Payments
OCBC aims to quadruple number of cross-border QR payments in 2024
OCBC announced on Tuesday (Mar 26) that it expects to facilitate 250,000 cross-border QR payments this year, four times the number of such transactions in 2023.The bank said in...
India’s Paytm wins payments approval it needs to stay in business
INDIA’S Paytm won approval to become a consumer digital payments platform, helping the beleaguered fintech continue a bulk of its business even as its banking affiliate is getting wound...
Australia’s top banker renews warning on Apple’s payments power
COMMONWEALTH Bank of Australia chief executive officer Matt Comyn renewed his warning on Apple’s power over the nation’s payments market, reigniting a years-long dispute about competition in a booming...
JPMorgan joins French payments fray in tie-up with Visa rival
JPMORGAN & Chase will join France’s Cartes Bancaires, giving the payment network more heft to compete with United States rivals Visa and Mastercard. The Wall Street giant was the...
India’s Paytm Payments Bank fined over US$662,000 for alleged money laundering
INDIA’S Financial Intelligence Unit (FIU) on Friday (Mar 1) imposed a penalty of US$662,565 on Paytm’s banking arm, Paytm Payments Bank, for alleged money laundering, the country’s finance ministry...
India’s Paytm discontinues inter-company agreements with its payments bank
INDIA’S Paytm and its payments bank unit have mutually agreed to discontinue various inter-company agreements in the process to reduce dependencies, the embattled payments firm said on Friday (Mar...
Healthcare providers hit by frozen payments in ransomware outage
HEALTHCARE providers across the US are struggling to get paid following the week-long ransomware outage at a key tech unit of UnitedHealth Group, with some smaller providers saying they...
Visa halts intermediated commercial card payments in India after regulatory order
VISA said on Wednesday (Feb 14) that the Reserve Bank of India (RBI), which is also the country’s financial market regulator, had directed it last week to halt all...
Crypto ransom attack payments hit record US$1 billion in 2023: Chainalysis
PAYMENTS from crypto-related ransom attacks nearly doubled to a record US$1 billion in 2023, blockchain analytics firm Chainalysis said on Wednesday (Feb 7). Scammers targeting institutions such as hospitals,...
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