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Marcel van Oost

China Urges Visa and Mastercard to Lower Transaction Fees for Foreign Card Acceptance

China Urges Visa and Mastercard to Lower Transaction Fees for Foreign Card Acceptance

Hey Payments Fanatic! China is actively encouraging Visa and Mastercard to reduce their transaction fees in the country. This initiative aims to facilitate payments for foreign visitors and enhance the acceptance of international cards among local merchants. The Payment & Clearing Association of China has been in discussions with global

Google Shuts Down GPay and P2P Payments in the US

Google Shuts Down GPay and P2P Payments in the US

Hey Payments Fanatic! As of June 4, 2024, Google has officially discontinued its GPay app and peer-to-peer payment services in the United States. This change follows an announcement made in February. The redesigned Google Pay, introduced in 2020 with the goal of simplifying money management and offering a mobile-first bank

Elon Musk Rushes to Debut X Payments Documents Show

Elon Musk Rushes to Debut X Payments Documents Show

Hey Payments Fanatic! Recent state license applications have unveiled new insights into Elon Musk's ambitious plans for X, previously known as Twitter. His vision aims to evolve the platform into an "everything app" by integrating a comprehensive payments network into its existing social media framework. Expanding

Stripe Eyes Another Employee Stock Tender

Stripe Eyes Another Employee Stock Tender

Hey Payments Fanatic! Stripe is likely to offer another employee stock tender soon, according to co-founder John Collison. In a conversation with David Rubenstein for an upcoming episode of Bloomberg Television’s “The David Rubenstein Show: Peer to Peer Conversations,” Collison hinted at another potential tender offer, marking the company’

iOS 18 will let you use Apple Pay on any browser on any PC

iOS 18 will let you use Apple Pay on any browser on any PC

Hey Payments Fanatic! Apple has announced that Apple Pay support at checkout will soon be available across all desktop web browsers on all platforms, including Windows. During the recent WWDC event, Apple introduced a new strategy to extend Apple Pay support beyond the Safari browser and the Mac OS ecosystem.

Visa and Mastercard's $30 Billion Settlement Hits Major Roadblock

Visa and Mastercard's $30 Billion Settlement Hits Major Roadblock

Hey Payments Fanatic! Visa and Mastercard's proposed $30 billion settlement, aimed at limiting credit and debit card fees for merchants, is facing potential rejection. U.S. District Judge Margo Brodie of Brooklyn indicated she is likely to disapprove the settlement, citing court records from a recent hearing. Judge&

eBay Launches Venmo as a Payment Option

eBay Launches Venmo as a Payment Option

Hey Payments Fanatic! eBay is enhancing its payment options by incorporating Venmo at checkout. This addition of a contemporary, widely-used payment method reflects the changing preferences of today’s tech-savvy consumers. Venmo, particularly favored by Gen Z and Millennials, allows users to pay using their Venmo balance, or their linked