Payments News
The Financial Conduct Authority has warned e-money firms operating in the UK that they will need to undertake a "significant shift in culture and behaviour" if they are to comply with new Consumer Duty rules.
Mastercard and Visa are set to face another multibillion-pound UK lawsuit over Multilateral Interchange Fees (MIFs), according to Sky News.
NAB Ventures has led a $30m Series A round in payments software and data analytics business, DataMesh Group, and is partnering with DataMesh to help transform the point-of-sale user experience for NAB business customers.
India and Singapore have linked their digital payment systems, UPI and PayNow to enable instant and low-cost transfers between the two countries
Stripe has launched an "enhanced issuer network": a set of partnerships with US card issuers designed to help businesses rescue fraud and boost authorisation rates.
Digital payments solution Obopay has partnered Mastercard to launch a prepaid card and boost financial inclusion for smallholder farmers and rural communities in India
