Payments Industry News

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…

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 (IRS). The lack of transparency…

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…

Social Security payments of up to $5,181 coming this week

Millions of Americans will receive their next Social Security payment this week, with some retirees eligible for checks worth up to $5,181. The payments come as beneficiaries await another significant announcement on Wednesday: the annual Social…

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.

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…

Ecobank Group and CIPS partner to facilitate Africa-China trade payments

Ecobank Group has signed a Memorandum of Understanding with the Cross-Border Interbank Payment System (CIPS) to strengthen Renminbi (RMB) payment connectivity between China and Africa. The signing ceremony was held in the presence of the Minister…

2 Payment Stocks to Buy and Hold That Raised Their Dividends 14% in Their Latest Increases

When Visa (V +1.47%) increased its dividend in the fourth quarter of 2025, it jumped by a huge 14% (techically 13.559%). Mastercard (MA +1.51%) last increased its dividend in the first quarter of 2026, raising it by just over 14%. The historical…

DWP confirms extra payments for Universal Credit, Pension Credit, ESA from Nov 1

The Department for Work and Pensions (DWP) has confirmed bonus payments for Universal Credit, Pension Credit and income-related Employment and Support Allowance (ESA) for the 2026 to 2027 winter period, as the Cold Weather Payments scheme makes its…

MDR on UPI: Keralam hotels association says will stop accepting UPI payments above ₹2,000 from October 15

The Kerala Hotel and Restaurant Association (KHRA) on Tuesday (October 13, 2026) announced that its members will stop accepting UPI payments above ₹2,000 from October 15, following the introduction of a 0.4% UPI merchant discount rate (MDR)…

State Farm is sending dividend payments and not everyone will get one

Millions of State Farm customers may be entitled to payments from the company. The mutual automobile insurance company announced in July that millions of qualifying auto customers have already received payments as part of its one-time, $5 billion…

XRP Ledger's Payment Engine Had a Counterfeiting Bug Hiding Since 2015

Developers behind the XRP Ledger have disclosed and fixed a critical vulnerability that, left unaddressed, could have let an attacker conjure XRP out of thin air, a flaw that sat dormant in the network's code for roughly a decade. In a disclosure…

Two-Thirds of Shoppers Let Payment Preferences Guide Store Choice

That's a central finding of “ Global Digital Shopping Index: U.S. Playbook — The New American Shopper,” a PYMNTS Intelligence report produced in collaboration with Visa Acceptance Solutions. Drawing on surveys fielded in March…

Skycash Parking adds Blik recurring payments

The Paypers is a global hub for market insights, real-time news, expert interviews, and in-depth analyses and resources across payments, fintech, and the digital economy. We deliver reports, webinars, and commentary on key topics, including…