Visa announced on Tuesday that it has begun testing a new system, which enables businesses to fund cross-border payments using stablecoins instead of pre-depositing cash into local accounts. The pilot, enabled through real-time payments platform Visa Direct, reflects how digital tokens are gaining traction among major financial players. “Cross-border payments have been stuck in outdated systems for far too long,” Chris Newkirk, Visa’s president for commercial & money movement solutions, said in a stateme ...

Corpay and Mastercard have further expanded their partnership, enabling near real-time payments to 22 additional markets across Asia, Europe, the Middle East, Africa, and Latin America. The development was disclosed at the Sibos conference in Frankfurt, Germany. The partnership leverages Mastercard Move's network to provide faster cross-border payments. Corpay Group Cross-Border Solutions group president Mark Frey said: “Through our expanded collaboration with Mastercard, we are advancing the future of c ...

Visa said on Tuesday it will start testing a new way for businesses to fund international payments by allowing them to use stablecoins instead of pre-depositing cash in local accounts. ...

Visa introduced its Commercial Solutions (VCS) Hub, designed to offer issuers and FinTechs new commercial payment tools.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.“Visa is not just modernizing commercial payme ...

The deal put it at the forefront of AI-powered commerce.PayPal (PYPL 3.51%) has been trying to turn around its business for years, but its new partnership with Alphabet (GOOGL -1.03%) (GOOG -1.17%) has the potential to be a game-changer. With this partnership, it will change now be at the forefront of artificial intelligence (AI)-powered commerce.As part of the deal, PayPal will become the primary payments processor across Google Cloud, Google Ads, and Google Play. Its branded checkout and payment services ...

Previous Fourth Turnings had the decency to unfold over decades. This one’s happening at internet-fueled hyperspeed . The CEO of Anthropic — a company that makes artificial brains smarter than actual brains — said half of all entry-level white-collar jobs could vanish in one to five years .Here’s where it gets fun, and by fun I mean terrifying in that special way that makes you laugh because crying would be undignified.The old money always dies. The new money always seems brilliant. Then, 80 years later, th ...

PayPal Holdings, Inc. (NASDAQ:PYPL) ranks among the most undervalued NASDAQ stocks to buy now. On September 15, PayPal Holdings, Inc. (NASDAQ:PYPL) unveiled PayPal links, a new tool that enables users to transfer and receive money using customized, one-time links that may be shared on multiple messaging apps. Additionally, PayPal Holdings, Inc. (NASDAQ:PYPL) announced plans to incorporate cryptocurrency directly into its peer-to-peer payment system. This will enable users in the United States to send cry ...

Welcome back. As we continue to monitor uncertainty around tariffs, inflation, the labor market, how's the consumer holding up. Here to discuss is Mastercard Economic Institute's chief economist, Michelle Meyer.Recently releasing a forecast for the holiday season, expecting retail sales to grow by 3.6%. Welcome. It's good to have you.>> Thank you. Good to be here. >> So, how does that compare 3.6%.What does it say about where we are in consumer spending. >> It's pretty a solid growth rate. Um, and actually ...

Key Takeaways Mastercard is bringing near-real-time cross-border payments to 22 new markets.Cross-border payments are projected to reach $250 trillion by 2027.MA's Cross-border volumes grew 15% YoY in Q2, showing momentum in international transactions.Mastercard Incorporated (MA) has recently expanded its partnership with Corpay, a payments software and services provider, to bring its near real-time cross-border payments into 22 additional markets in Asia, Africa, Europe, Latin America and the Middle East. ...

Mastercard is expanding its longtime partnership with corporate payments firm Corpay.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.The two companies now allow corporations, small businesses and financial institut ...