"The Walt Disney Company and Visa announced a strategic alliance that will bring a host of benefits and offers to millions of Disney fans across Europe, Middle East and Africa (EMEA). The multi-year relationship will make Visa the Official Payment Partner of...
Chase on Track to Retain Acquiring Crown With Annual Volume Well North of $2 Trillion
"New data from JPMorgan Chase & Co. signals the leading U.S. banking company is on track to retain its title as the nation’s largest merchant acquirer, with volume well in excess of $2.5 trillion flowing through its pipes."
Safaricom’s M-Pesa to Join Pesalink as Central Bank Plans New Payment System
"Safaricom’s M-Pesa is set to join the Pesalink network, which could significantly reshape Kenya’s digital payments landscape. In a proposal submitted jointly with the Kenya Bankers Association (KBA) to the Central Bank of Kenya (CBK), Safaricom wants to integrate...
Banking Circle Signs Deal to Buy Australian Settlements Limited
"Luxembourg-based payment bank Banking Circle has agreed to acquire Australian Settlements Limited (ASL) for an undisclosed sum. The move is aimed at supporting Banking Circle’s vision to set up a global hub for real-time clearing and settlement, expediting its...
ISO 20022 in Bytes for Payments: Maintaining the Momentum in 2025
Adopting the new global standard for payments is more important than ever. As the financial industry moves closer to the CBPR+ November 2025 deadline, see what’s new.
TENCENT Verifying Suspicion of WeChat Pay Users Being Charged for Face Scan Payment in Different Location
"TENCENT's WeChat Pay has been found to have a vulnerability, according to Hong Kong China News Agency, with a user recently being charged for a successful “face scan payment from a different location”."
Amazon to Acquire Indian BNPL Firm Axio
"Amazon has reached an agreement to acquire the Indian buy-now, pay-later company Axio as part of its expansion into financial services in India. Finalized in December 2024, the deal awaits approval from the Reserve Bank of India."
UK’s Payment Systems Regulator Commits to Work on VRPS in Strategy Review
"The UK’s Payment Systems Regulator (PSR) has committed to working closely with the Financial Conduct Authority (FCA) to take forward work on the overall framework for commercial Open Banking payments, focusing on the initial phase of Variable Recurring Payments...
Alipay Bears Cost of System Error That Applied Discounts to User Transactions
"Alipay, China’s leading mobile payments platform, will bear the expense from unexpected losses that it incurred on Thursday, when a system error gave a 20 per cent discount to an undisclosed number of user transactions."
Mastercard Move and the BCP Group Join Forces to Enhance Cross-Border Payments [Africa]
"In collaboration with Mastercard, the BCP Group will leverage Mastercard Move’s money movement capabilities to enhance cross-border payments for their corporate and individual clients. The collaboration aims to enable near instant, traceable, secure and...