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Ant International Brings Iris Recognition to Smart Glasses Payments

Ant International Brings Iris Recognition to Smart Glasses Payments

Hey Payments Fanatic! Ant International has added iris authentication features to Alipay+ GlassPay, its AR glasses-embedded payment solution, through partnerships with smart glasses producers Xiaomi and Meizu. Currently, Alipay+ GlassPay integrates multi-modal biometric verification measures. With the new feature, tested on AlipayHK, merchants and service providers can offer a more

Cashback Is Coming to Your Debit Card

Cashback Is Coming to Your Debit Card

Hey Payments Fanatic! With the younger crowd in mind, Venmo launched a new rewards program for debit cards. Named Venmo Stash, it tries to cater to Gen Z's spending behavior. According to research, they favor debit cards over other forms of payment. In the new program, customers earn

Bank of England Eases Outlook on Stablecoins in New Proposal

Bank of England Eases Outlook on Stablecoins in New Proposal

Hey Payments Fanatic! The Bank of England has published a consultation paper proposing that issuers of widely used stablecoins be allowed to invest up to 60% of the assets backing them in government debt. A previous 2023 proposal had been criticized for requiring issuers to hold all of their assets

Visa, Mastercard Near Settlement in Merchant Fee Fight

Visa, Mastercard Near Settlement in Merchant Fee Fight

Hey Payments Fanatic! Visa and Mastercard are nearing a settlement with merchants by lowering the fees stores pay and giving them more power to reject certain credit cards, according to The Wall Street Journal. The deal would trim interchange fees by an average of about a tenth of a percentage

Ripple and Mastercard Unite For Stablecoin-Based Card Payments

Ripple and Mastercard Unite For Stablecoin-Based Card Payments

Hey Payments Fanatic! Ripple, Mastercard, WebBank, and Gemini are teaming up to test stablecoin-based settlement for credit card transactions. Unveiled at Ripple’s Swell 2025 event, the pilot could be one of the first times a regulated U.S. bank (WebBank) settles fiat card payments with a stablecoin on a

Stripe Goes Biometric with NEC’s Face Payment Tech

Stripe Goes Biometric with NEC’s Face Payment Tech

Hey Payments Fanatic! Stripe is teaming up with NEC — a seasoned player in biometric payments — to let customers pay with their face. The partnership integrates NEC’s face-recognition technology into the Stripe Reader S700 terminal, with a live demo scheduled at the Singapore FinTech Festival next week. The goal is

UPI's Best Month Ever: Here Are the Numbers

UPI's Best Month Ever: Here Are the Numbers

Hey Payments Fanatics! India just hit a notable UPI milestone. In October, the country logged a record 20.7 billion transactions, amounting to ₹27.28 lakh crore. That’s over $327 billion USD in digital payments processed in just one month. According to the National Payments Corporation of India (NPCI)