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Latest global payments news

PhonePe backs away from a buy now/pay later acquisition, Germany fines EY for Wirecard scandal, and more.

Germany
Payments
M-amp-a
Cross-border-payments
Pso-content

Why Mastercard's recycled-plastic rule could be tough to implement

The card network vows to make all of its new cards from recycled plastic by 2028, but even the most ardent digital-first card issuers have met obstacles in finding affordable alternatives to using virgin plastic.

New-hampshire
United-states
Germany
Petersburg
Sankt-peterburg
Russia
Florida
America
Jean-louis-warnholz
Hugh-tallents
Chris-cucci
Mastercard

Mastercard and a global team of fintechs target Nordic payments

Finaro, Northmill and NMI are joining with the card network to expand contactless payment acceptance via smartphones without add-on hardware.

Sweden
Germany
Japan
Norway
Israel
Finland
Israeli
Peter-galvin
Marco-salazar
Ruben-nielsen
Cyril-marcilhacy-bloomberg
Visa

Startup launches credit-test tool for small businesses

JPMorgan Chase, Wells Fargo and Mastercard will extend Hello Alice's do-it-yourself "business health" score to entrepreneurs looking to improve their creditworthiness.

North-carolina
United-states
Elizabeth-gore
Logan-cyrus-bloomberg
Equitable-access-program
Wells-fargo
Kauffman-foundation
Mastercard
Hello-alice
Houston-based-hello
Payments
Pso-content

Could a digital dollar make stablecoins more stable?

Circle has proposed using central bank digital currencies as part of a backstop to mitigate the same sort of risk that caused its own coin to lose its peg to the U.S. dollar during the run on Silicon Valley Bank.

New-york
United-states
Jeremy-allaire
Michael-nagle-bloomberg
Ilya-volkov
Martin-hargreaves
Ganesh-viswanath-natraj
Federal-reserve
Federal-reserve-bank
Facebook
Silicon-valley-bank
Warwick-college

PayPal adds Apple Pay to small-business checkout

Responding to growing competition for merchants' loyalty, PayPal has enabled its small-business customers to accept Apple's mobile wallet, along with other features previously only available to large enterprises.

California
United-states
Hugh-tallents
Advanced-checkout
Pay-later
Apple-pay
San-jose
New-york-based
Payments
Pso-feature
Pso-content

An account-switching fintech's view of the banking crisis

Pinwheel, which automates the setup of direct deposit at new accounts, endured a brief and unexpected surge in traffic during mid-March's bank runs.

Kurt-lin
Citizens-bank
Smart-branch
Silicon-valley-bank
New-york-based
Direct-deposit-switch
Cash-app
David-shipper
Payments
Pso-feature
Pso-content

Can real-time payments reach smaller countries?

The quest to make instant settlement ubiquitous in all countries requires scale and connectivity, creating opportunities for intermediaries that can handle the last mile.

South-korea
Belize
Moldova
Canada
India
Albania
Australia
United-states
Sweden
Finland
Brazil
Philippines

Inside Big Boy's use of cloud payments

Like bank and credit union branches, sit-down restaurants face rapid changes in consumer preferences, requiring a quick pivot to a growing range of digital service and checkout options.

Matthew-gilmore
Bob-meara
Big-boy
Workers-credit-union
Payment-cloud-service
Big-boy-restaurant-group
Oracle
Cnn
Mastercard
Starbucks
Big-boy-restaurant
Payments

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