Global payments news, briefly.
What happened in payments this week, and why it matters. Free weekly briefing every Monday.
Topics: Cross-border · Domestic & real-time · Cards · Asia-Pacific · Regulation · Deals & funding
Regions: Americas · Europe · Asia-Pacific · Middle East & Africa · Events calendar
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Tech Mahindra signs Mastercard B2B payments deal after buying Finastra cash suite
Tech Mahindra will build Mastercard virtual cards into corporate ERP and procurement systems, three days after buying Finastra’s cash management and virtual accounts products.
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This week’s issue
The OCC writes the stablecoin rulebook, GCash lists in Manila, and Western Union moves remittances on-chain
Read the issue: The OCC writes the stablecoin rulebook, GCash lists in Manila, and Western Union moves remittances on-chainThe OCC finalises its GENIUS Act rule for stablecoin issuers, Western Union picks Noah to pay out remittances in its USDPT stablecoin, GCash parent Mynt lists after a record ₱60.9bn IPO, and Same Day ACH volume rises 36.7%.
Latest news
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PayTabs signs MoU to buy Saudi payment firm SeaPay for SAR 35 million
PayTabs Group agreed to buy SAMA-licensed SeaPay from Arab Sea Information Systems for SAR 35 million in cash and shares, subject to due diligence and regulatory…
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Appeals court upholds ruling that vacated the Fed’s debit fee cap
A federal appeals court upheld a ruling that vacated the Federal Reserve’s 21-cent debit fee cap, finding that Regulation II counts bank costs the Durbin Amendment…
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RBI data centre in Bhubaneswar opens to host RTGS and NEFT
The Reserve Bank of India has opened a ₹169 crore data centre in Bhubaneswar that will host RTGS, NEFT and e-Kuber, its first such site outside…
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StraitsX and Visa extend stablecoin-backed card issuing to more than 100 markets
StraitsX will support stablecoin-backed Visa card programmes in more than 100 markets, taking the Singapore stablecoin issuer’s card business beyond Asia.
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HSBC RedCoin stablecoin goes live for 3.3 million PayMe users in Hong Kong
HSBC’s first stablecoin, the HKD-denominated RedCoin, is live on PayMe for more than 3.3 million users, who can use it for transfers and at over 100,000…
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Visa Direct moves stablecoin prefunding into production with Inyo Global
Visa Direct’s USDC prefunding has moved from pilot to production, with Inyo Global the first enabler for cross-border payouts to 180+ countries.
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The week in payments, every Monday
The top stories, why they matter, and the events coming up. Free.