Paystand, a blockchain-enabled B2B payments service provider, has announced its acquisition of Teampay, a spend management software company. This move aims to consolidate their positions in the market and their goal of transforming payments by expanding their B2B payments network. Establishing a DeFi Network and Advancing in Payments The acquisition aligns with Paystand's idea of establishing an industry-wide decentralized finance (DeFi) network, aimed at connecting buyers and suppliers at scale, a concept once considered improbable. The recent development, in conjunction with strategic allian ..read more

Visa's recent handshake with Amazon's AWS Partner Network marks a strategic pivot, one that speaks volumes about the future of money and its movement. This isn't just about two giants playing nice; it's a land grab in a digital frontier where fintechs are the pioneers, and the cloud is the new gold rush. For decades, Visa has reigned supreme in the realm of global payments. Its network, a web of wires and protocols, has facilitated trillions of dollars flowing across borders and powering countless transactions. But the winds of change are blowing in from the digital plains. Fintechs, nimble an ..read more

Forget flying cars and robot butlers – for many Australians, the future of shopping seems firmly rooted in the past. While digital wallets and futuristic payment methods like cryptocurrency capture headlines, the humble credit card remains king in the land Down Under. A recent study by GlobalData paints a surprising picture: despite the rise of alternative options, plastic continues to dominate Australian e-commerce, accounting for over half of all online transactions in 2023. What's behind this loyalty to a technology some might consider outdated? The answer lies in a complex web of consumer ..read more

Stripe isn't settling for a slice of the financial services pie anymore. At their recent user conference, Stripe Sessions, they unveiled a staggering array of new features that paint a clear picture: they're aiming to be the entire bakery. This isn't just about processing payments anymore. Stripe is weaving a complex tapestry of financial tools, aiming to become the central nervous system for businesses of all sizes. From mom-and-pop shops to sprawling enterprises, Stripe wants to handle everything from checkout experiences to fraud prevention, tax intricacies, and even revenue models. The cen ..read more

Stripe plans to re-introduce cryptocurrency payments after ending Bitcoin transactions six years ago. The payment firm recently announced that it will allow merchants to accept payments using stablecoins. This step will enable them to benefit from faster transactions and low fees in digital assets. Instant On-chain Transactions In a statement during the company's Global Internet Economy conference, Stripe's Co-Founder and President, John Collison, mentioned that the company will bring back crypto payments this summer. Stripe halted Bitcoin transactions in 2018 due to volatility and technical l ..read more

Unlimit, a global fintech company, has announced its entry into the Indian market, accompanied by the receipt of its Reserve Bank of India (RBI) Online Payment Aggregator license. This development grants Unlimit authorization to operate as a payment service provider in the region. License Enables Expansion of Payment Services With this license, Unlimit is set to offer a range of payment services and methods, aimed at assisting local businesses in expanding their reach to a broader audience. The timing of Unlimit's entry into the Indian market coincides with substantial growth in digital commer ..read more

As the Miami F1 Grand Prix approaches, the spotlight is on Mastercard and several top teams vying for lucrative sponsorship deals with the payments giant. According to SportBusiness, McLaren F1 is leading the race for a deal with Mastercard, with talks hinting at a potential title sponsorship that could have the team rebranded as "McLaren Mercedes Mastercard". F1 Teams Target Mastercard Sponsorship Ferrari, Mercedes, and Aston Martin are also eying a possible deal with Mastercard as they seek to impress the payment services giant during the Grand Prix weekend. Ferrari, previously in discussion ..read more

The humble cup of coffee, a global ritual enjoyed by billions, betrays a hidden complexity. The path those beans take from farm to cup can be a labyrinthine journey, traversing continents and often encountering a frustrating bottleneck: the slow, opaque world of cross-border payments. But a potential revolution is brewing, one that could make sending money overseas as seamless as scrolling through your favorite coffee subscription app. The Reserve Bank of Australia (RBA) recently released a report exploring the possibility of interlinking fast payment systems, the digital equivalents of the ca ..read more

Remember that guy in the trench coat, fedora pulled low, whispering sweet nothings about Nigerian princes in your inbox? Those days are quaint, relics of a bygone era in the grand scheme of deception. Today's scammers are tech-savvy shape-shifters, wielding the same artificial intelligence that powers your ride-sharing app to fleece you out of your hard-earned cash. Mastercard, the ever-vigilant guardian of your plastic rectangle, is aware. They've seen the rise of the "AI-powered scam" with the same grim fascination as we've all watched our spam folders transform into a sophisticated phishing ..read more

Visa's shares rose in after-hours trading on Wall Street in response to the news that net revenue increased to $8.8 billion during the fiscal second quarter of 2024. In the meantime, the company joined forces with Standard Chartered to enhance cross-border payments. The global digital payments giant reported double-digit growth in revenue, net income, and earnings per share, driven by steady increases in payments volume, cross-border transactions, and processed transactions. Visa Posts Strong Q2 2024 Results amid Stable Growth in Key Metrics Net revenue for the quarter rose 10% year-over-year ..read more