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PayPal Opts to Hit Pause on Developing its Own Stablecoin

PayPal Opts to Hit Pause on Developing its Own Stablecoin - Industry Tap ....

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Unified Payments Interface (UPI) makes India a global leader in next-generation real-time payments infrastructure - FIS' 2023 Global Payments Report

Read more about Unified Payments Interface (UPI) makes India a global leader in next-generation real-time payments infrastructure - FIS' 2023 Global Payments Report on Devdiscourse ....

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Unified Payments Interface (UPI) makes India a global leader in next-generation real-time payments infrastructure

Mumbai (Maharashtra) [India], March 24 (ANI/PRNewswire): With Cash use declining from 71 percent of POS transaction value in 2019 to just 27 percent in 2022, India has emerged as a global leader in payments with the development of its next-generation real-time payments (RTP) infrastructure, the Unified Payments Interface (UPI), helping E-commerce account-to-account (A2A) payments grow to USD 12 billion, up 53 percent from 2021 to 2022 and digital wallets growth from 5 percent to 35 percent of POS value, according to a new report released today from global financial technology leader FIS (NYSE: FIS). ....

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Account-to-Account Payments Set to Revolutionize Shopping, with E-commerce Payments Reaching $525 Billion Globally: Worldpay from FIS 2023 Global Payments Report

Key facts

Emerging trend: Account-to-account payments continued to gain momentum in 2022 to account for US$525 billion in global e-commerce transaction value.

Global forecast: Global e-commerce. | March 23, 2023 ....

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PayShap - South Africa's first rapid payments programme launched

This week, the South African Reserve Bank (SARB) announced the launch of PayShap, a real-time rapid payment platform that is aimed at offering safer, faster and significantly more convenient payment options for South Africans. PayShap is the outcome of an industry-spanning collaboration, driven by BankservAfrica, the Payments Association of South Africa and the South African banking community, with the aim of modernizing the national payments industry. It is rooted in the SARB's Rapid Payments Program, as part of its Vision 2025 strategy to reform the South African national payment system framework. ....

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