Cross-border
Cross-border payments news: remittances, correspondent banking, Swift, stablecoin payouts, FX and new payment corridors.
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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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The OCC writes the stablecoin rulebook, GCash lists in Manila, and Western Union moves remittances on-chain
The 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…
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Visa gets a Beijing green light, UPI’s fee waits for Diwali, and stablecoins reach the payout rails
China lets Visa prepare a domestic yuan card-clearing business, India pushes UPI merchant fees past Diwali, Visa and Mastercard put stablecoins into production payouts, and Ramp…
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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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When the lights go out: Mastercard’s offline mandate, a £700m interchange claim and Canada’s bank-light real-time rail
Mastercard tells Europe every new card must work offline, UK merchants bring a £700m claim over cross-border interchange, Canada’s real-time rail looks set to launch without…
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