Payments

PayPal Rolls Out Stablecoin Backed by U.S. Dollar

Global payment giant PayPal announced the launch of a U.S. dollar-denominated stablecoin which will be available to consumers, merchants and developers to seamlessly connect fiat and digital currencies. PayPal USD (PYUSD) is backed by U.S. dollar deposits, short-term U.S Treasuries

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BPC Partners With Ellipse to Boost Payment Transaction Security

Swiss payment solution provider BPC announced that it has expanded its partnership with U.S.-based fintech company Ellipse World. The partnership will focus on bolstering security measures and privacy for customers by integrating EVC® (Ellipse Verification Code), Ellipse’s dynamic card security

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SumUp Enables JCB Card Acceptance for Its European Merchants

SumUp, a London-based global payments service provider, has tied up with Japan-based card scheme JCB International to enable the acceptance of JCB Cards across its European merchant network. The enablement of JCB Card will allow SumUp’s merchants in Europe, which

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Kanton Zug Increases Maximum Tax Payment Amount With Cryptos to CHF 1.5 Million

The Canton of Zug is increasing the transaction limit for tax payments with the cryptocurrencies Bitcoin and Ether from CHF 100,000 to CHF 1.5 million with immediate effect. This measure will facilitate access to digital means of payment and meet

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Swiss Central Bank Payment Vision Outlining Focus on DLT, Tokenization and Instant Payments

The Swiss National Bank (SNB) has shared how it intends to “future-proof” the domestic payment ecosystem, outlining its ambition to leverage technologies and processes including tokenization and distributed ledger technology (DLT) to establish an “efficient, reliable and secure ecosystem” that’s

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Worldline Launches Solution to Help Companies Enter the Metaverse

French payments company Worldline is launching a white-label solution for companies to enter into the Metaverse without any prior experience. This white-label solution is suitable for any company developing a Metaverse strategy and looking for a cost-effective way to get

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Netcetera Acquires Slovenian Software Company Kamino

Swiss software company Netcetera acquires Kamino, a company from Slovenia specializing in mobile app and digital identity development. The newly acquired expert know-how and technological expertise strengthen Netcetera’s core competency for business-critical digital solutions. The two companies have cooperated successfully

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Nuvei Now an Official Sponsor of Mercedes-AMG PETRONAS F1 Team

Canadian payments company Nuvei has entered into a multi-year sponsorship agreement with the Mercedes-AMG PETRONAS Formula One Team ahead of the 2023 F1 season. From the 2023 Formula One™ season onwards, the Nuvei logo will appear on the helmet and

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Klarpay Expands Global Payment Offering With 13 New Currency Accounts

Business payments platform Klarpay announced the expansion of its international payment offering with the launch of 13 new currency IBAN accounts. The currencies include United Arab Emirates Dirham (AED), Australian Dollar (AUD), Canadian Dollar (CAD), Danish Krone (DKK), Hong Kong

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Canadian Fintech Nuvei Acquires Paya in US$1.3 Billion Deal

Canadian fintech Nuvei announced that it has inked a deal to acquire U.S. payments firm Paya in an all-cash transaction for US$1.3 billion. Paya is a pure-play integrated payments platform serving customers in markets such as B2B, government, utilities, non-profit

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