The Reserve Bank of India (RBI) has said it will back efforts to internationalize India’s unified payments interface (UPI) digital payments system. “Enhanced interest evinced by major countries across the globe in India’s UPI could accelerate growth in trade and commerce with partnering countries while...
Elon Musk has said Twitter should integrate digital payments, a Coindesk report said Thursday (June 16). The billionaire Tesla owner said money is “fundamentally digital at this point and has been for a while,” as he was speaking at a virtual all-hands meeting for the...
Inflation is making the cost of everything more expensive, even putting the proverbial check in the mail to get the bills paid in the first place. In a recent interview with Karen Webster, Ron Shultz, executive vice president of Global Bill Pay Product Development at...
Expanding into new markets in other countries is the way many big companies got big. Yet even after the pandemic and digital shift that it triggered, digital payments are far from ubiquitous in some large markets, like Latin America, where cash still rules and digital...
In the story of payment technology in Africa, financial institutions have had to compete with a range of alternatives from outside the spheres of banking and traditional finance. Just look at how the rise of mobile money has turned telecoms operators like MTN and Airtel...
Like many industries, the commercial vehicle aftermarket has set a course for digital payments, and it isn’t looking in the rearview mirror. To facilitate the move, sellers of parts for medium- and heavy-duty trucks and trailers are offering financing and payment options that make online...
Nekoosa Port Edwards State Bank in Wisconsin started offering Zelle to its customers and marked the 1,000th financial institution (FI) using the digital payments network Zelle via financial services tech company Fiserv. Zelle enables people to transfer money from one U.S. bank account to another,...
Today is Thursday, June 9, and gas prices are still rising as package sizes are shrinking, along with some sandwich sizes at popular quick-serve restaurants. President Biden ended infrastructure talks after the two sides couldn’t reach an agreement, and tonight in prime time, people can...
Around the globe, inflation mounts, sapping purchasing power and straining budgets. In Latin America, inflation is running at double-digit percentage points. Logic might hold that with these pressures in place, spending — in terms of transaction volume — would be scaled back drastically. In this...
