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🐘 India🇮🇳: OpenAI, fintech Razorpay, and the National Payments Corporation (NPCI) launch UPI payments directly within ChatGPT Paid Members Public
🐘 India🇮🇳: OpenAI, fintech Razorpay, and the National Payments Corporation (NPCI) launch UPI payments directly within ChatGPT The AI-powered solution, called “Agentic Payments”, marks a major step forward in financial automation. The project is currently in its pilot phase. ➡️ Key features: 👍 Conversational interface for conducting digital transactions. 👍 Reduced risk of human
🧉Argentina🇦🇷: overview of the alternative finance market 2025 (wallets, crypto, interoperability) Paid Members Public
🧉Argentina🇦🇷: overview of the alternative finance market 2025 (wallets, crypto, interoperability) According to the Electronic Clearing House (#coelsa), Argentinians now hold an average of 8 financial accounts: 4 bank accounts (traditional or digital) and 4 linked to virtual wallets. 🔣 Scale and Reach The payment systems of Argentina🇦🇷 and Brazil🇧🇷 have
💣 United Kingdom🇬🇧: Revolut UK Bank license suspended Paid Members Public
💣 United Kingdom🇬🇧: Revolut UK Bank license suspended Regulators have raised concerns over risk management in cross-border payments. ➡️ Last year, after three years of discussions with regulators, the UK-Lithuanian digital bank obtained a provisional banking license valid for 12 months, allowing it to accept limited deposits while developing its risk control
☠️ In Singapore 🇸🇬, several major banks have introduced a new rule aimed at strengthening the fight against financial fraud. Paid Members Public
☠️ In Singapore 🇸🇬, several major banks have introduced a new rule aimed at strengthening the fight against financial fraud. Starting October 15, some systemically important banks will automatically block or temporarily hold any transfer that moves more than 50% of an account’s total balance within a single day. ➡️ The initiative
💣 Turkey🇹🇷: court witness names fintech Papara “the largest money laundering scheme” Paid Members Public
💣 Turkey🇹🇷: court witness names fintech Papara “the largest money laundering scheme” According to the indictment, the case is linked to illegal online betting allegedly involving around 40 million Turkish citizens. 🔠 The Istanbul Prosecutor’s Office conducted a large-scale investigation that could result in up to 28 years in prisonfor Papara
🛠 Brazil🇧🇷: #PIX adds a “Dispute” button to banking apps starting October 1 Paid Members Public
🛠 Brazil🇧🇷: #PIX adds a “Dispute” button to banking apps starting October 1 The update is part of Brazil’s “Special Refund Mechanism” (MED), launched by the Central Bank to handle fraud-related cases. The dispute process is now fully digital, removing the need for any in-person procedures. Reminder: the PIX instant
🎉 Colombia🇨🇴: international payment provider EBANX launches the instant payment system #Bre-B for foreign merchants Paid Members Public
🎉 Colombia🇨🇴: international payment provider EBANX launches the instant payment system #Bre-B for foreign merchants Colombia’s Bre-B is a new national instant payment system in Latin America, officially launched just a month ago. It is a state-owned payment platform operating under an A2A (account-to-account) model, integrated directly into local banking
🐘 India🇮🇳: UPI payment system will introduce biometric authentication… plus an update on Revolut🇬🇧🇱🇹 Paid Members Public
🐘 India🇮🇳: UPI payment system will introduce biometric authentication… plus an update on Revolut🇬🇧🇱🇹 India’s payment market continues to demonstrate strong momentum and innovation. ➡️ For transactions of up to ₹5,000 ($56 USD), biometric verification —facial recognition and fingerprint scans— will replace traditional PIN codes. However, regulators have indicated that