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Crypto Firms Form Global Alliance to Standardise Stablecoin Payments
A group of major blockchain organisations, including Solana Foundation, Polygon Labs, Stellar Development Foundation, and Fireblocks, has launched the Blockchain Payments Alliance to improve interoperability and compliance across stablecoin payments. The collaboration seeks to create unified standards for digital transactions, reduce fragmentation ...
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Japan Enters Stablecoin Race With Launch of Yen-Pegged JPYC
Japan has launched its first yen-pegged stablecoin, JPYC, developed by Tokyo-based fintech JPYC Inc. Fully backed by yen reserves and government bonds, the stablecoin aims to modernise digital payments and settlements. The launch marks Japan’s entry into the global stablecoin race, long dominated by dollar-backed assets such as USDT and USDC, and...
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UPI Adoption In France Drives 40% Surge In Indian Tourists: French Firm
Growing adoption of India's UPI in France has led to a significant increase in the number of Indian tourists visiting the country, according to Christophe Mariette, Chairman of Lyra Network.
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UK Fintech Firm Revolut To Launch Payments Platform In India, Aims 20 Million Users By 2030
London-based digital finance firm Revolut said on Wednesday it will launch its payment platform in India, its first foray into one of the world's largest digital payments markets, as part of a planned global expansion.
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Visa, Mastercard Race to Capture a $253 Billion Crypto Threat
A turf war is breaking out in the vast world of digital payments - and the incumbents are suddenly on defense.
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Mastercard, Kraken Team Up to Scale Card-Based Crypto Spending in UK, Europe
Mastercard has teamed up with Kraken to enable card-based crypto payments for day-to-day purchases. In the coming weeks, Kraken will be launching physical and digital debit cards to facilitate payments through crypto.
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Kazakhstan and UAE Central Banks Sign MoU to Collaborate on VDA Regulations, CBDCs
The National Bank of Kazakhstan and the Central Bank of the UAE (CBUAE) have signed an MoU to collaborate on fintech, cybersecurity, and CBDCs, focusing on how UAE's financial hubs leverage blockchain and crypto for payments and transactions.
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Trump Family's World Liberty Financial Crypto Venture to Launch Stablecoin
Donald Trump's World Liberty Financial will launch a dollar-pegged USD1 stablecoin. USD1 will be launched on the Ethereum and Binance Smart Chain blockchains - digital ledgers that underpin the movement of crypto coins.
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India Delays UPI Payments Market Share Cap in Relief for PhonePe, Google Pay
India has pushed back the implementation of market share caps for UPI apps like Google Pay and PhonePe. According to the proposal, first made in November 2020, digital payment firms would not be allowed to hold more than 30 percent share of the volume of transactions processed via India's popular unified payments interface (UPI).
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EBA Establishes Stricter Oversight for Firms Handling Crypto-Assets and Payments: Details
The European Banking Authority (EBA) has directed payment service providers to screen all firms seeking to register their businesses in EU member states. Additionally, EU lawmakers have mandated that virtual digital asset service providers (VASPs) conduct comprehensive due diligence, including detailed risk assessments.
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Paytm To Sell Entertainment Ticketing Business To Zomato For Rs 2,048 Crore
Food delivery platform Zomato said on Wednesday it will acquire the movie and events ticketing businesses of digital payments firm Paytm for a combined Rs 2048 crore.
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Paytm Q4 FY24 Loss Widens To Rs 550 Crore After RBI Action Against Payments Bank
Digital payments firm Paytm posted a wider loss in the fiscal fourth quarter on Wednesday, hurt by weakness in its payments and financial services business after the central bank shut down its banking unit.
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Paytm Payments Bank Board Is Independent, Paytm CEO Vijay Shekhar Sharma Says
The board of India's Paytm Payments Bank is independent and capable of addressing regulatory concerns, the chief executive officer of digital payments firm Paytm, formally known as One97 Communications Ltd, (OCL) said on Monday.
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Payments Bank Board Is Independent: Paytm CEO Vijay Shekhar Sharma
The board of India's Paytm Payments Bank is independent and capable of addressing regulatory concerns, the chief executive officer of digital payments firm Paytm, formally known as One97 Communications Ltd, (OCL) said on Monday.
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Paytm Gets Third-Party UPI App License From NPCI as Payments Bank Ceases Operations
Indian digital payments firm Paytm, formally known as One 97 Communications, was on Thursday granted a third-party application provider license by the country's payments authority, which will enable it to facilitate payments after its banking unit ceases operations.
