"Today, Visa and the GSMA Mobile for Development Foundation announced the launch of the Digital Finance for All Initiative. This five-year initiative aims to advance digital financial inclusion for 20 million individuals, including women, small holder farmers, and...
"In 2022 alone, major credit card companies charged over $105 billion in interest, the primary cost of credit cards to consumers. While the effects of increases to the target federal funds rate have received considerable attention, the average APR margin (the...
"Massachusetts-based OV Loop Inc filed the lawsuit in Boston federal court on Tuesday, seeking more than $75 million in damages under U.S. antitrust law from Mastercard for allegedly denying it access to an essential digital payments technology."
"Google has announced that Google Pay is shutting down in the United States in June, as the standalone app has largely been replaced by Google Wallet. The company says the move is designed to simplify its payment apps."
"The digital yuan, China’s central bank digital currency (CBDC), is being used as a security element in car prepurchase payment settlements."
"Reserve Bank of India on Friday said NPCI has been asked to examine the possibility of it becoming a third party application provider for continued UPI operations of the Paytm app."
"Credit card fraud is spiking in Japan, with a 30 percent year-over-year increase, leading to greater interest from banks in biometric cards as well as metal cards, according to the announcement."
"TD Bank is among the first large U.S. banks to debut Tap to Pay on iPhone, a secure mobile-based payment acceptance option that offers greater flexibility and convenience to small and micro businesses. Business owners can accept all types of in-person, contactless...
"Since 2019, buy now, pay later (BNPL) lending products have experienced rapid growth in transaction volume and garnered significant attention from consumers, researchers, and regulators."
"New research from the Paze Pulse Report, by Early Warning Services, LLC, revealed that over the past year, 71% of online shoppers have abandoned their online shopping carts."