The Bank of Canada has ordered payments firm XTM to cease operations amid shocking revelations that millions of dollars have vanished from customer accounts, Bloomberg reports. Authorities are now launching a comprehensive investigation into the company’s financial irregularities
Goodbye, checks? A compelling new report from the Library of Congress explores the rapid decline of check payments in Germany and the U.S., uncovering how evolving consumer habits and the rise of digital alternatives are revolutionizing payment methods in both countries
PayPal CEO proudly announced that India’s UPI has become the platform’s very first onboard payments system partner, marking a groundbreaking milestone in revolutionizing digital payment integration for seamless and effortless transactions throughout the Indian market
Australia is quickly leaving cheques behind as digital payments take the spotlight. This exciting shift marks a revolutionary move toward faster, safer transactions, signaling the dawn of a new era free from paper-based payments nationwide
A recent power outage in Spain and Portugal caught many card users off guard, as electronic payment systems came to a standstill. With businesses unable to process transactions, customers found themselves scrambling for cash, shining a spotlight on the vulnerabilities within the region’s infrastructure.
The Chair of the UK’s Payment Systems Regulator has described the potential abolition of certain regulations as a “pragmatic next step.” This move aims to streamline payment processes and enhance innovation within the sector, signaling a shift towards modernized financial systems.
