PayPal Revolutionizes Crypto Payments with New Settlement Tool In a groundbreaking move, PayPal is set to transform the world of cryptocurrency payments with the introduction of a new settlement tool. Leveraging partnerships and its World Wallet alliance, the digital payment giant is paving the way for seamless cross-border transactions in the realm of digital assets. […]
US trade groups fight new payment app rules
US Trade Groups Challenge New US Rule Extending Regulatory Oversight to Payment Apps Trade groups representing tech giants have recently taken legal action to block a new US rule that extends regulatory oversight to payment apps and digital wallets such as Apple Wallet and Google Pay. The move comes as a response to what they […]
Wise Implements Anti-Money Laundering Controls After Regulatory Review
In a landmark decision, Wise, a global leader in fintech, has instituted rigorous anti-money laundering (AML) controls following a stringent review by the Belgian National Bank. This regulatory oversight highlighted significant deficiencies in Wise’s customer verification processes, particularly regarding proof of address. The implications of this review extend beyond compliance; they signal a crucial pivot […]