Payments Industry News
A collection of Payments latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Asia's Cross-Border Payments Will Near $24 Trillion By 2032. The Rails Are Not Ready
Asia-Pacific cross-border payment flows are projected to near $24 trillion by 2032, while the correspondent-banking rails that settle them keep shrinking. The money crossing borders in Asia is set to nearly double. The infrastructure carrying it is…
£576.4m lost to authorised push payment scams in 2025 as AI manipulates victims
News from The City, market updates plus comment and analysis from our business desk I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. Fraud losses from people being tricked into transferring…
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With Shah Rukh Khan, Visa shifts focus from payments to experiences in India
For India's affluent consumers, luxury is increasingly defined not by what they own but by what they experience. From curated travel and fine dining to exclusive events and lifestyle privileges, discretionary spending is shifting away from…
Forthcoming Policy Changes to Medicaid State Directed Payments
Authors: Alice Burns, Elizabeth Hinton, Scott Hulver, Jessica Mathers, and Robin Rudowitz The 2025 reconciliation law reduced federal Medicaid spending by an estimated $911 billion from 2025 through 2034, some of which stems from new restrictions…
Payment technology firm Nuvei buying U.S. company Payoneer for US$2.75B
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Online payments are dimming the charm of one of America's top tourist attractions
We all know those heavy, coin-operated binoculars perched on every scenic overlook in America, the ones you'll find everywhere from the Empire State Building to the Grand Canyon. Turns out, they'll soon start accepting tap-to-pay payments. This is…
Xbox Project Helix Could Be Sold Through Klarna and PayPal Payment Plans Due to Rising Costs
A new leak has revealed that Xbox might start using a buy now pay later payment plan system. If true, this has sparked speculation that Xbox Project Helix could use services such as Klarna and PayPal to offset rising prices in the games industry.
Spending on Medicaid State Directed Payments Before New Limits Take Effect
Authors: Alice Burns, Scott Hulver, Jessica Mathers, Robin Rudowitz, and Patrick Drake The 2025 reconciliation law reduced federal Medicaid spending by an estimated $911 billion from 2025 through 2034, some of which stems from new restrictions on…
Homeowners can receive payment from $50m energy 'overcharging' settlement
HOMEOWNERS can receive compensation from an energy settlement over complaints of overcharging. According to a settlement filed by The New York State Public Service Commission, hundreds of thousands stand to benefit. Your info will be used in…
Older state pensioners with two-digit code sent £739.60 Monday payments
The basic State Pension is now worth up to £184.90 per week Older state pensioners across the UK with a specific two-digit code are set to be given Monday payments of up to £739.60 from the Department for Work and Pensions (DWP)…
PIP payments of up to £778 a month for people with musculoskeletal conditions
The latest figures from the Department for Work and Pensions (DWP) confirmed more than 3.9million people across England and Wales are now receiving Personal Independence Payment (PIP). The disability benefit is worth up to £778 every…
eToro Weighs Payments-Focused Expansion Into Banking Sector
The trading and investment platform is considering multiple acquisitions, and also planning an expansion into traditional payment services that could involve a banking license application, CEO Yoni Assia said in an interview with the Financial…
Canada's Nuvei to buy Payoneer for $2.75 billion in cross-border payments push
June 15: Nuvei will buy cross-border payments firm Payoneer for about $2.75 billion in cash, the companies said on Monday, as the Canadian fintech aims to expand globally. Nuvei will buy all shares of Payoneer for $7.40 apiece, a premium of about…
Why Bad Bank Account Data Still Breaks B2B Payments
Incorrect account numbers, outdated supplier records, mismatched account ownership information, closed accounts and onboarding errors have plagued payment operations for decades. The challenge facing finance departments is neither new nor…
PIP claimants may be due back payments of around £5,600 after DWP rule change
The Department for Work and Pensions (DWP) is unable to trace around 2,400 people on Personal Independence Payment (PIP) who may be due back payments following a major review of historical benefit decisions. The figures were published as the…
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