"The Ministry of External Affairs confirmed a licensing agreement between India and Namibia for the deployment of UPI (Unified Payments Interface). During the press conference on Prime Minister Narendra Modi's visit, Dammu Ravi, Secretary (East) noted that Namibia has...
Fedwire Adopts ISO 20022 Standard for Faster Payment Transfers
"The Federal Reserve has completed the transition of its Fedwire Funds Service to the ISO 20022 messaging standard, a move that aligns the U.S. with other regions that have already adopted this standard. This shift is expected to enhance the efficiency and...
178 and Rising: Zelle® Accelerates Community Bank and Credit Union Adoption
"Zelle announced that at least 178 new financial institutions from communities in all parts of the country have gone live with or signed up to bring the popular money transfer service to their customers during Q4 2024 and Q1 2025. With the addition of these new banks...
Clover Enhances All-in-One Platform With Homebase, Empowering Small Businesses With Integrated Workforce Management
"Clover, under parent company Fiserv, announced system enhancements with integrated workforce management capabilities from Homebase, the all-in-one platform for small business team management. This collaboration reinforces Clover's commitment to empowering small and...
The FTC Gives the Merchant of Record Model a Paddling
"The Federal Trade Commission (FTC) recently settled an enforcement action with Paddle.com, a U.K.-based payments company, and its U.S. subsidiary (“Paddle”). The settlement resolves claims against Paddle for violation of the Federal Trade Commission Act,...
Lloyds Banking Group in Talks to Buy Digital Wallet Provider Curve
"Britain's biggest high street bank is in talks to buy Curve, the digital wallet provider, amid growing regulatory pressure on Apple to open its payment services to rivals."
JPMorgan Plans to Charge Fintechs for Customer Data, Bloomberg News Reports
"JPMorgan Chase is planning to impose fees on fintech companies for access to its customer bank account data, Bloomberg News reported, citing people familiar with the matter. The largest U.S. lender has sent pricing sheets to data aggregators - intermediaries that...
Papaya Global and Worksome Partner to Transform the $2 Trillion Contingent Workforce Market for Enterprise Clients
"As the global labor market rapidly shifts toward freelance and contract work, Papaya Global and Worksome announced a strategic partnership to redefine how companies, large and small, manage and pay their growing contingent workforce. This partnership solves the...
Cobre Becomes the First Platform to Enable Real-Time Interbank B2B Payments in Colombia [Bre-B]
"Cobre processes over 1.5 billion instant enterprise transactions each month in Colombia. With the upcoming release of Bre-B, the country’s new interoperable payment infrastructure, Cobre expects to double that volume. Cobre plans to grant early access to its...
Checkout Accelerates North America Growth with Canadian Launch
"Checkout.com has launched its operations in Canada, expanding its footprint across North America. This strategic move reinforces Checkout.com’s commitment to the market, which was the company’s fastest-growing region globally in 2024."