UPI Is Set to Add Biometric Authentication for Real-Time Payments
India’s Unified Payments Interface (UPI) is launching a feature that allows users to approve payments using a fingerprint or facial scan. Previously, shoppers were required to enter a PIN to authorize transactions. However, the Reserve Bank of India (RBI) has requested an alternative authentication method to make UPI transactions faster and more secure for users […]
BNY Mellon Explores Tokenized Deposits for Internal Transactions
BNY Mellon is exploring the use of tokenized deposits to enable its institutional clients to make payments over blockchain rails. As the world’s largest custodian by assets, BNY’s treasury services unit processes roughly $2.5 trillion in payments each day and oversees about $55.8 trillion in assets. Tokenized deposits share many characteristics with stablecoins, offering the […]
2026 and Beyond: Charting the AI Roadmap in Payments
There’s hardly a discussion about the future—of business, technology, or society—that doesn’t include artificial intelligence. With so much noise surrounding it, some may be tempted to dismiss AI as just hype. Yet, it has the potential to be the transformational innovation it’s promised to be—provided organizations have the right people, processes, and infrastructure in place. […]
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 […]
Walmart’s OnePay Adds Crypto Trading to Its Burgeoning Resume
OnePay has made significant enhancements to its services since Walmart took a majority stake in the company, and now the fintech is expanding further by adding crypto trading to its platform. According to CNBC, OnePay customers will be able to trade bitcoin and ether as early as this year through a partnership with crypto firm […]
Market Changes and FICO Scores
Credit cards are better than cash. You can spend more than you have and set all your repayment terms, as long as they are more than 3% per month. They can also be used virtually anywhere. Their ubiquity comes from the technologies behind them and their widespread acceptance. Since the late 1950s, companies operating behind […]
The Continued Tokenization of Real-World Assets Is Inevitable, Says Robinhood CEO
Tokenization has gained increasing traction in the financial services industry in recent years, but Vlad Tenev, CEO of Robinhood, believes this is just the tip of the iceberg. Speaking at a crypto conference in Singapore, Tenev described tokenization as a “freight train” that will “eat the entire financial system.” He highlighted several forces driving this […]
In the Exit Row: Barclays Leaves Two Airline Cards, Shifts Focus to GM
Barclays is exiting its cobranded airline credit card partnerships with both American Airlines and Hawaiian Airlines. Citibank, which has been American’s primary card issuer for nearly four decades, is taking over the entirety of that business, while Hawaiian’s portfolio is being integrated into Alaska Airlines’ unified Atmos Rewards program. These shifts leave Barclays with only […]