Payments Industry News
A collection of Payments latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
What are the monthly payments on a $90,000 home equity loan now?
A report released earlier this month showing home equity borrowing rising across the country wasn't surprising. With trillions of dollars to leverage now and interest rates on home equity loans, in particular, markedly lower than many borrowing…
UPI: The small fee raising big questions for India's payments revolution
India's decision to introduce a fee on some transactions made through its widely popular digital payments system has sparked a debate over its impact on businesses. The National Payments Corporation of India said on Tuesday that a 0.4% fee will…
India Puts a Price on Its UPI Payments Boom
Welcome to India Edition, Bloomberg's daily dive into what's moving the worlds of business, markets and politics in this dynamic, fast-paced economy. I'm Menaka Doshi. If you didn't receive this directly in your inbox, you can subscribe here, and…
UPI fee: Why govt is putting a price on big merchant payments
The National Payments Corporation of India stated that the Merchant Discount Rate 'is distributed only amongst the UPI ecosystem, to further invest into infrastructure resilience, innovation, cybersecurity (protecting the UPI infrastructure with…
Inside India newsletter: The world's largest real-time payments system will no longer be free for all
The Indian government is planning to impose a fee on merchants receiving payments above $20 via its payment system, unified payment interface or UPI. The UPI payment system on average processes over 1.1 million transactions every two minutes, as…
Benefit and state pension payment dates in October confirmed
Benefit and State Pension payments are expected to arrive as normal throughout Octo Millions of people receiving benefits and the State Pension should receive their money on their usual payment dates in October. There are no UK-wide bank holidays…
October 2026 DWP benefits and pension payment dates plus cost of living support
Autumn is well underway, with falling temperatures bringing the cost of living to the forefront of many people's minds across the UK. A rise in inflation to 3.1 per cent in August marked a five-month high, with fears of a costly winter on the…
Impact Of New UPI MDR On Digital Payments And Small Businesses In India
India's new 0.4 per cent Merchant Discount Rate (MDR) on UPI transactions above Rs 2,000 is sparking concerns among retailers, who fear it could reverse the significant gains in digital payment adoption and push small businesses back to cash…
Apple Pay down: Hundreds experiencing issues with iPhone payment outage
Apple Pay appears to be down, with hundreds of reports flooding in to claim the popular payment service via iPhone is not working. According to DownDetector, there are nearly 300 reports of issues with the Apple Pay product. Tech news, reviews and…
What is BRICS Pay, and can it rival the West's SWIFT payments system?
The central theme of the BRICS bloc of nations is to push back against the global economic dominance of Western countries. That core value was very much at the centre of this year's 18th BRICS Summit, which took place last week in India. At the…
Viva Leisure warms up for payment platform sale, EY on board
Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.
Cal Reportedly Ranks in the Middle of ACC Teams in Player Payment Allotment
When it comes to the amount of money allotted to football players, Cal's budget ranks about in the middle of Power 4 conference schools. At least that is according to a report by The Athletic, which did research to determine an estimation of what…
BRICS, and the future of cross-border payments
The idea that BRICS countries should be able to pay each other without routing every transaction through the US dollar is older than most people assume. The Ufa declaration of 2015 asked member governments to examine wider use of national…
Households urged to check eligibility for €420-per-year payment
Households across Ireland are being urged to check if they are eligible for a payment worth up to €420 per year to help with energy costs - and a fully-funded TV Licence. The Household Benefits Package provides financial support towards the…
How agentic AI could reshape the way we make digital payments
The Global Fintech Fest (GFF) held in Mumbai last week saw many of the country's top payments companies showcase AI integration into their products. The National Payments Corporation of India (NPCI) unveiled MyUPI — an AI-powered revamp…
Receive a Daily briefing on Payments Industry News
Get Started