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Digital Payments

All articles tagged with #digital payments

Switzerland codifies cash as a constitutional right after nationwide vote
world1 month ago

Switzerland codifies cash as a constitutional right after nationwide vote

Voters in Switzerland approved a constitutional amendment guaranteeing the right to use cash (franc banknotes and coins), with 73.4% in favor. The move, championed by the Swiss Freedom Movement, aligns Switzerland with Hungary, Slovakia and Slovenia in protecting cash as a legal right, amid a broader push toward digital payments. Cash usage in Switzerland has fallen over the years, but supporters say access to cash should be safeguarded.

via politico.eu|
#cash#constitution#digital-payments
Dollar’s Dominance Faces a New Set of Challenges
business1 month ago

Dollar’s Dominance Faces a New Set of Challenges

The U.S. dollar’s long-standing status as a global safe haven faces headwinds from rising debt costs, sanctions and tariffs, prompting investors to seek alternatives like gold and, increasingly, Europe’s push toward non-dollar digital payments (e.g., Wero). Foreign holders of U.S. Treasuries have fallen, China is diversifying into gold, and analysts warn the dollar could weaken further over time, though the timing remains uncertain.

via WBFF|
#business#digital-payments#dollar
PayPal plunges as dramatic CEO shift coincides with slowing growth
business2 months ago

PayPal plunges as dramatic CEO shift coincides with slowing growth

PayPal’s stock fell about 20% after it posted slowing growth in its branded-checkout business and announced a dramatic leadership change, naming Enrique Lores of HP as the new CEO effective March 1. Q4 branded-checkout growth slowed to 1% (currency-adjusted) from ~5% in the prior two quarters, with weakness in U.S. retail, international headwinds and tough comps cited. The company guided to a low-single-digit decline in adjusted EPS for the year, while pushing initiatives to boost a faster, biometrics-enabled checkout and capitalize on Pay With Venmo and BNPL to reignite growth. For Q4, payment volume was $475 billion (up 6% currency-neutral), revenue $8.68 billion, and adjusted EPS $1.23, missing some expectations.

via MarketWatch|
#business#ceo-change#digital-payments
Marshall Islands Launches World’s First On-Chain Cryptocurrency UBI Program
world3 months ago

Marshall Islands Launches World’s First On-Chain Cryptocurrency UBI Program

The Marshall Islands has launched the world's first national universal basic income scheme offering payments via cryptocurrency and traditional methods, aiming to support citizens amid rising costs. The program, funded by a US-backed trust, provides quarterly payments of about $200, with most recipients choosing bank deposits or checks, and a small number opting for digital wallets. While innovative, the scheme faces challenges related to internet connectivity and governance, and its long-term success remains uncertain.

via The Guardian|
#blockchain#cryptocurrency#digital-payments
PayPal Launches Innovative P2P Payments with Crypto Support and Shareable Links
business6 months ago

PayPal Launches Innovative P2P Payments with Crypto Support and Shareable Links

PayPal has introduced PayPal links, a new feature allowing users to send and receive money via personalized, one-time links that can be shared across conversations, with plans to expand internationally and integrate crypto payments directly into the P2P flow, enhancing the ease and security of digital transactions globally.

via PayPal Newsroom|
#business#cryptocurrency-integration#digital-payments
Social Security Changes Coming on Sept. 30 Under Trump
world7 months ago

Social Security Changes Coming on Sept. 30 Under Trump

President Donald Trump signed an executive order to phase out paper Social Security checks by September 30, promoting digital payments to reduce costs, increase safety, and speed up benefit delivery. This change affects less than 1% of beneficiaries but marks a significant shift in the program's administration, alongside other reforms like workforce downsizing and stricter identification procedures.

via yahoo.com|
#benefit-changes#digital-payments#government-efficiency
PayPal Stock Declines Despite Strong Earnings and Raised Profit Targets
business8 months ago

PayPal Stock Declines Despite Strong Earnings and Raised Profit Targets

PayPal's stock fell nearly 10% despite beating earnings estimates, due to concerns over slowing consumer demand and weaker retail spending tied to tariffs. However, the company raised its full-year outlook, driven by strong margins, growth in Venmo, and expansion into global and in-person payments, positioning itself for long-term growth despite short-term challenges.

via Yahoo Finance|
#business#digital-payments#market-outlook
PayPal Expands Crypto Payment Options for U.S. Merchants
business8 months ago

PayPal Expands Crypto Payment Options for U.S. Merchants

PayPal has introduced a new feature allowing U.S. businesses to accept over 100 cryptocurrencies as payment, including Bitcoin, Ethereum, and novelty tokens, with a promotional fee of 0.99% for the first year. The process involves connecting crypto wallets, selling crypto on exchanges, and converting proceeds into PayPal's stablecoin before settling in USD. This move continues PayPal's push into digital assets, expanding its crypto capabilities for merchants and consumers alike.

via Fortune|
#business#cryptocurrency#digital-payments
Apple Plans AI-Enhanced Siri Launch for Spring 2026
business10 months ago

Apple Plans AI-Enhanced Siri Launch for Spring 2026

Stablecoins are gaining momentum as a potential infrastructure for commerce, with companies like Walmart, Amazon, and Shopify exploring their use. They could streamline payments by serving as a settlement layer, but challenges around liability, dispute resolution, and regulation remain. In some markets, stablecoins are already serving as primary payment methods, raising questions about the future of traditional banking and card networks. A hybrid future where stablecoins coexist with fiat systems seems likely.

via PYMNTS.com|
#business#commerce#digital-payments