Payments Industry News
A collection of Payments latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Visa Is Slashing 2,600 Jobs as It Adapts to Changing Payments Industry
is cutting 2,600 jobs, or about 7% of its workforce, as it works to adapt to the rapidly changing payments industry. Chief Executive Ryan McInerney said in a memo to employees that most of the roles affected would be in technology and product…
New Education Secretary vows to look at 'egregious' student loan payments
Get our award-winning daily news email featuring exclusive stories, opinion and expert analysis I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. The new Education Secretary has said she is…
Magensa Payment Gateway Completes Level 3 Certification with Global Payments Canada, Extending Services to the Canadian Market
Magensa's platform brings a broad set of capabilities to Canadian ISVs and enterprises, including full eCommerce capabilities supporting in-app and web-app Apple Pay and Google Pay™, tokenization services, and Magensa Portals for boarding…
Visa layoffs: Thousands of jobs slashed at the payments giant as CEO memo points toward AI acceleration
Visa Inc. is preparing to lay off about 2,600 workers, or about 7% of its workforce, the payments processing giant confirmed with Fast Company. The cuts come as the company faces an ever-changing payments landscape, increasingly disrupted by…
Cross-Border Payments Top Stablecoin Use Case in UK Policy Sprint
Latest News PublishedJul 29, 2026 Industry participants said stablecoins offer the biggest near-term benefits for cross-border payments, while domestic UK retail adoption is likely to remain limited. Cross-border payments are the clearest near-term…
Full list of 25 skin conditions that qualify for £114 weekly payments
The Department for Work and Pensions (DWP) has published the complete list of 25 skin conditions that entitle claimants to weekly Personal Independence Payment (PIP) payments of up to £114. Latest DWP statistics reveal there are 27,391 PIP…
Trump Claims E. Jean Carroll Pulled 'Bait-and-Switch' With $5.6M Payment
President Trump says E. Jean Carroll pulled a $5.6 million 'bait-and-switch'... claiming she promised to park his payout somewhere safe before moving it into a personal investment account. In new court docs, obtained by TMZ, Trump says Carroll's…
SweepShark review: Bonuses, games, payments and redemption details
SweepShark launched for U.S. players in 2025 and offers a growing selection of casino-style games through a sweepstakes model. This SweepShark review covers how the platform works, which bonuses are available and what players should know before…
PayPal Expands Into Stablecoins and AI Payments
Latest News PublishedJul 28, 2026 PayPal highlighted growth of stablecoins and AI-driven payment tools in Q2 while reporting $8.68 billion in revenue and an $81 million crypto-related earnings adjustment. Global payments giant PayPal highlighted…
PayPal Reports $81 Million Crypto Loss as Core Payments Beat Estimates
PayPal officially reported its Q2 2026 results, and the published documents revealed a serious imbalance as cryptocurrency investments brought the payments giant an $81 million net loss, while its core payment services delivered strong growth and…
Is your SASSA grant under review? Expect your August payment to be delayed
SASSA informs beneficiaries about delayed August grant payments over ongoing reviews. The South African Social Security Agency (SASSA) has warned thousands of social grant beneficiaries whose grants are currently under review that they will not…
San Francisco payments giant Visa announces 2,600 layoffs
Visa plans to eliminate about 2,600 jobs, or roughly 7% of its workforce, as the San Francisco payments giant reorganizes its technology and product operations and expands its use of artificial intelligence. Chief Executive Ryan McInerney informed…
Thredd's McCarthy Says Payments Will Govern the Agentic Enterprise
The interesting question about the agentic enterprise is not whether agents can act. They clearly can. It's whether enterprises can scale that action safely — and the evidence so far is that autonomy is harder to scale than the demos…
Visa to cut 7% of workforce as CEO seeks to revamp payments firm
Visa is eliminating about 2,600 jobs as chief executive officer Ryan McInerney seeks to make the firm more efficient as it competes in an increasingly tough payments industry. The cuts amount to roughly 7 per cent of the workforce and will…
Payments giant Visa cuts 7pc of its workforce in AI pivot
Layoffs partially a cost-saving measure, sources told Bloomberg. Payments giant Visa is cutting roughly 7pc of its workforce in a now familiar pivot towards AI. The layoffs translate to about 2,600 employees. The job cuts are expected to primarily…
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