article thumbnail

The Stablecoin Revolution in Remittances

Finextra

Fiat-backed token launches : Bank of America, Standard Chartered, PayPal (PYUSD), Revolut, and Stripe are joining the “stablecoin gold rush,” targeting cross-border remittances. Hong Kong & offshore RMB : New stablecoin licensing effective August 1, with JD.com & Ant pushing RMB-backed stablecoins to challenge USD dominance .

article thumbnail

Firms agree to fund efforts to create new company to deliver the initial phase of work for commercial variable recurring payments  

Open Banking

Nationwide 27. TrueLayer 6. NatWest Group 28. Vanquis (including Snoop) 7. Fumopay 18. Neonomics/Ordo 29. GoCardless 19. obconnect 30.Wonderful Wonderful 9. Lloyds Banking Group 21. Mastercard Open Banking Services UK 22.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Payoneer CEO sees trade bumps as short-term

Payments Dive

Recommended Reading Mastercard, PayPal mull stablecoins for B2B payments By Lynne Marek • April 2, 2025 Remitly, Payoneer cross-border payments climb By Lynne Marek • Nov. The trade turmoil is “a short-term headwind but an extraordinary long-term tailwind for our firm,” Caplan said at the conference.

article thumbnail

Best New Fintech Products & Trends of 2024

Fintech Labs Insights

Table: The Best Fintech Product Launches of 2025 & 2024 Summary Company Date Product Sector Source Market/HQ Ramp launches treasury management product paying 2.5% mo Klarna 24 Jan 2024 BNPL Consumer CNBC Klarna is first BNPL serices with subscription ($7.99/mo)

Product 12
article thumbnail

Largest 30 Banks & Credit Cards for Small Business (SMB) Feb 2025

Fintech Labs Insights

17 Cards/Payments 1 PayPal 341 2 Shopify 157 3 American Express 84 $1192 4 Square 50 Source: FintechLabs, 13 Feb 2025; SimilarWeb, SEMRush, Federal Reserve Website traffic for #1-15 Jan 2025, traffic for others is April 2024 Website traffic is the consensus number of monthly visits according to Similarweb and SEMRush. 209 17 Key Bank 7.8 $187

article thumbnail

PayPal CEO Shulman: Consumers Moving To Digital Currency In Droves

PYMNTS

Consumers are moving to digital payments and cryptocurrency in droves, and it’s inevitable that more central banks will issue digital forms of currency, PayPal CEO Dan Schulman said in a televised interview on Monday (Nov. Paxos, PayPal’s partner, operates itBit. 23) Benzinga report.

article thumbnail

PayPal Boosts Xoom’s Money Transfer Capabilities In US

PYMNTS

PayPal is upping its mobile payments game. PayPal on Thursday (Nov. already use the digital payments service at least once a month to send money to family members and other people, according to PayPal. More than a third of Xoom users across the U.S. By giving more power to Xoom customers to transfer money in the U.S.,

PayPal 105