What's New in Payments

UK charities leverage open banking to cut donation transaction costs

Open Banking Excellence QR code payments transfer solution

UK residents can now make charity donations using an open banking payments service that allows them to transfer money directly from their bank account to a charity’s bank account by scanning a QR code with their mobile phone, reducing the recipient’s processing costs and automatically enabling Gift Aid tax benefits on each donation... More










What's New in Payments

Visa cuts transaction fees in India by up to 95%

Visa slashes fee on debit card payments, wants more small merchants on board — Economic Times — “In a note circulated among member banks recently, Visa said it would cut rates on debit card transactions by up to 95%… The largest quantum of decrease will apply to transactions under Rs 2,000 (US$29.57)… ‘Effectively, merchants and banks pay nothing for small value transactions. With this move, it should become more attractive for banks to deploy terminals at small shops and encourage debit card payments,’ said a senior banker.”