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Hey Payments Fanatic! India's Paytm has received government approval for a 500 million rupee ($5.97 million) investment in its key subsidiary, Paytm Payment Services. This approval, delayed due to the company's ties to China, allows the subsidiary to resume normal operations. Paytm Payment Services accounted

Hey Payments Fanatic! The Central Bank (BC) has updated Pix regulations for improved security. From November 1st, financial institutions must adopt solutions for Pix key management and fund transactions, aiming to combat fraud and ensure safer payments. Key Changes: Financial institutions must use fraud risk management solutions that identify atypical

Hey Payments Fanatic! The UK has seen a substantial shift towards mobile contactless payments, with around 34% of adults using these methods at least once a month in 2023, according to UK Finance. Digital wallet services like Apple Pay and Google Pay have surged in popularity due to their enhanced

Hey Payments Fanatic! Apple Pay continues to dominate the digital wallet landscape, boasting a staggering 500 million global users.  The numbers are nothing short of extraordinary, reflecting Apple Pay's rapid growth and widespread adoption across the globe. In 2022, Apple Pay processed an impressive $6 trillion in payment

Hey Payments Fanatic! Network International (Network), a key enabler of digital commerce in the Middle East and Africa, has partnered with NPCI International Payments Ltd. (NIPL) to introduce QR code-based Unified Payments Interface (UPI) payments across Network’s point-of-sale (POS) terminals in the UAE. The announcement, made in Dubai with

Hey Payments Fanatic! The European Payments Initiative (EPI) has introduced its new payment solution, wero, in Germany. Initially available to customers of German Sparkassen and Volksbanken, Raiffeisenbanken, the service will be extended to Deutsche Bank's Postbank later this year. KBC customers in Belgium will gain access by the

Hey Payments Fanatic! Much is said about the impact of Pix on cards in Brazil. Introduced at the end of 2020, Pix has been highly successful in gaining acceptance among retailers and consumers. In the left graph (annual basis), we see that from the introduction of Pix (marked), the total