Payments Industry News
A collection of Payments latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Payments startup Flutterwave hits $3.2B valuation, backed by Ripple
African payments infrastructure company Flutterwave announced Tuesday a Series E round that values the company at $3.2 billion. This round, notably, includes an equity investment from payments blockchain company Ripple. The company did not reveal…
Brightline Bondholders Grant Two-Week Extension on Debt Payment
Brightline Trains Florida LLC, the struggling $6 billion private railroad between Miami and Orlando, struck a deal with holders of $985 million of municipal bonds to extend a debt payment due Monday through the end of the month, according to a…
Europe Fights to Loosen America's Grip on Payment Systems
American companies dominate the invisible system that facilitates global payments. Tap a card in a Paris cafe, and, within seconds, a chain of messages travels between banks and processors to approve the purchase — usually via Visa Inc. and…
Goodbye, student loans: Some 30,000 borrowers have payments canceled
Tens of thousands of student loan borrowers embroiled in a lawsuit against the Department of Education got some great news last week. Some 30,000 borrowers received emails notifying them that their loans had been canceled ahead of a key June 15…
China signs up 26 financial institutions to digital yuan cross-border payment platform
China's digital yuan operation centre signed direct participant agreements with 26 financial institutions in Shanghai on Tuesday, aiming to expand low-cost, efficient cross-border payments and advance global adoption of the Chinese currency. SCROLL…
Blytz and Rent Manager Partner to Simplify Rent Payments for Property Managers and Residents
'At Blytz, we believe getting paid should be as simple as sending a text message,' said Robyn Burkinshaw, Founder and CEO of Blytz. 'For too long, rent payments have been constrained by outdated processes that create friction for both residents and…
China signs up 26 financial institutions to digital yuan cross-border payment platform
SHANGHAI, June 16 (Reuters) - China's digital yuan operation centre signed direct participant agreements with 26 financial institutions in Shanghai on Tuesday, aiming to expand low-cost, efficient cross-border payments and advance…
HMRC stopping £117.22 monthly payments from September
Parents of 16-19 year-olds are being reminded to extend their Child Benefit claim by August 31 HM Revenue and Customs (HMRC) will stop £117.22 monthly payments to UK households claiming Child Benefit from September if they miss a looming…
This AI builds a business, runs it and settles payments in USDC
That's what the Silicon Valley startup incubator Y Combinator's AI agent, Locus Founder, launched Monday. All a user has to do is send a business idea via iMessage, SMS, or Telegram, and the AI takes care of the rest, including researching the…
Social welfare payments 'should increase by €100 a month
A call has been made for social welfare recipients to be given 27.5% of the average annual wage. Social Justice Ireland has argued that this benchmark would help protect social welfare recipients against inflation fluctuations. The think tank…
India's Balance Of Payments Faces Risk From Dollar Liquidity Tightness
India's balance of payments remains broadly resilient but is increasingly constrained by global dollar liquidity tightness, leading to currency volatility, including in the rupee. This environment also poses a risk of downward revisions to FY27…
Coinbase joins tokenized stock race with onchain shares and dividend payments
Coinbase plans to introduce tokenized stocks backed one-for-one by underlying U.S. equities, allowing users to own, trade, hold and redeem equities on a blockchain while receiving dividends automatically. CEO Brian Armstrong said the new products…
XRP News: Ripple invests in Flutterwave, bringing RLUSD and XRP Ledger to payments in Africa
Ripple, the blockchain firm closely associated with the XRP Ledger (XRP) network, invested in African payments company Flutterwave as part of its Series E funding round, a deal centered on expanding the use of stablecoins for cross-border payments.
TPG Capital makes secret payment after threat to expose drugs culture
Former senior TPG Capital executive Rob Speedie was given a multimillion-dollar payout as part of a secret settlement after threatening to expose what he described as the firm's culture of drinking and drug-taking. Speedie was stood down from the…
State Pension payment delay for older people set to retire this year
The State Pension age started a phased rise from 66 to 67 in April, with the increase due to be completed for all men and women across the UK by 2028. The planned change to the official age of retirement has been in legislation since 2014 with a…
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