-
Crypto Firms Form Global Alliance to Standardise Stablecoin Payments
A group of major blockchain organisations, including Solana Foundation, Polygon Labs, Stellar Development Foundation, and Fireblocks, has launched the Blockchain Payments Alliance to improve interoperability and compliance across stablecoin payments. The collaboration seeks to create unified standards for digital transactions, reduce fragmentation ...
-
Japan Enters Stablecoin Race With Launch of Yen-Pegged JPYC
Japan has launched its first yen-pegged stablecoin, JPYC, developed by Tokyo-based fintech JPYC Inc. Fully backed by yen reserves and government bonds, the stablecoin aims to modernise digital payments and settlements. The launch marks Japan’s entry into the global stablecoin race, long dominated by dollar-backed assets such as USDT and USDC, and...
-
UPI Adoption In France Drives 40% Surge In Indian Tourists: French Firm
Growing adoption of India's UPI in France has led to a significant increase in the number of Indian tourists visiting the country, according to Christophe Mariette, Chairman of Lyra Network.
-
UK Fintech Firm Revolut To Launch Payments Platform In India, Aims 20 Million Users By 2030
London-based digital finance firm Revolut said on Wednesday it will launch its payment platform in India, its first foray into one of the world's largest digital payments markets, as part of a planned global expansion.
-
Visa, Mastercard Race to Capture a $253 Billion Crypto Threat
A turf war is breaking out in the vast world of digital payments - and the incumbents are suddenly on defense.
-
Mastercard, Kraken Team Up to Scale Card-Based Crypto Spending in UK, Europe
Mastercard has teamed up with Kraken to enable card-based crypto payments for day-to-day purchases. In the coming weeks, Kraken will be launching physical and digital debit cards to facilitate payments through crypto.
-
Kazakhstan and UAE Central Banks Sign MoU to Collaborate on VDA Regulations, CBDCs
The National Bank of Kazakhstan and the Central Bank of the UAE (CBUAE) have signed an MoU to collaborate on fintech, cybersecurity, and CBDCs, focusing on how UAE's financial hubs leverage blockchain and crypto for payments and transactions.
-
Trump Family's World Liberty Financial Crypto Venture to Launch Stablecoin
Donald Trump's World Liberty Financial will launch a dollar-pegged USD1 stablecoin. USD1 will be launched on the Ethereum and Binance Smart Chain blockchains - digital ledgers that underpin the movement of crypto coins.
-
India Delays UPI Payments Market Share Cap in Relief for PhonePe, Google Pay
India has pushed back the implementation of market share caps for UPI apps like Google Pay and PhonePe. According to the proposal, first made in November 2020, digital payment firms would not be allowed to hold more than 30 percent share of the volume of transactions processed via India's popular unified payments interface (UPI).
-
EBA Establishes Stricter Oversight for Firms Handling Crypto-Assets and Payments: Details
The European Banking Authority (EBA) has directed payment service providers to screen all firms seeking to register their businesses in EU member states. Additionally, EU lawmakers have mandated that virtual digital asset service providers (VASPs) conduct comprehensive due diligence, including detailed risk assessments.
-
Paytm To Sell Entertainment Ticketing Business To Zomato For Rs 2,048 Crore
Food delivery platform Zomato said on Wednesday it will acquire the movie and events ticketing businesses of digital payments firm Paytm for a combined Rs 2048 crore.
-
Paytm Q4 FY24 Loss Widens To Rs 550 Crore After RBI Action Against Payments Bank
Digital payments firm Paytm posted a wider loss in the fiscal fourth quarter on Wednesday, hurt by weakness in its payments and financial services business after the central bank shut down its banking unit.
-
Paytm Payments Bank Board Is Independent, Paytm CEO Vijay Shekhar Sharma Says
The board of India's Paytm Payments Bank is independent and capable of addressing regulatory concerns, the chief executive officer of digital payments firm Paytm, formally known as One97 Communications Ltd, (OCL) said on Monday.
-
Payments Bank Board Is Independent: Paytm CEO Vijay Shekhar Sharma
The board of India's Paytm Payments Bank is independent and capable of addressing regulatory concerns, the chief executive officer of digital payments firm Paytm, formally known as One97 Communications Ltd, (OCL) said on Monday.
-
Paytm Gets Third-Party UPI App License From NPCI as Payments Bank Ceases Operations
Indian digital payments firm Paytm, formally known as One 97 Communications, was on Thursday granted a third-party application provider license by the country's payments authority, which will enable it to facilitate payments after its banking unit ceases operations.
