Payments Industry News
A collection of Payments latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
What are the monthly payments on a $90,000 home equity loan now?
A report released earlier this month showing home equity borrowing rising across the country wasn't surprising. With trillions of dollars to leverage now and interest rates on home equity loans, in particular, markedly lower than many borrowing…
BharatPe's Stance On UPI MDR: Why The Fintech Firm Supports New Payment Framework
Fintech giant BharatPe has officially endorsed India's new UPI MDR framework, which introduces a 0.4% fee on larger merchant transactions, while clarifying its separation from former co-founder Ashneer Grover's opposing views. BharatPe supports the…
India Puts a Price on Its UPI Payments Boom
Welcome to India Edition, Bloomberg's daily dive into what's moving the worlds of business, markets and politics in this dynamic, fast-paced economy. I'm Menaka Doshi. If you didn't receive this directly in your inbox, you can subscribe here, and…
Inside India newsletter: The world's largest real-time payments system will no longer be free for all
The Indian government is planning to impose a fee on merchants receiving payments above $20 via its payment system, unified payment interface or UPI. The UPI payment system on average processes over 1.1 million transactions every two minutes, as…
BofA's CashPro App facilitates more than €100 billion in payments approved European companies
The shift reflects how mobile access is becoming embedded in corporate treasury workflows, particularly for secure authentication and payment approvals. Bank of America has continued to expand the app's functionality and simplify its design so…
Benefit and state pension payment dates in October confirmed
Benefit and State Pension payments are expected to arrive as normal throughout Octo Millions of people receiving benefits and the State Pension should receive their money on their usual payment dates in October. There are no UK-wide bank holidays…
Three ways to beat state pension tax trap as payments on track to hit £13,036
State pension rise set to cause tax headache for more Brits - 3 ways to reduce burden Finally, we've been given a nearly nailed-on projection of how much state pension rates will rise next April. The reality is bittersweet, as while the few extra…
Apple Pay down: Hundreds experiencing issues with iPhone payment outage
Apple Pay appears to be down, with hundreds of reports flooding in to claim the popular payment service via iPhone is not working. According to DownDetector, there are nearly 300 reports of issues with the Apple Pay product. Tech news, reviews and…
Stoke-on-Trent money launderer snared over £34k payment as two others on the run
Dad-of-two Wahaab Aslam concealed £34,149.98 in his bank account. The 32-year-old was aged 24 when he agreed to let others pay £34,149.98 into his account which they had fraudulently obtained by tampering with an invoice. Now Aslam has…
What is BRICS Pay, and can it rival the West's SWIFT payments system?
The central theme of the BRICS bloc of nations is to push back against the global economic dominance of Western countries. That core value was very much at the centre of this year's 18th BRICS Summit, which took place last week in India. At the…
Exact number of points new PIP claimants need for payment of £778 a month
The latest figures from the Department for Work and Pensions (DWP) show there are now more than 4.1 million adults in England and Wales claiming Personal Independence Payment (PIP). People claiming PIP are assessed using a points-based system that…
Payment giants battle the fear factor in agentic commerce
Key insight: Mastercard and Visa have updated agentic commerce tools to bolster AI agent risk. What's at stake: The card brands are trying to address concerns about AI agents going outside of their instructions. Expert quote: 'Agentic commerce will…
Pension Age Disability Payment claim tips could help people get £458 a month
Older people in Scotland applying for Pension Age Disability Payment are being encouraged to give detailed examples of how their condition affects daily life to help support their claim. Pension Age Disability Payment (PADP) has replaced all new…
Cal Reportedly Ranks in the Middle of ACC Teams in Player Payment Allotment
When it comes to the amount of money allotted to football players, Cal's budget ranks about in the middle of Power 4 conference schools. At least that is according to a report by The Athletic, which did research to determine an estimation of what…
BRICS, and the future of cross-border payments
The idea that BRICS countries should be able to pay each other without routing every transaction through the US dollar is older than most people assume. The Ufa declaration of 2015 asked member governments to examine wider use of national…
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