Payments Industry News

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

ft.com - William Langley and Thomas Hale in Hong Kong - Modern Land becomes latest Chinese developer to miss a bond payment
Modern Land becomes latest Chinese developer to miss a bond payment
Financial Times

Modern Land has become the latest Chinese developer to miss a payment on a dollar bond in a sign of continuing turmoil in the country's property sector despite Evergrande, its most indebted group, narrowly avoiding a potential default last week.

bloomberg.com - Alice Huang - Chinese Developer Modern Land Misses Payment on Dollar Bond
Chinese Developer Modern Land Misses Payment on Dollar Bond
Bloomberg

Company missed payment on $250 million bond due Monday Latest miss from indebted sector amid Evergrande concerns Modern Land China Co. has become the latest Chinese builder to miss payment on a dollar bond, in a further sign of stress in the…

businessinsider.com - Shalini Nagarajan - Modern Land fails to make a $250 million dollar bond payment
Modern Land fails to make a $250 million dollar bond payment
Business Insider

Modern Land failed to make a $250 million dollar bond payment that matured on Monday. The Chinese developer, which works on green projects, cited unexpected liquidity issues arising from a number of factors. Last week, embattled rival Evergrande…

bloomberg.com - David Watkins - Developer's Payment Miss Signals More Stress: Evergrande Update
Developer's Payment Miss Signals More Stress: Evergrande Update
Bloomberg

Modern Land missed payment on $250 million bond due Monday Latest miss from indebted sector amid Evergrande concerns Further signs of stress emerged in China's indebted real estate sector after Modern Land China Co. missed payment on a dollar bond…

cointelegraph.com - Keira Wright - Telsa hints it may soon resume support for crypto payments
Telsa hints it may soon resume support for crypto payments
Cointelegraph

Tesla, the majo electric vehicle manufacturer headed by Dogecoin proselytizer Elon Musk, has hinted that it may soon look to restore support for crypto payments. In a September quarterly filing with the U.S. Securities and Exchanges Commission…

americanbanker.com - David Cox - U.K. narrows scope of payments overhaul
U.K. narrows scope of payments overhaul
American Banker

When the blueprint for the U.K.'s New Payments Architecture was unveiled to great fanfare in 2015, it promised to transform the country's payments systems by providing increased access for consumers, as well as fostering competition and innovation.

asiatimes.com - KS Kumar - India's Airtel opts for payments moratorium
India's Airtel opts for payments moratorium
Asia Times

Bharti Airtel, India's second-biggest telecom operator, has decided to use the payments moratorium offered by the government. Vodafone Idea took up the offer last week. As part of a relief package for the telecom sector announced in September, the…

finextra.com - Editorial Team - Marqeta, Uber Freight and Branch team on faster payments or carriers
Marqeta, Uber Freight and Branch team on faster payments or carriers
Finextra Research

Marqeta (NASDAQ: MQ), the global modern card issuing platform, today announced it is partnering with Branch, a leading workforce payments platform, and Uber Freight to bring fast, reliable payments and carrier-first financial services to the…

economictimes.com - Facebook backlash begins; recurring payments chaos explained
Facebook backlash begins; recurring payments chaos explained
Economic Times

Several news organisations reported over the weekend that a test account set up in 2019 by a Facebook researcher in India was quickly populated with fake news, gore, and worse, thanks to the platform's algorithms. Now, privacy advocates and civil…

afr.com - James Eyers - Zepto to help retailers take payment straight from a bank account
Zepto to help retailers take payment straight from a bank account
Australian Financial Review

Headaches include waiting for funds to clear a bank, or dealing with chargebacks when transactions are contested. The real-time payments system known as the NPP removes both. “The payment infrastructure today is failing to deliver on the…

reuters.com - Una Galani - India Insight: Climate fight goes way beyond coal
India Insight: Climate fight goes way beyond coal
Reuters

MUMBAI, Oct 26 (Reuters Breakingviews) - India is part of the global climate solution, not just part of a dirty problem to be fixed. That's the grand message Prime Minister Narendra Modi might prefer to emphasise when he attends read more the…

techcrunch.com - Ingrid Lunden - Billie, a buy now, pay later specialist for the B2B market, raises $100M on a $640M valuation
Billie, a buy now, pay later specialist for the B2B market, raises $100M on a $640M valuation
TechCrunch

Image Credits: Bryce Durbin / TechCrunch Buy now, pay later services like Affirm, Klarna, Afterpay and many others have seen their businesses grow in huge leaps, as consumers buying goods increasingly turned to alternatives to credit to delay…

reuters.com - Devik Jain - Futures edge higher as Big Tech earnings take centre stage
Futures edge higher as Big Tech earnings take centre stage
Reuters

Futures up: Dow 0.04%, S&P 0.14%, Nasdaq 0.27% Oct 25 (Reuters) - U.S. stock index futures edged higher on Monday as investors geared up for earnings reports from heavyweight technology companies this week, while PayPal jumped after it said it was…

techcrunch.com - Mary Ann Azevedo - Selfbook raises $25M at a $125M valuation to simplify the hotel booking experience
Selfbook raises $25M at a $125M valuation to simplify the hotel booking experience
TechCrunch

Image Credits: Founder and CEO Khalid Meniri / Selfbook Selfbook, a hotel payment software startup, announced today that it has raised $25 million in a Series A round of funding led by Tiger Global Management. Valia Ventures, Fin Venture Capital…

wavy.com - Brett Hall - Portsmouth proposes using COVID-19 relief funds to give residents direct payments
Portsmouth proposes using COVID-19 relief funds to give residents direct payments
WAVY.com

PORTSMOUTH, Va. (WAVY) — Qualifying residents of the City of Portsmouth could soon find themselves receiving cash payments courtesy of the American Rescue Plan. City leadership has proposed using $5 million of their more than $56.8 million…

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