News
Daily global payments news: what happened and why it matters, across cross-border, real-time, cards, Asia-Pacific, regulation and deals.
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PBOC gives Visa preliminary approval to prepare yuan card clearing in China
China’s central bank has let Visa start preparing a domestic bank card clearing institution, giving it a year to get ready before applying to operate.
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Pix keys top 1 billion in Brazil as September transactions reach 7.1 billion
Brazil now has more than 1 billion registered Pix keys, led by random keys, and the SPI processed 7.1 billion Pix payments in September.
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Mastercard makes offline payments mandatory for new cards and terminals in Europe
Mastercard will require every new European card from February 2027, and new terminals from May 2027, to approve payments of up to €200 during outages.
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Rain applies to the OCC for a national trust bank to issue and hold stablecoins
Stablecoin card issuer Rain has applied to the OCC for a New York national trust bank that would hold reserves and issue dollar stablecoins, but take…
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GCash parent Mynt prices IPO at ₱6.60 a share, raising up to ₱60.9 billion
Mynt priced its IPO at ₱6.60 a share, raising up to ₱60.9 billion, which would be the largest in Philippine history. GCASH lists on October 20.
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