Latest Payments News: Finextra Research

Singapore to test interoperable QR Code scheme

The Monetary Authority of Singapore (MAS) is launching a proof of concept (POC) for an interoperable Singapore Quick Response Code Scheme (SGQR+).

31 October 2023

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Monzo and Starling among worst performers for APP fraud reimbursements

Monzo and Starling are among the lowest scoring firms for reimbursing victims of authorised push payment fraud, according to 2022 data published by the Payment Systems Regulator.

31 October 2023

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More than a quarter of Brits using BNPL - FCA

As new research shows that more than a quarter of Brits have used BNPL in a six-month period, the FCA has agreed deals with two firms - PayPal and QVC - to make their contract terms easier to understand.

31 October 2023

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Aussie university pilot offline CBDC

Students at Australia's Southern Cross University have been piloting the use of a CBDC to pay for goods and services offline at on-campus vendors.

30 October 2023

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UK fintech Railsr secures $24m in funding

Railsr, the UK-based embedded finance startup, has pulled in $24m in its latest series of fundraising.

30 October 2023

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Elon Musk wants X to replace users' bank accounts within a year

Elon Musk wants X to manage users' "entire financial life" so that they "won't need a bank account" by the end of next year.

27 October 2023

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Swedish unions threaten Klarna strike

BNPL giant Klarna is facing a possible strike by employees at its Swedish headquarters next month.

27 October 2023

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Deutsche Bank and Standard Chartered pilot network for stablecoins and CBDCs

Deutsche Bank and Standard Chartered have carried out the first digital currency transfer and swap on the new Universal Digital Payments Network (UDPN).

26 October 2023

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Fed confirms plan to slash debit card fees

The Federal Reserve has proposed lowering the debit interchange fees banks can charge merchants by nearly 30% and reviewing the cap every two years.

26 October 2023

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Multi-currency wallet YouTrip raises $50 million

YouTrip, the provider of a multi-currency digital wallet in Singapore, has raised $50 million Series B financing.

26 October 2023

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Curve issues first credit card

All-in-one card app Curve has launched its first ever credit card in the UK, providing users with protection against problem purchases even when using a debit card.

26 October 2023

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Sepa payment schemes ISO 20022 migration delayed

The European Payments Council has postponed the migration of Sepa payment schemes to the 2019 version of ISO 20022 by four months, to March, after concluding that "at least two large Sepa countries" couldn't be guaranteed to make the original November deadline.

25 October 2023

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