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Hey Payments Fanatic! PayPal was fined R$5.3 million by the Brazilian Central Bank for failing to meet deadlines and requirements during the rollout of Pix in 2020. In its statement, the company said the migration required moving from a closed system to an open platform, which created operational

Hey Payments Fanatic! For the first time, the global stablecoin market surpassed a total capitalization of $300 billion, with average daily transaction volumes reaching $3.1 trillion this October. Monthly stablecoin payments exceeded $10 billion as of August 2025, with 63% of that volume driven by business-to-business (B2B) transactions, according

Hey Payments Fanatic! Big move today in the cross-border space. Mastercard and Thunes teamed up to bring stablecoin payouts to the mainstream: a major step in connecting traditional rails with digital wallets. The collaboration enables near real-time transfers directly to stablecoin wallets via Mastercard Move and Thunes’ Direct Global Network,

Hey Payments Fanatic! Ant International has added iris authentication features to Alipay+ GlassPay, its AR glasses-embedded payment solution, through partnerships with smart glasses producers Xiaomi and Meizu. Currently, Alipay+ GlassPay integrates multi-modal biometric verification measures. With the new feature, tested on AlipayHK, merchants and service providers can offer a more

Hey Payments Fanatic! With the younger crowd in mind, Venmo launched a new rewards program for debit cards. Named Venmo Stash, it tries to cater to Gen Z's spending behavior. According to research, they favor debit cards over other forms of payment. In the new program, customers earn

Hey Payments Fanatic! The Bank of England has published a consultation paper proposing that issuers of widely used stablecoins be allowed to invest up to 60% of the assets backing them in government debt. A previous 2023 proposal had been criticized for requiring issuers to hold all of their assets