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Pix Surpasses 6 Billion Monthly Transactions

Pix Surpasses 6 Billion Monthly Transactions

Hey Payments Fanatic! Brazil's Pix payment system processed 64 billion transactions in 2024, marking a 53% year-over-year increase and surpassing combined credit and debit card volumes by 80%. According to Matera's latest Pix by the Numbers report, the system hit a record 252.1 million transactions

Visa Brings Apple Pay to Egypt 🇪🇬 for Seamless Digital Payments

Visa Brings Apple Pay to Egypt 🇪🇬 for Seamless Digital Payments

Hey Payments Fanatic! Visa has launched Apple Pay in Egypt, bringing digital payment capabilities to Egyptian customers across multiple platforms. The service enables contactless payments in stores through iPhone or Apple Watch, secured by Face ID, Touch ID, or device passcode along with a one-time dynamic security code. Malak El

American Express Fined $230M Over Deceptive Sales Practices

American Express Fined $230M Over Deceptive Sales Practices

Hey Payments Fanatic! American Express is shelling out $230 million to settle U.S. criminal and civil probes into misleading sales tactics targeting small businesses. The deal includes a $138.4 million payment—with $108 million in fines—and a non-prosecution agreement with the Department of Justice (DOJ). Amex is

Apple is in talks with two new partners to take over Apple Card

Apple is in talks with two new partners to take over Apple Card

Hey Payments Fanatic! Apple is in discussions with Barclays and Synchrony Financial to potentially replace Goldman Sachs as its credit card partner. The talks come as Goldman Sachs CEO David Solomon indicated their partnership, originally set to run until 2030, might end earlier than planned. Several financial institutions are competing

Airwallex Expands into Latin America with Strategic Moves in Brazil and Mexico

Airwallex Expands into Latin America with Strategic Moves in Brazil and Mexico

Hey Payments Fanatic! Airwallex has secured major regulatory approvals in Latin America, obtaining a payment institution license from Brazil's Central Bank and finalizing the acquisition of Mexico-based MexPago, along with its IFPE license. These moves enable Airwallex to connect its global financial infrastructure with Latin America's

Yuno Partners with PayPal to Enhance Payment Orchestration Capabilities

Yuno Partners with PayPal to Enhance Payment Orchestration Capabilities

Hey Payments Fanatic! Payment orchestration platform Yuno has announced a partnership with PayPal, enabling Yuno-powered merchants to integrate PayPal's payment solutions into their checkout experience. This collaboration allows merchants to tap into PayPal's global network while offering customers secure and flexible payment options. Catherine Kaupert, Global

MoonPay Acquires Helio for $175M to Dominate Crypto Payments Space

MoonPay Acquires Helio for $175M to Dominate Crypto Payments Space

Hey Payments Fanatic! MoonPay has acquired blockchain payment processor Helio for $175 million, its largest acquisition to date. Helio, launched in 2022 on the Solana blockchain, provides on-chain payment solutions for platforms including Shopify, Discord, and SolanaPay. Ivan Soto-Wright, Co-founder and CEO of MoonPay announces: "Today, I've