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Liberty Mutual Investments Upsizes Partnership with Affirm

Liberty Mutual Investments Upsizes Partnership with Affirm

Hey Payments Fanatic! Affirm has expanded its partnership with Liberty Mutual Investments (LMI), the investment arm of Liberty Mutual Group. The forward flow loan purchase program will see LMI buying Affirm installment loans, with up to $750 million outstanding through June 2027. Over time, LMI plans to invest up to

Checkout.com Reports 45% Growth in a Record-Breaking 2024

Checkout.com Reports 45% Growth in a Record-Breaking 2024

Hey Payments Fanatic! Checkout.com achieved 45% year-over-year net revenue growth in its core commerce and FinTech business in 2024, with its US operations growing by over 80%. Over 300 new merchants joined their network, including major brands like Ticketmaster, Bumble, and Heineken. Guillaume Pousaz, CEO, outlined ambitious targets: "

Pix Surpasses 6 Billion Monthly Transactions

Pix Surpasses 6 Billion Monthly Transactions

Hey Payments Fanatic! Brazil's Pix payment system processed 64 billion transactions in 2024, marking a 53% year-over-year increase and surpassing combined credit and debit card volumes by 80%. According to Matera's latest Pix by the Numbers report, the system hit a record 252.1 million transactions

Visa Brings Apple Pay to Egypt 🇪🇬 for Seamless Digital Payments

Visa Brings Apple Pay to Egypt 🇪🇬 for Seamless Digital Payments

Hey Payments Fanatic! Visa has launched Apple Pay in Egypt, bringing digital payment capabilities to Egyptian customers across multiple platforms. The service enables contactless payments in stores through iPhone or Apple Watch, secured by Face ID, Touch ID, or device passcode along with a one-time dynamic security code. Malak El

Primer to Enable dtcpay's Next-Gen Payment Solutions for Fiat and Stablecoins

Primer to Enable dtcpay's Next-Gen Payment Solutions for Fiat and Stablecoins

Hey Payments Fanatic! Singapore-based dtcpay has formed a partnership with global payment infrastructure provider Primer to enhance its transaction capabilities for both fiat and stablecoin payments. The collaboration aims to expand dtcpay's services in the luxury retail and hospitality sectors, including clients like the Capella Hotel Group. Alice

American Express Fined $230M Over Deceptive Sales Practices

American Express Fined $230M Over Deceptive Sales Practices

Hey Payments Fanatic! American Express is shelling out $230 million to settle U.S. criminal and civil probes into misleading sales tactics targeting small businesses. The deal includes a $138.4 million payment—with $108 million in fines—and a non-prosecution agreement with the Department of Justice (DOJ). Amex is

Apple is in talks with two new partners to take over Apple Card

Apple is in talks with two new partners to take over Apple Card

Hey Payments Fanatic! Apple is in discussions with Barclays and Synchrony Financial to potentially replace Goldman Sachs as its credit card partner. The talks come as Goldman Sachs CEO David Solomon indicated their partnership, originally set to run until 2030, might end earlier than planned. Several financial institutions are competing