Colombia’s Instant Payments System Aims for Pix-Like Success
Colombia’s new instant payment system, Bre-B, is now live—modeled closely on Brazil’s highly successful Pix and developed in part by the same Latin American payments firm, EBANX. Early results are promising: more than 30 million people have already registered, representing 76% of Colombia’s adult population. The system also has strong federal backing. Soon, Bre-B will […]
PayPal Enhances BNPL Products Ahead of the Holidays
Celebrating the holidays is important to many consumers, but it can also be a source of financial stress. To help ease that burden, PayPal is expanding the capabilities of its buy now, pay later program and introducing cash back rewards on BNPL purchases. The company launched its pay-in-four installment loans five years ago and added […]
Is Visa’s Stablecoin Gambit a Tipping Point for Cross-Border Payments?
Many financial entities have entered the stablecoin arena in recent years, but Visa’s exploration of digital assets for cross-border payments could be a game changer. It marks the first adoption of a stablecoin by a major payment rail that already processes the lion’s share of international transactions. While this is an important step forward, stablecoins […]