Payments Industry News
A collection of Payments latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
China adviser sees bright future for yuan payment system in emerging economies
China should leverage bilateral and multilateral deals to accelerate the adoption of its cross-border payment system, a prominent political adviser has urged, as concerns deepen over the potential for intensified “financial…
How to come up with a down payment in the Boston area: 'Things have never cost more'
The median home price in Greater Boston surpassed $1 million last July. It's a sticker price that has many first-time buyers reeling — and wondering how they'll ever be able to put aside enough money for a down payment. “Everyone's…
Trump halts $250M in Medicaid payments to Minnesota over alleged fraud
Feb. 25 (UPI) -- The Trump administration announced Wednesday it is pausing more than a quarter-billion dollars in Medicaid payments to Minnesota over alleged fraud, a move state officials called the latest act of political retribution against a…
Vance launches into Trump's 'war on fraud' by suspending Medicaid payments to Minnesota
WASHINGTON — Vice President JD Vance received a new assignment Tuesday night: fighting a “war on fraud” that President Donald Trump declared in his State of the Union address. It's the latest addition to a portfolio that has…
CIMB partners Ant International to explore cross-border payments, liquidity management solutions
KUALA LUMPUR: CIMB Group Holdings Bhd and Ant International have agreed to jointly explore innovations in cross-border payments and treasury and liquidity management solutions for businesses in Malaysia. The comprehensive partnership will see CIMB…
South Korea watchdog fines Coupang $1.6 million for pressuring suppliers, delaying payments
SEOUL, Feb 26 (Reuters) - South Korea's antitrust regulator said on Thursday it has fined Coupang 2.2 billion won ($1.55 million) for pressuring suppliers to cut prices and shoulder additional costs to meet profit margins…
Abetz to consider slashing high-earner public servant retirement payments
The Tasmanian government is considering reducing the superannuation given to high-earning current and retired public servants, the ABC understands. Under the proposal, being considered by the state's Treasury Department, public servants who receive…
Lagging property tax collections, loan payment strain New Orleans finances
New Orleans Mayor Helena Moreno's administration is warning that city finances remain in dire shape as sales and property tax revenue trickles in more slowly than expected and payments on a $125 million emergency loan come due. Addressing the City…
Gate Secures Malta PSD2 License for EU Payment Services
Crypto exchange Gate has secured a Payment Institution license in Malta, a license under the European Union's PSD2 framework, giving the crypto exchange a regulated foothold to offer payment services across the bloc alongside its existing crypto…
Apple in Talks With Banks to Start Payment Service in India
Apple Inc. is in discussions with key Indian banks and global card networks in preparation to start Apple Pay in the world's most populous country. The iPhone maker is in talks with ICICI Bank Ltd., HDFC Bank Ltd. and Axis Bank Ltd., as it aims to…
Tennis players hit out at Alcaraz and Sinner payments and decide who should be paid more
Jannik Sinner and Carlos Alcaraz received the same appearance fee for the ATP 500 event in Doha Several former tennis stars have argued that Carlos Alcaraz should be paid a higher base fee to attend ATP tournaments than Jannik Sinner. Alcaraz and…
BillDesk To Acquire Worldline India's Payments Business
Mumbai: Digital payments company BillDesk has entered into a definitive agreement to acquire the India payment businesses of French payments firm Worldline. While BillDesk did not disclose the transaction value, reports pegged the deal size between…
Stablecoins for B2B Payments: Faster Cross-Border Settlement
Cross-border B2B payments in 2026 still pose problems that everyone agrees on. Yet the day-to-day barely changes. Cut-off times, intermediaries, manual reconciliation, surprise fees. It's still all too common for a simple international transfer to…
Kenya Moore's Hair Spa Is Facing Eviction As Judge Orders $88K Payment
Getting your Trinity Audio player ready… Kenya Moore's hair salon has some serious financial woes. A judge ordered the Real Housewives of Atlanta alum to pay nearly $88,000 in unpaid bills, including rent and utilities, related to the salon…
Who Needs Whom? Card Networks, Stablecoins and the Future of Payments
It sounds almost impertinent. Stablecoins were supposed to be the insurgents. Peer-to-peer. Borderless. Frictionless. The whole point was to route around the Mastercards of the world. To build a payments layer that didn't require a network with…
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