B. Patil has directed officials to cancel the allotment of industrial plots to entrepreneurs who fail to make payments within the prescribed time for plots allotted by the Karnataka Industrial Areas…

Stripe broadens the connection between AI shopping and payments

Key insight: Stripe has partnered with Constructor in an effort to improve discoverability for AI agents. What's at stake: Consumers are warming to agentic commerce, pressuring merchants to improve payment experience. Expert quote: 'Agentic…

The subscription squeeze: How monthly payments became a new cost of living

Viewed individually, many cost little more than a couple of cups of coffee. They rarely trigger the same spending guilt as a new television, an expensive meal out or a weekend away. But collectively they represent one of the most significant shifts…

DWP confirms full list of people eligible for Christmas Bonus payment

The Department for Work and Pensions has confirmed the full list of people eligible for the Christmas Bonus payment. Millions of people will receive a financial boost from the DWP in December which aims to take the pressure off the festive season.