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Ant Group says the number of international visitors who have used its mobile payment services in China quadrupled over the past six months, following the launch of the International Consumer Friendly Zones program in March that has now expanded to 70 Chinese cities. 300% rise in international mobile payments Speaking at the 2024 INCLUSION Conference, […]

Wipay, a Spanish payment technology company, has partnered with PagBrasil to introduce Brazil’s Pix Instant Payment System to Europe, starting with Spain and Portugal. Pix Instant Payments arrive in Europe Pix, wildly popular in Brazil for its speed and transparency, will offer Brazilian tourists a more convenient and cost-effective payment option in the launch markets,

The global cross-border payments market is on track to hit $290 trillion by 2030, driven by rising international e-commerce, global workforce mobility, and the adoption of digital payment solutions, according to the Convera Fintech 2025 Report. These payments form the backbone of international trade and finance, encompassing both high-value wholesale transactions (such as FX trading)

Switzerland has joined the ranks of European countries offering instant payments, a significant leap for a nation traditionally attached to physical cash. Launched by the Swiss National Bank (SNB) in partnership with SIX, this system enables credit transfers within 10 seconds, covering 95% of Swiss retail payment transactions. While instant payments have grown in Europe

The North America Banking Report by Temenos reveals a crucial shift in how North American banks are responding to the technological revolution. With 90% of banks in the region identifying technology as the most significant trend impacting their industry over the next five years, financial institutions are increasingly investing in tools like artificial intelligence (AI),

Mastercard and Visa are facing collective lawsuits in the UK, over historical overcharging claims on multilateral interchange fees, with claims surpassing £4 billion. Mastercard and Visa interchange fees lawsuit  The Competition Appeal Tribunal has approved the action, allowing UK businesses to seek compensation for losses due to unlawfully high multilateral interchange fees (MIFs) on commercial

The UK’s Payment Systems Regulator (PSR) is set to reduce the maximum compensation limit for APP fraud victims to £85,000, down from the originally proposed £415,000. UK regulator lowers APP fraud payout This follows pressure from industry leaders and ministers who feared that the higher cap could incentivise fraudulent activity and strain smaller financial firms.

Laybuy, a BNPL provider which launched in 2017 and once boasted around 766,000 customers across the UK, Australia and New Zealand, put itself up for sale in April and was looking to delist from the New Zealand’s junior stock exchange Catalist. Klarna acquires Laybuy assets However, a buyer failed to emerge at the time and the

As regular readers will be aware, we do not normally report on revenues of fintech’s, however, this is interesting…Zilch, the world’s first ad-subsidised payments network (ASPN), has announced its first month of operating profit while surpassing a revenue run rate of more than $130m (£100m). Zilch hits profitability The business has reached these milestones within

Fime, a leader in consulting, testing, and certification services, has announced the acquisition of Consult Hyperion, a renowned consultancy firm with expertise across payments, smart mobility and digital identity. Fime acquires Consult Hyperion The acquisition augments and cements Fime’s ability to deliver comprehensive consulting and advisory services—from ideation to implementation and testing—across these key sectors.