Payments

Walmart India will partner with the PhonePe network to offer a mobile payment option at Walmart's B2B cash-and-carry stores.

The agency’s proposed changes to its standard for small-dollar loans will help ensure underbanked consumers still have access to credit. Concerns about predatory lending are overstated.

As blockchain and other emerging innovation pour into the B2B market, Bottomline Technologies believes bank collaborations with smooth deployment and user experience can lure anxious businesses away from checks.

Consumers are expressing an ever-increasing interest in making digital Person-to-Person payments to friends, families and even businesses for bills, shared expenses or temporary loans. Digital P2P payments are quickly beginning to displace other payment forms such as cash and checks due to their convenience and growing ubiquity.

The cross-border B2B payments startup is introducing a rewards program to help drive repeat usage and expand its network.

Visa and Mastercard plan to raise interchange while battles over those rates and other levies such as merchant surcharging rage on, setting the stage for extra merchant expense, consumer costs and even more squabbling.

Virtual cards are showing potential to streamline business transactions, attracting a business payment collaboration between Barclaycard and SAP.

Alipay is a force to be reckoned with outside of China, but it has taken a strategic approach to foreign markets that downplays its potential as a threat to local payment systems.

JPMorgan's blockchain effort could lead to solutions that overcome industry skepticism and regulatory concerns and perhaps attract more mainstream retail interest.

JPMorgan is prototyping its own digital currency to be used for cross-border payments and, later, other purposes. Will banks find this a palatable alternative to today's most well-known options?