In a significant move to enhance the user experience in the cryptocurrency space, Coinbase Wallet is set to roll out a tap-to-pay feature for cryptocurrency payments. This new solution aims to compete directly with established digital payment services like Cash App, Venmo, and PayPal, providing users with a seamless and efficient payment option. As announced […]
Jio Financial Expands with New Payment Aggregator License
In a significant move for the digital payments landscape in India, Jio Payment Solutions, a subsidiary of Mukesh Ambani’s Reliance Group, has received approval from the Reserve Bank of India (RBI) to operate as an online payment aggregator. Starting from October 28, this new license enables the company to facilitate various digital transactions, including credit […]
Central Bank of Norway Decides on CBDC by 2025
In a world increasingly moving towards digital finance, central banks are taking steps to adapt. Norway stands at a pivotal point in this transition, given its status as one of Europe’s most cashless societies. The Central Bank of Norway, known as Norges Bank, is poised to make a significant decision regarding the introduction of a […]
PayPay Rolls Out Digital Wage Payments Amid Japan's Cashless Drive
Japan’s move towards a cashless society reached a milestone with the introduction of digital wage payments through PayPay, a widely-used QR-code payment application. This initiative, approved by the government, permits employees to receive part of their salaries in a digital format, reflecting a significant shift in how wage distribution can evolve in today’s economy. Effective […]
India Launches Ambitious Global Digital Payments Initiative Based on UPI
India is stepping up its efforts to establish a global digital payments ecosystem, leveraging its successful Unified Payments Interface (UPI). Collaborations are in the works with numerous nations across Africa and South America, with aspirations to launch two robust digital payment systems by early 2027. Ritesh Shukla, the CEO of NPCI International Payments Ltd (NIPL), […]
Visa Aims to Transform Digital Payments in Pakistan
In a bold initiative aimed at enhancing the financial landscape of Pakistan, Visa has set its sights on exponentially increasing the acceptance of digital payments within the country. This strategic plan, articulated by Visa’s general manager for Pakistan, North Africa, and Levant, Leila Serhan, seeks a tenfold expansion over the next three years through a […]