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Hey Payment Fanatic! The Eurosystem has just announced a major update that will allow instant cross-currency payments in euro, Swedish kronor, and Danish krone through the Tips (Target Instant Payment Settlement) platform. This means payments made in one currency can now be settled in another, using central bank money—making

Hey Payments Fanatic! HSBC just introduced a virtual account solution for banks globally. This move allows e-commerce merchants to receive payments in EUR and GBP directly into their local bank accounts—no more cross-border headaches or foreign exchange costs. In the past, businesses in certain regions could only access EUR

Hey Payment Fanatic! Thunes has launched its QR Code Payments solution, transforming how foreign travelers can pay in China. This innovation allows mobile wallets, neo-banks, and financial app users to seamlessly connect with China's popular payment systems like e-CNY, Alipay, and WeChat Pay, simply by scanning QR codes.

Hey Payment Fanatic! At the annual Sibos conference in Beijing, Mastercard introduced Mastercard Move Commercial Payments, a solution that will transform commercial cross-border payments for banks and their business customers. Mastercard’s new solution offers near real-time, predictable payments with complete transparency. Banks now have a tool to optimize liquidity,

Hey Payments Fanatic! Starting today, Cash App and Lyft are partnering to make payments even easier for digital-first riders. With Cash App Pay now integrated into Lyft’s app, riders can pay for their trips without entering card details—just link Cash App and go. This partnership caters to Gen

Hey Payment Fanatic! Klarna, the AI-powered global payments network and shopping assistant, has just landed on Apple Pay, bringing its flexible payment options to even more users across the U.S. and U.K. Whether you're shopping online or in an app, you can now split your purchases

Hey Payment Fanatic! Swift is stepping up the game in fraud prevention with its latest AI-enhanced fraud detection service, set to launch in January 2025. After a successful pilot, this new feature promises real-time detection of suspicious transactions by analyzing billions of data points across Swift's vast network.