Newsazenplay.comNPCI introduced UPI Tap & Pay, an NFC-based payment feature for point-of-sale transactions in India. The launch expands UPI beyond QR-code payments into contactless in-store acceptance.
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Payments & fintechSky News reported that major UK banks are launching an equity raise to fund a new domestic payments infrastructure provider. The company could evolve into an alternative to Mastercard and Visa in the UK market.
ACI Worldwide said nearly half of banks and fintechs are already using or piloting stablecoins for cross-border transfers. The report framed stablecoin adoption as a way to reduce transfer costs and speed up international payments.
UK banks began a fundraising effort to create a new domestic payments infrastructure that could compete with card-network rails. The initial target was around £50 million from banks, lenders, and payment services providers.