US Shutdown: Trump demands ACA payments go straight to Americans; hits at ‘fat cat’ insurers and Obamacare

US President Donald Trump has escalated his attack on the Affordable Care Act (ACA), urging Republicans to divert federal healthcare payments directly to Americans instead of insurance companies, as the ongoing government shutdown marks its longest stretch in US history.In a new post on Sunday, Trump repeated his demand that Republicans stop sending what he […]

Game Developers Can Now Capture More Holiday Demand With Xsolla's Expanded Payments Portfolio

Business Wire India Xsolla, a global video game commerce company that helps developers launch, grow, and monetize their games, today announced new local payment methods across key markets in Europe, Asia, Africa, and Latin America. Timed for the peak holiday season, this expansion helps developers reduce friction at checkout and convert seasonal demand into long-term […]

UPI rush: Digital payments hit lifetime high of Rs 27.3 lakh crore in October; India logs 20.7 billion transactions in 1 month

Riding on the festive shopping wave, Unified Payments Interface (UPI) transactions soared to an all-time high of Rs 27.28 lakh crore in October, clocking 20.7 billion transactions, according to data from the National Payments Corporation of India (NPCI), reported PTI.This marks a 9.5% month-on-month rise in transaction value from Rs 24.9 lakh crore in September […]

Uzbekistan's National Payment System HUMO and Ant International's Alipay+ Partner to Facilitate Cross-Border QR Payments

Business Wire India   HUMO will be the 10th national QR network to partner with Alipay+, enabling its network of Uzbek digital payment apps to make cross-border QR payments across Alipay+’s global merchant ecosystem. The Octomobile app by Octobank, supported by HUMO, will be the first Uzbek e-wallet to be integrated with Alipay+, with more […]

Geoswift Integrates with Circle Payments Network to Offer Stablecoin-Powered Real-Time Settlements in Cross-Border Payments

Business Wire India   Geoswift, a leading provider of cross-border payment services and solutions globally, today announced its integration with Circle Payments Network (CPN). Geoswift integrates its banking infrastructure with stablecoin-powered settlement system, enabling real-time, compliant, and cost-efficient B2B payments worldwide. Building on its role as an Originating Financial Institution (OFI) within CPN, Geoswift enables […]

Convera Executives Take the Stage at Money 20/20 USA to Share Vision for Secure, Borderless B2B Payments

Business Wire India Convera, a global leader in commercial payments, is on site at Money 20/20 USA this week as industry leaders gather to power the future of payments, fintech and financial services. From sessions on the global stage to the unveiling of dynamic data, Convera spotlights its mission to reimagine the future of business […]

Toll payments: NHAI to raise awareness about Monthly and Annual Passes; sets up signage boards for commuters

(Image credits: X @NHAI_Official) The National Highways Authority of India (NHAI) is stepping up efforts to make toll plaza operations more transparent and commuter-friendly by directing its field offices to prominently display details about the ‘Local Monthly Pass’ and the ‘Annual Pass’ at all toll plazas under its jurisdiction.Signage boards will be installed at prominent […]

‘Global tensions threat to cross-border payments’

MUMBAI: Geopolitical tensions pose a growing threat to cross-border payments, RBI said in its latest report on payments. The central bank warned that the global financial system’s dependence on centralised infrastructure and a few dominant settlement currencies makes it vulnerable to international conflict and sanctions.According to RBI, sanctions or restrictions on financial systems or currencies […]

Economy

Festive cheer, nil GST on health and life boost insurance payments by 35% y-o-y: Policybazaar

The festive season, coupled with the government’s recent decision to make health insurance GST-free, has provided a strong boost to India’s insurance market. According to an analysis by Policybazaar, insurance payments between September 22 and October 14 grew 14 per cent week-on-week and 35 per cent year-on-year, driven by festive spending and consumer preference for […]