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May 14, 2025
Top Post
2025 Diary of Consumer Payment Choice Reveals Cash Remains Relevant in an Increasingly Digital Economy
FRB Services
"Federal Reserve Financial Services issued the 2025 Diary of Consumer Payment Choice (Diary), an annual survey measuring the evolving role of cash in the U.S. economy. Findings from this nationally representative survey showed that amid the increasing digitalization of payments, consumers continue to use cash and keep it handy."
Monzo Customers Can Cancel Bank Transfers if They Quickly Spot an Error
MSN
"Monzo customers will have the ability to cancel a bank transfer if they realise within seconds that they have made a mistake. The new feature gives customers a 10- to 60-second window, allowing them to cancel a payment if they realise they have made an error, such as sending the wrong amount or selecting an incorrect recipient."
On the web
Introducing Square Handheld: A Pocketable Powerhouse to Serve Tables, Manage Inventory, and Close Sales Anywhere
Square
"Square launched Square Handheld, its most powerful, portable point-of-sale device ever. Combining a sleek, durable design with comprehensive, versatile software, Square Handheld enables sellers to manage everything from payments to back-of-house operations right from their pocket."
Stablecoins Will Expand Beyond Crypto Trading, Become Part of Mainstream Economy, Citi Predicts
CoinDesk
"The stablecoin market could soon eclipse the entire crypto trading ecosystem that gave birth to it as regulatory tailwinds allow for the integration of the fixed-value tokens into the mainstream economy, according to predictions from global bank Citi. Above and beyond their role as tokenized cash for the crypto trading community, stablecoins — digital tokens whose value is pegged primarily to the U.S. dollar — are already expanding into payments and remittances."
On the wires
Zoho Enters U.S. Payments Market with the Launch of Zoho Payments, a Unified Solution for Secure, Seamless, and Scalable Payment Processing
Business Wire
"Zoho Payments helps businesses accept card payments in over 135 currencies and ACH payments for transactions within the U.S. The payment solution works out-of-the-box with Zoho's apps from finance and operations, sales and marketing, low-code, and collaboration platforms."
May 13, 2025
Top Post
‘It Is Not Illegal to Charge Fees,’ Apple Tells Brazilian Regulator on NFC Probe
9 to 5 Mac
"Apple Pay and the iPhone’s NFC sensor have long been the subject of disputes around the globe. Last year, the European Commission compelled Apple to grant developers access to the NFC reader, and more recently, the company expanded this access in other regions due to increasing regulatory pressure. Now, a national payment system in Brazil has a regulatory body taking an even closer look at the iPhone’s NFC, and it appears the company isn’t willing to budge."
On the web
U.S. Faster Payments Council Publishes Practical Guide for Building Open Alias Directory Services
Faster Payments Council
"The U.S. Faster Payments Council published a new industry resource from its Directory Models Work Group: Decision Points for an Open Alias Directory. The report presents critical considerations for the development of an open, alias-based directory service that could simplify and accelerate faster payments in the United States."
Gen Z and Millennials Expect In-App Payments, NMI Survey Finds
NMI
"Gen Z and Millennials expect in-app payments or they’ll take their business elsewhere. The best transactions are invisible, say 60% of consumers, and it’s time for businesses and the software that empowers them to catch up."
Square Releases is Here: Built for Sellers to Discover What’s New and Shape What’s Next
Square
"Square debuted Square Releases — a new biannual product launch that delivers the most important new features and tools, all at once. Born out of feedback from the Square seller community, Square Releases gives businesses a simple, consistent way to discover what’s new, understand what’s next, and take action to grow."
Circle’s Dollar Coin Payment Network: South Korea Left Out
Business Korea
"Circle Internet Group, the issuer of the dollar-based stablecoin USDC, has established a systemenabling global remittance and settlement solely through stablecoins. However, it has been revealedthat not a single South Korean company has participated in the network. Critics argue that due tothe legal and institutional vacuum regarding stablecoins in Korea, domestic nancial institutionsand ntech companies are falling behind."
