Global payments news, briefly.
What happened in payments this week, and why it matters. Free weekly briefing every Monday.
Topics: Cross-border · Domestic & real-time · Cards · Asia-Pacific · Regulation · Deals & funding
Regions: Americas · Europe · Asia-Pacific · Middle East & Africa · Events calendar
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Singapore Payments Network names Derek Chan as its first CEO
Derek Chan will lead the Singapore Payments Network, the MAS and ABS body that takes over governance of Singapore’s national payment schemes in early 2027.
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This week’s issue
The OCC writes the stablecoin rulebook, GCash lists in Manila, and Western Union moves remittances on-chain
Read the issue: The OCC writes the stablecoin rulebook, GCash lists in Manila, and Western Union moves remittances on-chainThe OCC finalises its GENIUS Act rule for stablecoin issuers, Western Union picks Noah to pay out remittances in its USDPT stablecoin, GCash parent Mynt lists after a record ₱60.9bn IPO, and Same Day ACH volume rises 36.7%.
Latest news
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Visa reports fiscal 2026 net revenue of $45.9 billion, up 15%
Visa’s net revenue rose 15% to $45.9 billion in fiscal 2026, and fourth-quarter cross-border volume excluding intra-Europe grew 14%.
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PayNet links Malaysian bank apps to Alipay+ QR merchants in five markets
Maybank, CIMB and Hong Leong Bank customers can now pay Alipay+ QR merchants in five Asian markets from their banking apps through a new PayNet link.
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Ripple wins final OCC approval for its national trust bank
The OCC gave Ripple final approval for Ripple National Trust Bank, which will hold the reserves behind its RLUSD stablecoin and offer digital asset custody.
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Visa and Mastercard face proposed £5bn UK interchange claim
Harcus Parker and Hausfeld filed collective claims at the Competition Appeal Tribunal seeking about £5bn for UK businesses over Visa and Mastercard consumer card interchange fees.
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Tech Mahindra signs Mastercard B2B payments deal after buying Finastra cash suite
Tech Mahindra will build Mastercard virtual cards into corporate ERP and procurement systems, three days after buying Finastra’s cash management and virtual accounts products.
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PayTabs signs MoU to buy Saudi payment firm SeaPay for SAR 35 million
PayTabs Group agreed to buy SAMA-licensed SeaPay from Arab Sea Information Systems for SAR 35 million in cash and shares, subject to due diligence and regulatory…
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The week in payments, every Monday
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