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New Era for Payments in Somalia: Somalia Payment Switch Launches Instant Payment System

The Fintech Times

The Somalian financial ecosystem has taken its next step in the digital world as the Central Bank of Somalia’s (CBS) payments initiative, the Somalia Payment Switch (SPS), has successfully launched the country’s first instant payment system.

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EPI signs ‘landmark’ agreement with European domestic payments brands for cross-border in-store mobile payments

NFCW

The two parties to the deal are EPI , the European Payments Initiative, and the European Payments Alliance (EuroPA). EPI is the bank-led organisation responsible for building Wero , a unified mobile payments service for Europe.

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European Payments Alliance Takes Step Towards Enabling Seamless Transactions Across the Continent

The Fintech Times

The European Payments Alliance , the initiative aiming to build a pan-European payment service, has taken another step towards achieving its goal, as five firms have agreed to explore a shared cross-border payments solution.

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Tink Hits 10,000 Merchant Milestone for Open Banking Payments

Fintech Finance

Tink, A Visa Solution, the market-leading open banking platform, has announced that 10,000 merchants have now chosen Pay by Bank via its Payment Service Provider (PSP) partnerships. Merchants are recognising the growing consumer demand for alternative payment solutions.

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Finovate Global: Boku’s Stuart Neal Talks About Local Payment Methods, EPI, and More!

Finovate

A champion of payment choice, Boku supports a global network of localized payment solutions, including Direct Carrier Billing (DCB), digital wallets, and account-to-account connections. Local Payment Methods (LPMs) have proliferated around the world over the past decade. Founded in 2008, Boku is headquartered in London.

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Digital Payment Wallet Wero Arrives in Luxembourg

Fintech Finance

European Payments Initiative (EPI) , the European-grown player committed to offering a sovereign payment alternative to all consumers in Europe, announced today the onboarding of 5 local Luxembourg banks as members, now preparing for the launch of the Wero wallet and instant A2A payment solution.

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Pix Automático is Here: How Are Firms Preparing for Recurring Payment Changes in Brazil

The Fintech Times

The evolution of Pix to support recurring payments, a key step for sectors like streaming and online platforms. Mexico, Colombia and others still only support single-use instant payments, with no framework in place for recurring use cases. Most other LatAm systems, however, aren’t even close.