Payments Industry News
A collection of Payments latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
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…
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…
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…
Social Security Payments Could Get Major Boost Due to Iran War
Social Security benefits could experience a larger-than-expected increase in the coming years due to inflation fueled by the war with Iran. The conflict in the Middle East has pushed up the overall cost of living, but the Social Security boost…
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…
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…
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…
Ex-Everton striker arrested over missed child support payments
Former Everton loanee Jo remains in custody after being arrested at a Brazilian nightclub over unpaid child support. The striker, whose full name is Joao Alves de Assis Silva, was detained for a fifth time in two years over the same issue after…
N.J. lactation consultants face payment cuts under new UnitedHealthcare insurance change
From Philly and the Pa. suburbs to South Jersey and Delaware, what would you like WHYY News to cover? Let us know! Lactation consultants who visit families at home to provide breastfeeding support services and care are currently able to bill…
The 9 DWP payment rates being 'reviewed' for millions of households - full list
The Department for Work and Pensions is currently reviewing NINE pay rates that affect millions of households across the UK. The parental leave and pay review is 'a much-needed opportunity to explore and consider how the parental leave and pay…
DWP confirms some PIP claimants may be missing out on extra payments
Department for Work and Pensions (DWP) figures show incorrect Personal Independence Payment (PIP) payments increased sharply during the last financial year, with changes in claimants' health or care needs continuing to be the biggest cause of…
'Bro lifted his wrist': Bengaluru autorickshaw driver's QR payment method viral
2 min read New Delhi Make us preferred source on Google A Bengaluru autorickshaw driver's creative use of a smartwatch has caught the internet's attention, with many seeing it as a sign of how technology is increasingly becoming part of everyday…
Payment technology firm Nuvei buying U.S. company Payoneer for US$2.75B
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New claims for Adult Disability Payment can take up to 12 weeks to process
New figures from Social Security Scotland show that 504,710 people were receiving additional financial support through Adult Disability Payment (ADP) at the end of April. Of these claimants, 194,245 (38%) were new applicants and 310,465 (62%) had…
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