Visa and Ubisoft Partner to Blend Gaming and Digital Payments
IBS Intelligence
"Visa has announced a three-year strategic partnership with Ubisoft, the renowned video game developer and publisher headquartered in France. This partnership marks a significant step in the convergence of gaming and financial services in Europe and the UK."
On the wires
Telecom Italia Mulls Including Insurance, Payments, Energy Services in Bylaws, Sources Say
Reuters
"Italy's biggest phone group Telecom Italia is considering adding insurance, digital payments and energy to its business as described in its bylaws ahead of expanding the offering of those services, two sources told Reuters. Having sold its prized landline grid, TIM, the heir to Italy's phone monopoly, is looking to reshape its consumer arm to offer clients more services beyond mobile and fixed broadband connectivity, to boost its average monthly revenue per unit."
Adyen and JCB Launch Card-on-File Tokenization to Enhance Payment Security
JCN Newswire
"Adyen and JCB Co., Ltd., announced the rollout of JCB's card-on-file tokenization service aimed at enhancing the security of credit card transactions for e-commerce merchants. Adyen is the first to offer and implement JCB’s new technology both domestically and globally."
May 12, 2025
On the web
FamApp Overtakes Amazon Pay In April’s UPI Count, PhonePe Continues To Lead
Inc42 Media
"FamApp By Trio (erstwhile FamPay) surpassed Amazon Pay to become the eighth biggest Unified Payment Interface (UPI) player in April. The month of April saw a marginal decline of 2.2% in the UPI transactions. Maintaining the domination streak, PhonePe and Google Pay continued to hold the duopoly in the UPI market."
Nigeria Adopts Papss to Simplify Intra-African Cross-Border Payments
Trade Finance Global
"The Central Bank of Nigeria (CBN) has unveiled a progressive circular that dramatically simplifies documentation requirements for transactions via the Pan-African Payment and Settlement System (PAPSS). Under the new directive, effective immediately, individuals can now conduct transactions up to $2,000 per month with minimal documentation, while corporate entities enjoy a threshold of $5,000. Only basic know your customer (KYC) and anti-money laundering (AML) documents will be required."
New York Includes Buy Now, Pay Later Licensing in Final Budget
Bloomberg Law
"New York is moving forward with strict new licensing requirements and other rules for buy now, pay later companies. New York Gov. Kathy Hochul (D) and state lawmakers agreed to include the provisions in the state’s $254 billion budget deal. Under the legislation, slated for a final vote as soon as Wednesday, buy now, pay later companies would be required to get a license from New York’s Department of Financial Services to operate in the state."
Adyen Partners With Fiskil to Enhance Merchant Onboarding and Account Verification
Fiskil
"Adyen has chosen Fiskil as its data-sharing partner to improve the onboarding and account verification experience for merchants in the Australian market. This collaboration will streamline the way businesses connect their financial data, reducing friction and ensuring a seamless, secure process."
On the wires
FTC Hits Pause on ‘Click to Cancel’ Rule
Reuters
"The U.S. Federal Trade Commission is delaying implementation of a rule set to take effect next week that would require businesses to make it as easy to cancel subscriptions and memberships as it is to sign up, to give companies more time to comply, the agency said on Friday. The rule that has drawn cheers from consumer groups and a lawsuit from business associations was set to take effect on May 14. The FTC will now begin enforcing it on July 14, according to the announcement."
Recurly Announces Strategic Acquisitions of Redfast and Prive to Accelerate the Future of Subscription Growth
Business Wire
"Recurly announced that it has acquired the Shopify-first subscription platform Prive and subscriber engagement personalization tool Redfast. With these additions, Recurly becomes the first and only subscription management suite to fully integrate billing, payments, analytics, real-time subscriber engagement, and ecommerce subscription management."
