"At Swift, the priority is to make cross-border payments as fast and seamless as domestic ones. With the latest major initiative, they are launching a new scheme to guarantee a consistently fast, predictable, and transparent experience for retail customers worldwide....
US Buy Now, Pay Later Giant Affirm Launches in the UK
"A US buy now, pay later giant run by a co-founder of PayPal has launched in the UK, as its boss sets his sights on the market led by brands like Klarna and ClearPay. Affirm, which was founded in 2012 by Max Levchin, will start offering its credit options to UK...
U.S. Consumers’ Use of Cryptocurrency for Payments
"Some policymakers and payments industry participants expect consumers to use stablecoins—a type of cryptocurrency intended to maintain a stable value relative to some other asset—for payments. However, the share of U.S. consumers who use cryptocurrency for payments...
Enhancing Merchant Category Code (MCC) Classification for Mobility Payments: Analysis of Existing MCC Ranges for New Mobility MCCs
"As mobility services expand beyond traditional public transit, accurate Merchant Category Codes (MCCs) are critical for transaction clarity, reporting, rewards, and subsidy programs. This U.S. Payments Forum white paper analyzes gaps and opportunities in MCC...
Stablecoins 2030: Web3 to Wall Street [Report]
"Back in April Citi Institute GPS: Digital Dollars, we argued that 2025 would be blockchain’s ChatGPT moment, with stablecoins igniting the shift. Now that transformation is unfolding at remarkable pace. This summer has brought a raft of announcements, especially by...
European Banks to Launch Euro Stablecoin in Bid to Counter US Dominance
"A consortium of nine European banks, including ING and UniCredit, said they are forming a new company to launch a euro-denominated stablecoin, a move they hope will help counter U.S. digital market dominance."
Are ATMs Still a Profitable Business?
"If you've ever wondered whether ATM machines are profitable, the short answer is yes, often far more than most business owners expect. ATMs are reliable profit engines that can increase foot traffic, enhance the customer experience and deliver steady, predictable...
PayPal Commits $100 Million to Accelerate Digital Growth Across the Middle East and Africa
"PayPal Holdings, Inc. announced a commitment to invest $100 million throughout the Middle East and Africa. This strategic investment will be deployed through a mix of minority investments, acquisitions, PayPal Ventures funding, people, and technology deployments that...
Digital Euro May Be Rolled Out in Mid-2029, ECB’s Cipollone Says
"The digital euro could become a reality in 2029 as efforts intensify to get the long-running project off the ground, according to European Central Bank executive board member Piero Cipollone. The ECB has been pushing for a digital euro for years in a bid to reduce...
RBI Allows Risk-Based Checks in New Digital Payment Guidelines [India]
"As digital payments become an integral part of everyday life in India, the Reserve Bank of India (RBI) has taken a significant step to enhance the security of these transactions. Currently, most digital payments in India rely on SMS-based One Time Passwords (OTP) as...