Payments News
Today, UnionPay International (UPI) and Payments Network Malaysia Sdn Bhd, or PayNet, Malaysia's national payments network jointly signed an agreement in Shanghai to promote the cross-border QR code linkage and enable the full acceptance of the UnionPay App (Chinese-mainland, Hong Kong and Macao versions) and Chinese-mainland bank apps connected to the UnionPay App Network Payment Platform at the QR merchants in Malaysia.
UnionPay International has partnered with Malaysia-based Payments Network Malaysia ( PayNet ) to enable cross-border QR code linkage
Global fintech SumUp has entered a USD 100 mln credit facility with Victory Park Capital (VPC) to accelerate its merchant Cash Advance product
The US Federal Reserve is setting up a new supervisory unit to cover 'complex' technology partnerships between banks and non-banks, crypto activities, and the implementation of blockchain technologies.
Paytech company payabl
The UK Government is to explore the use of open banking driven digital payments for public services.
