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June 12, 2024

On the web

XTransfer and Banking Circle Announce Strategic Partnership

Banking Circle

"XTransfer, the leading B2B cross-border payment platform from China, and Banking Circle have entered into a strategic partnership. This collaboration aims to reduce the cost and processing time of cross-border payments for XTransfer’s clients, particularly benefiting Chinese suppliers with significant markets in Europe and the Middle East."

June 11, 2024

On the web

June 10, 2024

On the web

June 7, 2024

On the web

Turkey Launches Probe Into Apple Payment Practices

Rekabet

"The Competition Authority is currently conducting the Mobile Ecosystems Sector Inquiry concerning smart mobile devices and their software, with an aim to understand the structure and operation of the relevant sector and to determine the structural and/or behavioral competition issues in the sector."

June 6, 2024

On the web

Project mBridge Reaches MVP Stage

Hong Kong Monetary Authority

"The Hong Kong Monetary Authority, together with the rest of the mBridge project team, announced that Project mBridge has reached the Minimum Viable Product stage. Project mBridge aims to study how central bank digital currencies (CBDCs) and innovative solutions can be applied to solve the key pain points in cross-border payments."

June 5, 2024

On the web

June 4, 2024

On the wires

June 3, 2024

On the web

May 31, 2024

On the web

Pix Goes Global: Foreigners Can Now Pay Seamlessly in Brazil

Rio Times

"Pix has become a staple in Brazil’s financial landscape. With 163 million users and a 58% increase in transaction value in 2023, its popularity is undeniable. Now, the instant payment system created by the Central Bank is extending its reach to international tourists, making it easier for them to make payments in Brazil."

May 29, 2024

On the web

May 28, 2024

On the web

May 24, 2024

On the web

May 22, 2024

Top Post

May 21, 2024

On the web

Market Review of Card Scheme and Processing Fees Interim Report [UK]

Payment Systems Regulator

"Cards are the most popular way for consumers to pay for goods and services in the UK, so it is crucial that the market works well. Every time people use a Mastercard or Visa debit or credit card for transactions with UK businesses, UK businesses pay scheme and processing fees, some of which are mandatory or core and some of which are optional."

May 20, 2024

On the web

Move Over, Armani: Italy’s It Wallet Is the Digital ID Accessory of the Season

Biometric Update

"Bravo to Italy for the forthcoming launch of its digital wallet scheme, clearing the path for a national digital identity program. Reports say the so-called It Wallet will roll out in January 2025, aligned with the framework of the European digital identity wallet (EUDI) and activated through Italy’s electronic identity card (CIE) or SPID digital identity system."

May 17, 2024

On the web

Expanding the Cross-Boundary E-CNY Pilot in Hong Kong

Hong Kong Monetary Authority

"The Hong Kong Monetary Authority (HKMA) and the People’s Bank of China (PBoC) have made further progress in the e-CNY pilot for cross-boundary payments, to expand the scope of e-CNY pilot in Hong Kong to facilitate the set up and the use of e-CNY wallets by Hong Kong residents, as well as the top-up of e-CNY wallets through the Faster Payment System (FPS)."

May 13, 2024

On the web

May 10, 2024

On the web

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