Payments Industry News
A collection of Payments latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
HMRC urgent £300 Winter Fuel Payment alert to 2.2m pensioners
Tax officials have issued an urgent alert to more than two million pensioners as Winter Fuel Payments go live in the UK. Claims for the benefit of up to £300 can be made from Monday, September 21, as the qualifying week which determines who…
Alert as 6 groups won't get Fuel Payment over qualifying week rule
People hoping to get a boost of up to £300 this winter have been told of the rules as ‘qualifying week' starts - which will decide if people get any money. The Winter Fuel Payment will be crucial this year as residents face soaring…
ECB Launches Key Link Between Blockchain and Euro Payment System
The European Central Bank on Monday began letting banks settle tokenized wholesale transactions in central-bank money, while continuing efforts to develop a digital euro for consumers by the end of the decade. The so-called Pontes project links…
Rajiv Kumar Advocates Continued Zero-Fee UPI To Boost Digital Payments
Former NITI Aayog vice-chairman Rajiv Kumar strongly recommends that the Indian government maintain its zero-fee policy for UPI transactions, highlighting its crucial role in fostering digital payments and economic growth. Former NITI Aayog…
Circle expands payment network with Tazapay deal
54a9af5a-7a55-4e29-89c9-90b4517be86d Key acquisition: Jeremy Allaire, CEO of Circle (File photograph) Circle, the issuer of the United States Dollar Coin and parent of a Bermudian-licensed digital asset business, has agreed to acquire Tazapay in a…
ECB launches Pontes to bridge tokenized asset markets with Eurosystem payment infrastructure
The European Central Bank launched Pontes, a platform that lets eligible financial institutions settle tokenized-asset transactions in central-bank money. Pontes connects distributed-ledger platforms to the Eurosystem's TARGET Services, offering an…
ASEAN's digital payment boom outrunning its scam defenses
Southeast Asia's rapid economic integration has long been a celebrated success story, and nowhere is this more evident today than in its retail payment systems. Across the region, central banks are linking their national QR code protocols under the…
Winter Fuel Payment qualifying week starts as 6 groups excluded
People hoping to receive a boost of up to £300 this winter have been informed of the rules as the crucial 'qualifying week' gets underway — a period that will determine whether individuals receive any money at all. The Winter Fuel…
DWP PIP payments expected to rise under Andy Burnham
Millions of households receiving Personal Independence Payment (PIP) are set to see their payments rise from next spring. The news comes following the publication of September's inflation figures, which traditionally determine the annual uprating…
Automatic £316.70 payments confirmed for state pensioners from November
Pension Age Winter Heating Payments will be paid to eligible pensioners in Scotland from November Automatic payments of up to £316.70 have been confirmed for eligible state pensioners from November. The £316.70 is a Pension Age Winter…
DWP confirms average New State Pension payment is now £216 a week
Millions of people are now receiving the New State Pension as the number of pensioners on the newer system continues to increase. New Department for Work and Pensions (DWP) figures show 5.4 million people were receiving the New State Pension in…
Pensioners urged to check winter heating payment rules as qualifying week begins
Pensioners across the UK are being urged to check the rules for winter heating support as the crucial qualifying week for this year's payments begins. People in Scotland could receive between £105.55 and £316.70 through Pension Age…
State pensioners can boost payments by £358 - check 4 things
Pensioners should check four things to see if they are entitled to the £358 payments State Pensioners could increase their annual payments by £358.50 for each additional qualifying year added to their National Insurance record…
People on highest PIP or ADP could see monthly payments rise to £802 from April
The latest figures from the Department for Work and Pensions (DWP) show there are now 4.1 million people in receipt of Personal Independence Payment. Similar data from Social Security Scotland suggest there are over 510,000 people north or the…
HMRC message to 2.2m pensioners as claims for £300 payments open
Millions of pensioners are set to receive help with paying for their energy costs over the cold winter months. Applications for Winter Fuel Payments open on Monday, September 21, which is also the qualifying week which sets out who can receive the…
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