Payments Industry News

A collection of Payments latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.

reuters.com - India cenbank asks payment firms to monitor merchant activities
India cenbank asks payment firms to monitor merchant activities
Reuters

A Reserve Bank of India (RBI) logo is seen inside its headquarters in Mumbai, India, April 6, 2023. REUTERS/Francis Mascarenhas/File Photo Purchase Licensing Rights, opens new tab MUMBAI/BENGALURU, April 16 (Reuters) - India's central bank on…

reuters.com - Chinese automaker FAW's auto finance unit launches loan with no down payment
Chinese automaker FAW's auto finance unit launches loan with no down payment
Reuters

File photo: People gather around the Sitech DEV1 from FAW Group during a media preview of the Auto China 2018 motor show in Beijing, China April 25, 2018. REUTERS/Damir Sagolj/File photo Purchase Licensing Rights, opens new tab BEIJING, April 17…

techcrunch.com - Manish Singh - India scrambles to curb PhonePe and Google's dominance in mobile payments
India scrambles to curb PhonePe and Google's dominance in mobile payments
TechCrunch

Image Credits: Nasir Kachroo / NurPhoto / Getty Images The National Payments Corporation of India (NPCI), the governing body overseeing the country's widely used Unified Payments Interface (UPI) mobile payment system, is set to engage with various…

mirror.co.uk - Ruby Flanagan - PIP backdated payments explained as thousands could be owed £12,000 from DWP
PIP backdated payments explained as thousands could be owed £12,000 from DWP
The Mirror

Thousands of Personal Independence Payment (PIP) benefit claimants could be owed back payments worth up to £12,000 from the Department for Work and Pensions (DWP). The benefits department launched an administrative exercise back in 2021 after…

techcrunch.com - Ingrid Lunden - Flatpay rings up $47M to target smaller merchants with simple payment solutions
Flatpay rings up $47M to target smaller merchants with simple payment solutions
TechCrunch

Image Credits: Flatpay under a license. As the world waits for $65 billion payments tech giant Stripe to go public, a wave of smaller startups continues to roll into the market to pick up more payments business. In one of the latest developments…

washingtonexaminer.com - Jon Miltimore - Interest payments on the national debt are exploding
Interest payments on the national debt are exploding
Washington Examiner

In 1797, a year after revolutionary France abolished paper money following a disastrous inflationary experiment, U.S. President John Adams delivered a warning on government debt. “The consequences arising from the continual accumulation of…

scmp.com - Bloomberg - Country Garden seeks extension to three onshore bond payments amid cash crunch
Country Garden seeks extension to three onshore bond payments amid cash crunch
South China Morning Post

China property Get more with myNEWS A personalised news feed of stories that matter to you Chinese developer earlier missed a March 12 deadline to pay a 96 million yuan (US$13 million) bond coupon It is seeking to extend the maturity of bonds…

ndtv.com - RBI Issues Draft Guidelines On Payment Aggregators
RBI Issues Draft Guidelines On Payment Aggregators
NDTV

The draft also covers the physical point-of-sale activities of payment aggregators (PAs). New Delhi: The Reserve Bank on Tuesday came out with draft guidelines to further strengthen regulations on payment aggregators, a move aimed at boosting the…

finextra.com - Editorial Team - Future of Payment Review: six-months on - Digital Payment Infrastructure
Future of Payment Review: six-months on - Digital Payment Infrastructure
Finextra Research

Joe Garner's Future of Payment review published in 2023 on behalf of the UK Government reflected the complexity of the current instant payment UK environment. The situation has allowed the UK's early leadership in global instant payments to…

financemagnates.com - Paul Erdal - Payment Processing Fees: A Looming Threat to Business Profitability
Payment Processing Fees: A Looming Threat to Business Profitability
Finance Magnates

Post-COVID, businesses, and consumers have increasingly relied on electronic transactions, a convenience that comes at a cost related to payment fees. Though these fees appear nominal on the surface, they can cumulatively erode profit margins…

financemagnates.com - Pedro Ferreira - How Specialization is Streamlining Cross-Border Payments
How Specialization is Streamlining Cross-Border Payments
Finance Magnates

In a world where instant gratification extends to financial transactions, cross-border payments have become a tangled web of currencies, regulations, and inefficiencies. For businesses hoping to tap into the global marketplace, the process can be a…

abc.net.au - Western Australia's King River Tavern dumps electronic payments to ensure cash remains king
Western Australia's King River Tavern dumps electronic payments to ensure cash remains king
ABC

While many businesses across Australia are becoming cashless, this small West Australian pub only accepts cash. The King River Tavern sits on the edge of its eponymous river, about 20 minutes north-east of Albany on the state's south coast. For two…

globenewswire.com - Nxera Pharma - Nxera Pharma: Notice of Issuance of New Shares Under the Restricted Stock Unit (RSU) Plan and Determination of Payment Amount and Other Matters of Issuance of New Shares Under Previous Years' RSU Plan
Nxera Pharma: Notice of Issuance of New Shares Under the Restricted Stock Unit (RSU) Plan and Determination of Payment Amount and Other Matters of Issuance of New Shares Under Previous Years' RSU Plan
GlobeNewswire

Tokyo, Japan and Cambridge, UK, 17 April 2024 – Nxera Pharma Co. Ltd (“Nxera” or “the Company; TSE 4565) – formerly known as Sosei Group or Sosei Heptares – announces that it has decided to issue new shares…

artnet.com - Eileen Kinsella - U.S. Senators Probe Collector Leon Black's Payments to Epstein
U.S. Senators Probe Collector Leon Black's Payments to Epstein
artnet News

The U.S. Senate Finance Committee is continuing to investigate $158 million in payments that billionaire collector and former Museum of Modern Art chairman Leon Black made to disgraced sex offender Jeffrey Epstein for tax-related work between 2012…

medpagetoday.com - Joyce Frieden - Improper Payments in Medicare and Medicaid: Who's at Fault?
Improper Payments in Medicare and Medicaid: Who's at Fault?
Medpage Today

Republicans and Democrats took two very different approaches Tuesday to the issue of improper payments made by the Medicare and Medicaid programs. 'For fiscal year 2023, GAO [the Government Accountability Office] reports that Medicare reported…

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