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Hey Payments Fanatic, Elon Musk’s plan to add payments to X is facing setbacks. The company has failed to secure approval from New York’s financial regulator, preventing a U.S.-wide rollout. Over the past 12 months, several executives have also left the payments unit, X Money, including

Hey Payments Fanatic! PhonePe is gearing up for an IPO, aiming for a $10-12 billion valuation, and is likely to file by the end of September. Around 10% of its equity may be offered for sale, alongside fresh capital, with the IPO expected at $1.2-$1.5 billion and

Hi Payments Fanatic! Chinese payments giant Alipay has been fined €214,000 by Luxembourg’s financial regulator for “serious” anti-money laundering breaches. The penalty follows an on-site inspection by the CSSF between June 2023 and January 2024. The regulator flagged failures in transaction monitoring, reporting suspicious activity, verifying customer identities,

Hi Payments Fanatic!  Let’s do a quick quiz to see how much you know about Payments 😉 What is the most trusted payment method globally?  A) Local payment methods B) Credit cards C) Digital wallets D) Debit cards Get your answer here! And let me know in the comments below

Hi Payments Fanatic! Over the weekend, I came across a fantastic podcast I highly recommend. 🎧 It’s from Rex Salisbury, featuring Denise Leonhard, Head of Zelle at Early Warning. She talks about her journey from Amex and PayPal to running one of the largest real-time payment networks in the U.