Industry

PIX and Stablecoins Are Not Rivals, Says Visa’s Digital Currencies Chief for Latin America

Yahoo Finance

“Stablecoins did not arrive to fight PIX. That was the message from Antônia Souza, Visa’s Director of Digital Currencies for Latin America and the Caribbean. “We are not here to fight against PIX”, she said, pushing back on a framing that has become common across the region. In her view, the two serve different jobs. […]

Companies

Visa Is Cutting 7% of Employees in Efficiency Push as AI Reshapes Work

CNBC

“Visa plans to eliminate about 2,600 jobs, mostly in its technology and product operations, representing roughly 7% of its workforce. CEO Ryan McInerney said AI is helping “shape the way work gets done at Visa,” while a person with direct knowledge said AI was a significant factor, but not the sole driver, of the layoffs. Visa intends […]

Tags: Visa

Companies

Visa and Airwallex Join Forces to Build the Next Generation of Financial Infrastructure for Freight Platforms

Airwallex

“Visa and Airwallex  announced a collaboration to develop embedded-finance solutions tailored to freight and shipping platforms, helping modernise how businesses manage payments, working capital and cross-border commerce across one of the world’s most complex industries. The collaboration brings Visa’s expertise in commercial payments, acceptance strategy, risk management and industry-specific solution design with Airwallex’s embedded-finance capabilities, […]

Tags: Airwallex Visa

Financial Regulators Regulatory Environment

Episode 298 - The Patchwork of Payments Regulation in the US, with Duncan Douglass, Alston & Bird LLP

Kicking off a series of regulation-related episodes, Duncan Douglass, payments attorney and Partner at Alston & Bird LLP, joins Chris Uriarte and Samantha Gordon to turn the confusing and sometimes tedious topic of US payments regulation into an entertaining and enlightening update. The conversation begins with who actually regulates payments in the US and how US payments oversight differs from the UK and EU, then flows into developments on current regulatory topics.

Global

Singapore to Upgrade PayNow, Launch New Finance Institute to Drive Innovation

The Business Times

“The Republic will upgrade its national payments infrastructure with new PayNow capabilities, including interoperable QR payments and support for artificial intelligence-driven commerce. Singapore will also expand payment capabilities for emerging business needs including request-to-pay; structured data fields for automated reconciliation; a micropayments rail; expanded cross-border connectivity; enhanced resilience to payment operations [offline payment capabilities]; and […]

Tags: Singapore

Companies

U.S. Faster Payments Council Publishes Report Exploring Stablecoins for Cross-Border Payments

EIN Presswire

The U.S. Faster Payments Council (FPC) announced the publication of a new report from the FPC Cross-Border Payments Work Group titled, Stablecoins as a Cross-Border Payment Method. Developed in collaboration with the FPC Digital Assets Work Group, the report examines how GENIUS Act-compliant stablecoins could be used to improve cross-border payment processes and compares stablecoin-based models […]

Tags: U.S. Faster Payments Council

Companies

Ant International Raises Approx. US $1.2 Billion in Series a Equity Financing to Boost Cross-Border Payments, Agentic Commerce Solutions for Global Businesses

Business Wire

“Ant International announced the successful closing of its Series A equity financing of approximately US$1.2 billion. Existing investors including Ant Group and Alibaba Group participated in this round, as well as other renowned international investment institutions. The proceeds will be used to accelerate Ant International’s global expansion and innovation in merchant payment, account management and […]

Tags: Ant International

Global

India, Spain Advance UPI-Bizum Payment Talks

GK Today

“India and Spain agreed to advance technical discussions on interoperability between the Unified Payments Interface and Bizum. The proposed UPI-Bizum linkage is intended to support cross-border digital transactions for travellers and businesses and to improve financial connectivity between India and Spain.”

Tags: India Spain

Companies

BBVA, the First Spanish Bank to Launch Swift’s New Global Retail Payments Scheme

BBVA

“The new scheme marks a step forward in the modernisation of cross-border payments. For customers, this new model delivers an experience that is increasingly similar to that of an instant domestic payment. Funds can be credited to beneficiaries’ accounts in Spain for the full amount within approximately 25 seconds, at any time of the day, […]

Tags: BBVA

Companies

Ant International’s Alipay+ Connects Argentina's National QR Payment Scheme via PVS, Enabling Cross-Border Payments at Millions of Merchants

Yahoo Finance

Alipay+ announced that it will enable global travellers to make QR code payments at millions of merchants across Argentina through integration with the country’s national QR payment scheme Transferencias 3.0, in partnership with PVS, a fintech company specialized in developing customized payment solutions in Latin America.

Tags: Alipay

Global

EthSwitch and SWIFT Partner to Revolutionize Ethiopia’s Cross-Border Instant Payments

FF News

“EthSwitch and SWIFT are collaborating to advance cross-border instant payments in Ethiopia. This strategic dialogue aims to enhance international remittance speed and security, leveraging global financial connectivity to drive financial inclusion and modernize the digital payment infrastructure for Ethiopian businesses and consumers.”

Tags: Ethiopia

Companies

Swift’s Blockchain Ledger Ready for Use as 17 Banks Set to Pioneer Tokenised Cross-Border Payments on Trusted Global Infrastructure

Business Wire

“Swift moves from concept to activation of blockchain-based ledger in nine months. 17 banks from six continents are now preparing to pilot live transactions using tokenised deposits for 24/7 payment availability and better liquidity efficiency. The addition to Swift’s resilient global platform marks a key milestone for regulated digital assets, creating a foundation that could […]

Tags: Swift

Companies

How Stablecoins Could Power the Next Era of Retail Payments (Report & Video)

Deloitte Insights

“Stablecoins are moving from niche crypto platforms to the checkout line. Beyond the incremental growth of direct payments, these instruments could support an estimated 2.5% of US noncash transactions through backend settlement, processing, or funding mechanisms by 2030. Multinational companies may capture the most value from stablecoin networks due to the costs and complexity of […]

Tags: Deloitte

Companies

Nium Acquires Cypher, Expanding Its Fiat-to-on-Chain Money Movement Infrastructure

Nium

“Nium, the global leader in cross-border payments infrastructure, announced the acquisition of Cypher, a crypto-native non-custodial wallet and issuing company. The deal further expands Nium as the core infrastructure layer for the converging payments ecosystem—the compliant money movement and value exchange infrastructure that bridges fiat and digital assets.”

Tags: Nium

Companies

Swift Enables Blockchain Ledger for Cross-Border Payments

IBS Intelliegence

“Swift has activated its blockchain-based ledger infrastructure, enabling banks to pilot tokenised deposit transactions for 24/7 cross-border payments and improved liquidity management. The new ledger was developed to support regulated digital asset transactions, allowing participating banks to move tokenised value across borders while maintaining existing compliance, risk and settlement controls. Swift said 17 banks across six continents […]

Tags: Swift