Payments Industry News
A collection of Payments latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
When are September 2026 SNAP benefit payments coming?
Millions of Americans who receive benefits through the Supplemental Nutrition Assistance Program (SNAP) will soon begin collecting the September round of monthly payments, with distribution dates varying by state. SNAP, commonly referred to as food…
Mobile payments on the rise but cash decline slows
Consumers are increasingly relying on their mobile phone to make payments rather than carrying bank cards, new data shows. Two-thirds of adults in the UK were registered with at least one mobile payment service last year, according to an annual…
Use of yuan hits 6-month high in Hong Kong's fast-payment system
Hong Kong's fast-transfer payments denominated in yuan surged to a six-month high in July, signalling accelerating adoption of real-time cross-border retail payment channels even as mainland Chinese authorities maintain tight controls on capital…
Homeowners managing higher mortgage payments despite concerns: survey
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Cash expected to make up just 4% of payments by 2035 as digital innovation grows
More than nine in 10 (91%) UK adults were using least one form of online, mobile or telephone banking in 2025, according to a banking and finance industry body. The proportion increased from 88% of adults who were using remote banking in 2024, UK…
Apple overhauls Europe app store fees to resolve payments clash
Apple on Tuesday announced that alternative, third-party app stores in the European Union will be charged a 5% commission on in-app purchases as part of a new system of software commissions for iPhone apps. The iPhone maker says its new fee…
AI bots will turn online shopping on its head, says payments giant
Purchases made from start to finish by artificial intelligence assistants are on track to outnumber those made by people clicking through websites, according to the president of one of the world's largest payments companies. John Collison, the…
DWP PIP plan to replace cash payments in banks with 'reimbursed' expenses
Reform's proposals to reduce the expanding Department for Work and Pensions (DWP) expenditure could result in claimants having cash payments substituted with council-reimbursed expenses. Once fully implemented, approximately 2.89 million PIP and UC…
Reserve Bank Of India Faces 'Cash Paradox' Despite Digital Payment Growth
The Reserve Bank of India is grappling with a significant 'cash paradox,' where physical currency in circulation continues to rise even as digital payment adoption surges, posing a complex challenge for future currency demand forecasting and…
Future of cash in UK explained as it will make up just 4pc of payments
More than nine in 10 UK adults were using least one form of online, mobile or telephone banking in 2025, according to a banking and finance industry body, as cash use fell last year and is expected to decrease further over the coming decade. Around…
WEX Says Embedded Payments Are Easier to Launch Than to Scale
Embedded payments can look simple at launch. A company identifies a customer pain point, integrates a payment capability and begins moving transactions through an experience it already controls. Then the challenges come when the embedded finance…
Space boss defends employing ex councillor who got 'secret payment
A company CEO has defended employing a former Cornwall Council cabinet member who was at the centre of a political controversy regarding a role at Spaceport Cornwall, where he is still based. There has been a call for an investigation into why…
DWP £114 payment change for state pensioners in August with 4 conditions set
State pensioners who receive a £114 DWP benefit due to a widespread condition could find their payments landing three days ahead of schedule, on top of their regular state pension. The August Bank Holiday will prompt the DWP to issue early…
Payment Asia Group Secures Canadian MSB Licence, Group's AlphaPay Completes Motion Pay Integration
Strategic acquisition, integration and Canadian MSB licence strengthen Payment Asia Group's North American presence and cross-border payment capabilities HONG KONG, Aug. 18, 2026 /CNW/ -- Payment Asia Group, a diversified fintech holding company…
DWP update for all pensioners due Winter Fuel Payment this year
The Department for Work and Pensions (DWP) has issued a reminder to pensioners about important September deadlines to opt out of receiving this year's Winter Fuel Payment. Older people in Scotland can opt out of the Pension Age Winter Heating…
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