Payments Industry News
A collection of Payments latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
E-payments to attract more riders, cut fare disputes: Hong Kong taxi industry
Mandatory e-payment in Hong Kong taxis could attract more residents and visitors to use the service, as about 90 per cent of drivers are ready to meet the requirement ahead of its implementation next month, an industry representative has said. Ryan…
Confusion as Sheffield garage payments link to fencing firm
The owner of a fencing business says he is searching for answers after taking 'hundred of calls' from people querying apparent payments to his firm after visiting a nearby petrol station. Jason Lloyd, of Hillsborough Fencing, in Sheffield said he…
How Oil Impacts India's Balance Of Payments?
Amid supply chain disruptions and increasing volatility in oil prices triggered by the Israel-Iran-US war, India continues to be a net importer of oil, consuming nearly 5.3–5.5 mbpd, while the domestic production stands at 0.6 mbpd.
India's Top Bank Shuns Russian Oil Payments Despite US Reprieve
State Bank of India is not willing to process payments for Russian oil even after the US government issued a temporary waiver for India's imports, as the country's largest lender is uncertain how long the concession will last, according to people…
Proposed 33% rise in MPF payments 'may deepen business pressures, hit jobs'
Proposals by Hong Kong's pension regulator to increase Mandatory Provident Fund (MPF) contributions for higher-paid workers by up to 33 per cent could worsen business challenges and hurt the jobs market, a lawmaker and human resources expert have…
First round of March Social Security payments goes out in two days
The first round of March Social Security payments for retirees, now capped at $5,108, will be issued in two days. Retirees born on or before the 10th of a month will receive this payment on Wednesday, March 11. The second round will go out on March…
Macquarie's bank warning: 10pc of mortgage payments at risk from AI
One of the most fascinating questions posed by the artificial intelligence revolution is: what would the Australian economy look like if unemployment hits 10 per cent? While such a spike in the jobless rate is hardly unthinkable –…
Aon Tests Stablecoin Payments for Insurance Premiums
Aon, one of the world's largest insurance brokers, is testing the use of stablecoins to pay insurance premiums, highlighting the growing role of digital dollars in traditional financial infrastructure following the passage of the GENIUS bill last…
DAERA issues £19.6m in BCR scheme payments
The Department of Agriculture, Environment and Rural Affairs (DAERA) has confirmed that payments have begun to farmers for year two of the Beef Carbon Reduction (BCR) Scheme. Payments commenced today (Monday, March 9) with 99% of eligible…
New DWP Universal Credit payment amounts from April
The Department for Work and Pensions (DWP) has confirmed the new 2026/27 payment rates for individuals receiving the State Pension or benefits, including the updated payment amounts for the 8.3 million people claiming Universal Credit. Alongside…
Prepaid Payment Methods Revolutionise Online Entertainment Security
From streaming the latest high-definition series during a long-haul flight to accessing gaming platforms from a hotel room, our consumption habits have become increasingly mobile and on-demand. However, this convenience often requires linking…
Global insurance broker Aon tests stablecoin payments on Ethereum, Solana with Coinbase, Paxos
Aon (AON), which advises on $5 trillion in assets as one of the world's largest insurance brokers, said it carried out a proof-of-concept using stablecoins to settle insurance premium payments, an early sign that dollar-pegged tokens may start…
DWP confirms Universal Credit health payment cut for new claimants from April
The DWP is slashing a crucial Universal Credit payment from April - but only for certain claimants. The contentious decision will create a divide amongst benefit recipients, sparking widespread condemnation. Ministers have chosen to reduce the…
Stablecoin payments platform KAST raises $80 million Series A at $600 million valuation
KAST, a stablecoin-powered financial platform focused on cross-border payments, raised $80 million in Series A funding led by QED Investors and Left Lane Capital, the company announced on Monday. The company said it plans to use the funding to…
Aon Says Stablecoins Speed Insurance Premium Payments
Aon worked with Coinbase and Paxos to settle premium payments for their respective insurance programs, executing transactions across multiple blockchain networks, the companies said in a Monday press release. This successful proof of concept…
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