Companies

Checkout Secures Georgia Banking Charter Milestone, Accelerating US Investment to Win the Enterprise Digital Payments Market

Checkout

“Checkout.com announced that the State of Georgia Department of Banking and Finance has officially accepted its application for a Merchant Acquirer Limited Purpose Bank (MALPB) charter. This reinforces the company’s commitment to deliver a powerful payments platform specifically designed for US enterprise merchants.”

Tags: Checkout.com

Companies

Enhancing Merchant Category Code (MCC) Classification for Mobility Payments: Analysis of Existing MCC Ranges for New Mobility MCCs

U.S. Payments Forum

“As mobility services expand beyond traditional public transit, accurate Merchant Category Codes (MCCs) are critical for transaction clarity, reporting, rewards, and subsidy programs. This U.S. Payments Forum white paper analyzes gaps and opportunities in MCC classification for micromobility, public transportation, carsharing, ridesharing, EV charging, and parking. It highlights how inconsistent MCC use impacts the payments […]

Tags: U.S. Payments Forum

Companies

Paytm Introduces ‘Reminders’ to Manage Recurring Expenses with Timely Alerts

India Technology News

“Paytm, India’s full stack merchant payments leader announced the launch of ‘Reminders’, an innovation designed to help individuals better manage recurring expenses through timely alerts and consolidated tracking. With Reminders, Paytm delivers advance notifications for regular commitments such as tuition fees, rent, and household salaries, reducing the risk of missed due dates. The innovation also […]

Tags: Paytm

Global

PhonePe, GPay Hit Record UPI Volumes in Aug, but Smaller Apps Eat Into Market Share

CNBCTV 18

“Digital payment leaders PhonePe and Google Pay registered their highest-ever transaction volumes in August 2025, even as their combined market share slipped, highlighting the growing traction of smaller UPI apps and the deepening adoption of merchant payments across categories. PhonePe commanded a market share of about 45.7%, Google Pay another 35.3% and Paytm about 7%. […]

Tags: India

Global

Amazon Pay India CEO Bats for Balanced MDR to Support Stakeholders

Business Standard

“A non-arbitrary merchant discount rate (MDR) on Unified Payments Interface (UPI) transactions should be determined after discussions between the regulator and industry, Amazon Pay India chief executive officer (CEO) Vikas Bansal told Business Standard on Tuesday…The remarks come at a time when the payments industry is closely watching regulatory discussions around MDR on UPI transactions, […]

Tags: India

Global

Deutsche Bank Optimises UPI Connectivity to Streamline Merchant Payments in India

LeapRate

“Deutsche Bank said that it has enhanced its merchant solutions in India by directly integrating with the country’s Unified Payments Interface (UPI), enabling faster and more reliable digital payment processing for large merchants and Payment Service Providers.”

Tags: India

Global

RayNeo and Ant Group Forge Strategic Partnership to Advance AR Glasses Innovations in Payments and Beyond

Business Wire

“RayNeo X3 Pro AR glasses are the first to support payments through both the merchant terminal and QR code, powered by Alipay’s multidimensional risk-control solution for AR glasses.The two parties will expand AR glasses applications across various daily services, with the goal of making AR glasses an essential part of daily life and a true […]

Tags: China

Companies

Xsolla and Adyen Partner to Power Global Game Payments and Introduce Xsolla Payment Service Provider to Give Developers Full Control of Payments, Checkout, and Revenue Strategy

Business Wire

“Xsolla, a global commerce company helping developers launch, grow and monetize their games, announces today a strategic partnership with Adyen, a leading financial technology platform, to power seamless and scalable payment experiences for game developers around the world. This partnership supports the launch of Xsolla Payment Service Provider (PSP), a new payment solution designed for […]

Tags: Adyen

Global

ICICI Bank Starts Charging PhonePe, Google Pay While UPI Hits 700 Million Daily Transactions

MSN

“India’s Unified Payments Interface (UPI) has reached a new milestone, crossing 700 million transactions in a single day for the first time on August 2, according to NPCI data reported by Moneycontrol. Meanwhile, ICICI Bank has begun charging payment aggregators like PhonePe and Google Pay a fee per transaction, sparking fresh debate on the sustainability […]

Tags: India

Regulation

The FTC Gives the Merchant of Record Model a Paddling

JD Supra

“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, Telemarketing Sales Rule, and Restore Online Shoppers’ Confidence Act. The settlement is notable for the FTC’s focus on Paddle’s use of a […]

Tags: Federal Trade Commission

Companies

Apple, Visa and Mastercard Win Dismissal of Merchant Antitrust Lawsuit Over Payment Fees

Reuters

“Apple, Visa and Mastercard have persuaded a U.S. judge to dismiss a lawsuit accusing them of conspiring to suppress competition in the payments network market and causing merchants to pay inflated transaction fees.”

Tags: Apple Mastercard Visa

Global

Mastercard, Visa’s Merchant Fees Breach Competition Law, UK Tribunal Rules

MSN

“Global payments processors Visa and Mastercard’s default multilateral interchange fees which are charged to retailers infringe competition law, a London tribunal ruled on Friday in the latest round of the long-running legal saga. London’s Competition Appeal Tribunal unanimously ruled that Visa and Mastercard’s multilateral interchange fees breach European competition law, in a ruling in linked […]

Tags: UK

Companies

Truist’s Merchant Engage Combines Banking and Payments in One

Digital Transactions

“Truist Financial Corp. is courting merchants and their banking and payment needs with a new service called Merchant Engage. The free service is an integrated merchant-services platform, enabling small businesses up to large merchants to view all of their transaction data in one location.”

Tags: Truist

Companies

Visa’s Blockchain Leap Redefining Global Payments

Blockchain Magazine

“Visa is pioneering blockchain with two key projects. The Visa Tokenized Asset Platform (VTAP), launched in October 2024, enables banks to issue digital tokens, like stablecoins (digital currencies tied to dollars) or tokenized bank deposits, on public blockchains like Ethereum. In 2025, Visa partnered with Bridge, a Stripe-owned startup, to expand stablecoin payments in Latin […]

Tags: Visa

Global Regulation

Mastercard, Visa's Merchant Fees Breach Competition Law, UK Tribunal Rules

Reuters

“Global payments processors Visa and Mastercard’s default multilateral interchange fees which are charged to retailers infringe competition law, a London tribunal ruled on Friday in the latest round of the long-running legal saga. London’s Competition Appeal Tribunal unanimously ruled that Visa and Mastercard’s multilateral interchange fees breach European competition law, in a ruling in linked […]

Tags: UK