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Latest Results from /payments

/payments

Banco do Brasil selects G+D to test offline payments for CBDC

Banco do Brasil is to work with German firm Giesecke+Devrient (G+D) to test offline payments as part of pilot trials of its central banking digital currency, Drex.

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Banks to be given more time to investigate APP fraud

UK banks will be given an extra 72 hours to stall payments if they suspect authorised push payment fraud.

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Wayflyer moves into brick-and-mortar segment

Cash advance platform Wayflyer is to expand its offering beyond online-only businesses to support brands that sell into brick-and-mortar retail channels.

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Cash deposit marketplace Flagstone scores £108 million equity investment

London-based cash deposit marketplace Flagstone has scored a £108 million equity investment from US VC Estancia Capital Partners.

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India's UPI comes to Nepal

India's ambitions to take its Unified Payment Interface global has taken a step forward thanks to a link up with Nepal's Fonepay.

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Spain blocks Sam Altman's Worldcoin venture

Sam Altman’s cryptocurrency outfit Worldcoin has been told by Spain to stop collecting and using people's personal data.

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UniCredit hit with £2.3 million fine for data breach

UniCredit, Italy’s second-largest bank, has been fined €2.8 million (£2.3 million) by the country’s data protection authority over 2018 data breach case.

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NatWest ditches BNPL

British bank NatWest is killing off its buy now, pay later (BNPL) service less than two years after launch.

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HKMA to pilot CBDC sandbox for tokenised deposits

The Hong Kong Monetary Authority (HKMA) has kicked off a new wholesale central bank digital currency (wCBDC) project to render support to the development of the tokenisation market in the territory.

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Colombian payments orchestration platform Yuno raises $25m

Latin American payments orchestration platform Yuno has set its sights on Europe and Asia after securing $25 million in funding.

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Visa and Western Union expand collaboration

Western Union has signed a seven-year deal with Visa that will let the money transfer firm's customers send funds to eligible cards and bank accounts in 40 countries.

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JP Morgan joins French payments network Cartes Bancaires

JP Morgan is joining Cartes Bancaires (CB), enabling its merchant clients to process card payments via the French network rather than Visa or Mastercard.