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Affirm and Sixth Street Strike $4B Loan Partnership

Affirm and Sixth Street Strike $4B Loan Partnership

Hey Payments Fanatic! Buy Now, Pay Later (BNPL) company Affirm has partnered with private credit giant Sixth Street on a $4 billion, three-year loan deal—the largest in Affirm's history. Sixth Street will provide upfront capital for Affirm to issue short-term installment loans, with repayments reinvested to extend

Visa Direct Enables Instant Bank Transfers in Under One Minute

Visa Direct Enables Instant Bank Transfers in Under One Minute

Hey Payments Fanatic! Visa has just announced a major upgrade to Visa Direct - starting April 2025, funds transferred to U.S. bank accounts will be available within 1 minute or less. This enhancement reaches 99% of bank accounts in the US and over 11 billion endpoints globally, spanning cards,

Klarna Joins Apple Pay for Online and In-App Checkouts in Canada

Klarna Joins Apple Pay for Online and In-App Checkouts in Canada

Hey Payments Fanatic! Klarna has expanded its reach to Canada, becoming the first BNPL provider available through Apple Pay in the country. The service allows eligible Canadian users to access Klarna's payment options when checking out with Apple Pay online and in apps, offering four interest-free installments or

Vipps MobilePay Launches World’s First Apple Pay Alternative for iPhone

Vipps MobilePay Launches World’s First Apple Pay Alternative for iPhone

Hey Payments Fanatic! A significant shift is occurring in the mobile payments landscape as Norwegian payment service Vipps becomes the world's first company to launch a competing tap-to-pay solution for iPhone. This development follows the European Commission's July 2024 acceptance of Apple's legally binding

Paytm Sells PayPay Stake to SoftBank for $279.2M

Paytm Sells PayPay Stake to SoftBank for $279.2M

Hey Payments Fanatic! Paytm has reached an agreement to sell its stake in Japanese payments firm PayPay to SoftBank for $279.2 million, marking another strategic divestment following regulatory challenges in India earlier this year. The transaction adds to Paytm's recent restructuring efforts, which included the $246 million

Coinbase Commerce Joins Forces with Triple-A to Expand Crypto Payments

Coinbase Commerce Joins Forces with Triple-A to Expand Crypto Payments

Hey Payments Fanatic! Triple-A, a top licensed crypto payment provider for industries like fashion, luxury, travel, and gaming, has introduced a payment option tailored for Coinbase users. Soon, Coinbase users can make seamless payments at merchants in Triple-A’s global network, enjoying an upgraded crypto payment experience. This integration enables

Nuvei Launches Blockchain Payment Solution in LATAM

Nuvei Launches Blockchain Payment Solution in LATAM

Hey Payments Fanatic! Through strategic partnerships with Rain, BitGo, and Visa, Nuvei is introducing a system that enables LATAM merchants to leverage stablecoins, including USD Coin (USDC), for enhanced global settlement efficiency and reduced dependence on traditional payment infrastructure. The solution represents a fusion of traditional and innovative payment technologies,