Browsing: payments

Large retailers like Walmart and Amazon may develop their own cryptocurrencies to bypass traditional payment systems, potentially disrupting the banking industry.

The Open Network Foundation (TON Foundation) has appointed former Visa executive Nikola Plecas as its new vice president of payments to shape and execute TON’s payment infrastructure strategy.

Visa Inc. CEO Ryan McInerney states that the rise of AI shopping agents will drive changes in advertising and payments

The UK’s Co-op and ACI Worldwide have announced an extension of their payments technology partnership, continuing their collaboration on in-store, online, and mobile payment processing.

The collaboration between DLocal and Temu aims to reduce cart abandonment rates in Africa, Asia, and Latin America.

Cino, a European startup, has raised €3.5 million to expand its real-time bill-splitting app to the U.K., aiming to eliminate the awkwardness of shared expenses for Gen Z.

Payments giant Stripe highlights the rapid growth of AI startups in its annual letter, pointing to faster revenue milestones compared to SaaS companies and strong payment volume growth.

Stripe’s co-founders attribute the company’s impressive growth in 2024 to investments in AI and ML, as revealed in their annual letter. The company’s payment volume reached $1.4 trillion.