May 9, 2025
On the web
Mastercard Launches Agent Pay to Enable Secure AI-Powered Transactions
CDO Magazine
"Mastercard has introduced Agent Pay, an initiative aimed at embedding secure, intelligent payments into AI-driven experiences, advancing what it terms “agentic commerce”. The Agentic Payments Program, which includes Mastercard Agentic Tokens, builds on the company’s existing tokenization technology to allow AI agents to make personalized, secure, and seamless purchases on behalf of users."
dLocal Expands PayPal Partnership to Unlock Payments in 40 New Markets
TechAfrica News
"dLocal announced an expanded relationship with PayPal to offer businesses access to payment processing and local payment methods in more than 40 new untapped emerging markets. By leveraging dLocal’s platform, global customers of PayPal Enterprise Payments, previously known as Braintree, can now easily accept cards and process local and alternative payment methods across Latin America, EMEA, and APAC markets without needing to establish local entities."
Brazil’s Central Bank Presents Regulatory Priorities for 2025 and 2026
Mattos Filho
"On April 24, 2025, the Central Bank of Brazil (BCB) announced its list of regulatory priorities for 2025 and 2026. The main topics include the evolution of Open Finance, virtual asset regulations, monitoring artificial intelligence usage, and the expansion of Pix's functionalities."
Apple Tries to Delay Ruling That Bars It From Taking a Cut on External App Payments
TechCrunch
"In an attempt to protect a valuable revenue stream, Apple is trying to delay a court ruling that forces the company to let iOS app developers in the U.S. redirect users to external payment systems and avoid paying a commission to the iPhone maker. The company filed an emergency motion late on Wednesday, asking an appeals court to grant a partial stay on a previous ruling."
Cash App Pay Hooks up With Domino’s as Its First Ever Us Wide Pizza Restaurant Partner
Retail Technology Innovation Hub
"Cash App has announced a partnership with Domino’s, marking one of the first restaurant tie ups for Cash App Pay. The latter lets people pay for purchases either by scanning a QR code or by tapping Cash App Pay at checkout to be redirected to Cash App. It is available when you shop online or in person at Square sellers and select third party merchants."
Ramp and Stripe Deepen Partnership to Accelerate Global Commerce Through Stablecoin-Backed Cards
PR Newswire
"Ramp, the fastest-growing corporate card and financial operations platform in the U.S., will expand its issuing partnership with Stripe, a programmable financial services company, to launch the industry's first stablecoin-backed corporate cards with fully integrated spend management software."
Perpay Taps Marqeta To Power Consumer Credit Card
Marqeta, Inc.
"Marqeta, Inc. announced it has been selected by Perpay to power the Perpay Credit Card (issued by Celtic Bank), an unsecured credit card designed to help people build or improve their credit by automating payments directly from a paycheck."
May 8, 2025
On the web
U.S. Regulators Give Banks the Green Light for Digital Asset Activities
Chainalysis
"U.S. banking regulators (FDIC, Federal Reserve, OCC) have withdrawn previous restrictive statements on crypto assets, giving banks more freedom to engage with digital assets without prior approval. Banks can now more easily offer crypto services and provide banking to crypto businesses if they maintain proper risk management practices."
Ethiopia: M-Pesa Launches Digital Fuel Payment Service at Bole Total Energies Station
2Merkato
"M-Pesa Safaricom has officially launched a digital fuel payment service at the Bole Total Energies gas station in Addis Ababa, enabling customers to pay for fuel directly through their mobile phones. The new service aims to offer a fast, secure, and convenient payment solution for drivers, streamlining the process of fueling vehicles using digital technology."
Verifone and Stripe Partner to Deliver Unified Commerce
GlobeNewswire News Room
"Verifone, the global payments leader for the world’s best-known merchants, financial institutions, and fintechs, announced that it is entering into a partnership with Stripe, a programmable financial services company. Through this partnership, Stripe services will natively run on Verifone payment devices, offering Stripe customers even more flexibility and choice in deploying durable and performant in-person payments."
Nuvei Offers Canadian Businesses Near Instant Pay-Outs via Mastercard Move
Mastercard
"Canadian fintech company Nuvei and Mastercard are collaborating to enable near instantaneous payout capabilities for businesses in Canada. Nuvei will leverage Mastercard Move’s money movement capabilities to facilitate payouts to a consumer’s Debit Mastercard or Reloadable Mastercard Prepaid card."
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