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2 mins read

Fast cross-border payments to make it difficult to check money laundering, terror funding: Fed official

The US Fed official overseeing payment systems said slowing down the speed at which payments are cl…

PTI   


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5 mins read

Countries from Russia to China are building payments systems that could threaten the dollar's global dominance

Cryptocurrencies, SWIFT alternatives, and even the barter system could reshape global payments amid…

Huileng Tan   


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1 min read

Zoho launches Zoho Payments, a payment gateway and aggregator

Zoho Payments as a payment aggregator has been registered as a Bharat Bill Payment Operating Unit (…

PTI   


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1 min read

Global cyber outage: Banks, payments systems unaffected by Microsoft outage

HDFC Bank, the biggest among the private sector lenders, also said that it has not faced any impact…

PTI   


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2 mins read

Global IT outage hits Starbucks mobile-order system and card payments at businesses

Some retailers and fast-food chains are limiting their operations and only taking cash payments fol…

Grace Dean   


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2 mins read

India's digital public infrastructure is transforming country's economic landscape, notes RBI

Built on principles of public good, open access, and regulatory fairness, India Stack has become a …

ANI   


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3 mins read

Sanctions-hit Russia is rushing to set up payment systems, including crypto, to make trading easier

Russia is facing so many issues with its international trade payments that it's shifting its previo…

Huileng Tan   


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3 mins read

Russia hit Google with a fine so big it defies comprehension, exposing a legal system adrift

Russia's massive Google fine is huge, symbolic, and likely unenforceable, but it's part of an incre…

Joshua Nelken-Zitser,Kieran C…   


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4 mins read

India to introduce UPI payment service in Maldives

"Witnessed signing of MoU between (the) National Payments Corporation of India and (the) Minist…

PTI   


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2 mins read

Russia is turning to crypto as sanctions snarl payments, report says

Russia could start cryptocurrency exchange trails as soon as next month, in order to solve payment …

Filip De Mott   


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2 mins read

De-dollarized payment systems are cropping up. Here's why they're unlikely to dent greenback dominance.

"The emergence of the technological capacity to drive de-dollarisation does not necessarily mean de…

Filip De Mott   


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3 mins read

Russia pitches trading centers in a widening plan to move away from the US-dominated global financial order

Heavily-sanctioned Russia is a commodity giant and a major producer of oil, natural gas, gold, and …

Huileng Tan   


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3 mins read

India's digital economy poised to constitute 1/5th of GDP by 2026, highlights RBI report

Several enabling forces have come together to energise this revolution. Although internet penetrati…

PTI   


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4 mins read

India to see retail digital payments to double to USD 7 tn by 2030: Report

Millennials and Gen X are leading in the adoption of all types of digital payment instruments.

PTI   


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4 mins read

Charissa Cheong   


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4 mins read

RBI announces digital payments intelligence platform to check online frauds

In a bid to bolster the safety and security of digital payments and enhance regulatory frameworks, …

ANI   


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2 mins read

China's trade with Russia is getting so difficult that payments can take half a year and most bank transfers are returned

Chinese banks are tightening compliance checks, fearing repercussions from Western sanctions.

Huileng Tan   


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2 mins read

Western sanctions are so tight that Russia and China could soon use an ancient trading system. It's worked before.

Due to US secondary sanctions, Chinese banks are now extremely cautious about processing payments f…

Huileng Tan   


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4 mins read

Tap your ring or watch to pay! Wearable payment devices are a reality, but challenges remain

Technology has transformed every aspect of our lives, and payments are no different. From debit and…

Business Insider Latest Story Image
1 min read

Dedollarization suffers a blow as the greenback's share in global payments hits a record high

The international drive to end the dollar's dominance has suffered a blow, with the greenback's rol…

Zahra Tayeb