Triple-A and Coinbase enter crypto payments partnership
Dec 10, 2024 · Circle will assist Binance in establishing critical connections within the global finance and commerce sectors. Credit: husjur02/ Shutterstock. Triple-A has joined forces with Coinbase, enabling the latter’s users to make crypto payments to select merchants in Triple-A’s merchant network. This ...
Crypto.com, Mastercard enter digital payments alliance in GCC
Dec 5, 2024 · The cards can be funded through the Crypto.com app, using e-money wallets or credit and debit cards from third parties. The new payment product will be available across all five tiers of Crypto.com’s card offerings with USD denomination, including the premium Black Obsidian tier, which offers rewards of up to 8% on spending.
Klarna hit with $46m fine for breaching anti-money laundering rules
Dec 11, 2024 · Sweden’s financial regulator, the Financial Supervisory Authority (FI), has imposed a fine of 500 million Swedish crowns ($46m) on BNPL firm Klarna for breaches in anti-money laundering regulations.
Google sues CFPB over supervision of payment arm
Dec 9, 2024 · The move follows CFPB’s announcement that it would exercise supervisory authority over Google Payment Corp.. Google has initiated legal action against the Consumer Financial Protection Bureau (CFPB), challenging the federal agency’s decision to …
dLocal, Viva Aerobus partner to ease payments for travellers
Nov 8, 2024 · Cross-border payments platform dLocal has forged an alliance with Viva Aerobus, a Mexican ultra-low-cost airline. This partnership aims to simplify local payment processing for travellers in Mexico, the USA, and Colombia.
Circle expands into Middle East and Africa with ADGM entity
Dec 10, 2024 · This collaboration is set to address gaps in financial services and complement existing payment systems, especially in regions with high remittance traffic. Credit: metamorworks/ Shutterstock. Fintech firm Circle Internet Group has announced the incorporation of an entity in the Abu Dhabi Global ...
MoonPay vies for crypto payment firm Helio Pay
Dec 26, 2024 · MoonPay’s payment infrastructure supports the conversion between fiat currencies and cryptocurrencies. Credit: T. Schneider/ Shutterstock. Crypto payments firm MoonPay is reportedly in discussions to acquire Helio Pay for nearly $150m. If finalised, this acquisition would mark MoonPay’s largest ...
India extends UPI market share cap deadline by two years
Jan 2, 2025 · The market share caps, set to take effect by the end of 2024, will now be implemented at the end of December 2026. Credit: Arnav Pratap Singh/ Shutterstock. The National Payments Corporation of India (NPCI) has postponed the enforcement of market share cap for unified payments interface (UPI ...
Russia proposes Swift alternative for cross-border payments
Oct 14, 2024 · In a significant move to counteract international sanctions and reduce dependency on the global financial system Swift, Russia has called on BRICS nations to establish a new cross-border payments network, reported Bloomberg.. This initiative is aimed at facilitating transactions in local currencies and strengthening economic ties within the bloc.
Singapore to launch two e-payment solutions in mid-2025
Dec 6, 2024 · The forthcoming EDP and EDP+ solutions are being launched in partnership with Domestic Systemically Important Banks (D-SIBs). These solutions are accessible via digital banking platforms, will incorporate PayNow to streamline the identification of payees.