May 29, 2024
Mastercard Unveils P2P Pilot for Crypto Credential Tool
Mastercard has introduced what it calls a “milestone” update to its Crypto Credential tool. For the first time, the company announced Wednesday (May 29) crypto exchange users can send and...
May 29, 2024
CBDC Scrutiny Underscores Role of Compliance in Scaling Digital Innovations
The technology for central bank digital currencies (CBDCs) already exists. And as dozens of countries around the world have proven, in less time than it took to read this sentence,...
May 29, 2024
Triple-A Taps PayPal’s Stablecoin to Double Payments Volume
Singapore-based financial institution Triple-A is adding PayPal’s PYUSD stablecoin to its payment services. The move, announced Wednesday (May 29), will let the company’s clients accept the stablecoin as a payment method, and facilitate cross-border payments using...
May 29, 2024
PayPal Adds Stablecoin to Solana Blockchain
PayPal says its stablecoin — PayPal USD (PYUSD) — is now available on the Solana blockchain. The move is designed to make the stablecoin faster and cheaper to use, giving users the choice...
May 29, 2024
Elavon and Woo Partner on Online Payments for European Businesses
Elavon and Woo partnered to facilitate online payments for small- to medium-sized businesses (SMBs) in Europe. With this collaboration, Elavon’s payment extension will be integrated into Woo-supported eCommerce stores in...
May 28, 2024
Coinflow Raises $2.2 Million to Build Financial Blockchain Tech
Instant settlement payment provider Coinflow Labs has raised $2.25 million in seed funding. The company said this funding round, announced Tuesday (May 28), will help it bolster its payments infrastructure...
May 28, 2024
Banco Inter to Gain Full Ownership of Merchant Acquirer Granito
Brazilian bank Banco Inter, a business unit of Inter&Co, plans to acquire the remaining 50% of merchant acquirer Granito, giving it full ownership of the company. Granito, which provides financial services to more...
May 27, 2024
How APIs Bridge Modern and Legacy B2B Payment Architectures
Businesses, particularly global ones, exist and transact across fragmented payment ecosystems. Just ask any organization about their cross-border growth plans and how it’s going from a payments perspective: the absence...
May 24, 2024
Report: MoneyGram Fails to Secure Lower Borrowing Costs on Leveraged...
MoneyGram International reportedly failed to secure lower borrowing costs on a $398 million leveraged loan before a deadline on Thursday (May 23). The company had aimed to convince lenders to cut...
Real-time payments in the EU are on the verge of achieving their instantaneous promise, with a new rule from the European Council requiring instant fund transfers to be available within 10 seconds. In this edition of the “Real-Time Payments World Map,” a collaboration with The Clearing House, PYMNTS explores this development along with other advancements unfolding across the global real-time payments landscape.
Many eCommerce merchants in the United States seek growth in international markets but encounter significant friction in cross-border transactions. PYMNTS Intelligence’s latest study, “Cross-Border Sales and the Challenge of Failed Payments,” a collaboration with Nuvei, draws on insights from 300 executives to identify the key challenges of cross-border payments and how to solve them.