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May 14, 2025

Top Post

On the web

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

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

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."

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."

May 12, 2025

On the web

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."

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."

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."

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."

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."

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