Tag: payments
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UPI: India built a digital payments miracle. Now comes the bill.
India’s UPI may finally face merchant fees, raising questions over who pays and whether users will resist.
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UK diplomats no longer get hardship bonus for being posted to Buenos Aires
Civil servants are entitled to extra money for working in difficult or dangerous cities around the world.
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Rise of AI shopping pushes merchants to protect loyalty, Adyen says
Aug 13 : The increasing prevalence of AI chatbots handling consumer shopping is pushing merchants to uphold more direct customer relationships over fears of losing their loyalty and repeated purchases, payments firm Adyen said on Thursday.Traditionally, consumers have browsed, logged in and paid directly thro
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Global Payments cuts annual forecasts as Middle East conflict hits travel spending
Aug 5 : Payment technology company Global Payments cut its annual net revenue and profit forecasts on Wednesday amid economic uncertainty linked to the war in the Middle East. Shares of the company, which are up 14 per cent so far this year, fell about 2.7 per cent in premarket trading following results.
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India paves way for return of merchant fees on digital payments
NEW DELHI: India has moved a step closer to reintroducing merchant fees on transactions made through its popular Unified Payments Interface (UPI) after proposed changes to the country’s payments laws were introduced in parliament on Tuesday (Aug 4).UPI, one of the world’s largest real-time payments networks,
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Europe’s Eutelsat, SES set for $6 billion in US spectrum-clearing payments
(Corrects paragraph 3 to say SES’s premarket shares are seen up 8 per cent, not Eutelsat’s)July 27 : Eutelsat and SES stand to receive roughly $6.1 billion in combined payments for helping clear satellite spectrum for U.S. wireless services, they said on Monday.Eutelsat expects $504 million in pre-tax
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Indian payments firms oppose one-click UPI checkout proposal, citing competition risks
MUMBAI, July 23 : Several Indian digital payments firms have opposed a proposal that would allow merchants to store customers’ preferred Unified Payments Interface option for one-click checkouts, arguing it could entrench the dominance of the bigger payment apps.In a July 23 letter reviewed by Reuters, the co
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Stripe, Advent offer to buy PayPal for more than $53 billion, sources say
July 14 – Stripe and private equity firm Advent International have made a joint offer to acquire PayPal Holdings Inc for $60.50 per share, in a deal that would value the payments company at more than $53 billion, two people familiar with the matter said. The offer, submitted earlier this month, is backed by
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Exclusive-Stripe, Advent offer to buy PayPal for more than $53 billion, sources say
July 14 – Payments company Stripe and private equity firm Advent International have made a joint offer to acquire PayPal Holdings Inc for $60.50 per share, in a deal that would value the payments company at more than $53 billion, two people familiar with the matter said.The offer, submitted earlier this month
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Explainer-Europe’s digital euro: What it is and how it would work
MILAN, July 13 : Talks between the European Parliament, European governments and the European Commission on rules for a digital euro begin on Monday, three years after the legislation was first proposed. The negotiations aim to produce a final law by the end of the year, paving the way for the European Cen
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