Skip to content

Visa

Visa: network rules, interchange, tokenisation, stablecoin settlement pilots and Visa Direct.

9selected itemsRelated topicsMastercardCard Issuing PlatformsStablecoins

Latest selected

1–9 of 9
Oct 17Sat
  1. PYMNTSSource summary74

    Visa Direct launches stablecoin prefunding capability, with Inyo Global first to integrate it

    Visa Direct has begun offering a stablecoin prefunding capability to cross-border payment companies, allowing eligible clients and partners to use USDC to prefund Visa Direct cross-border payment funds in near real time. The first integrator, Inyo Global, has integrated the capability into its platform, enabling businesses to manage cross-border payments through existing Inyo APIs across more than 180 countries.

    推荐理由：The original text explains how Visa Direct uses USDC prefunding to support cross-border payments and describes Inyo Global’s integration method and coverage, making it easier to understand the specific use of stablecoins in the prefunding process.

  2. Payments DiveSource summary71

    Visa and Mastercard urge court to approve swipe fee settlement

    Visa and Mastercard filed a joint response with the court, urging approval of a swipe fee settlement involving more than 12 million merchants. The final approval hearing is scheduled for November 16. The agreement would reduce credit card interchange fees by 10 basis points, set a 1.25% rate for standard consumer cards, and allow merchants to decline some high-fee Visa and Mastercard premium and commercial credit cards. Walmart and several merchant groups oppose the proposal, while Visa and Mastercard said the objections repeat arguments the court previously rejected.

    推荐理由：The filing presents the settlement’s rate adjustments, merchants’ right to decline some high-fee cards, and the main opposing parties, helping explain the litigation’s impact on merchant costs and card network rules.

Oct 16Fri
  1. Fintech News SingaporeSource summary73

    Visa launches USDC stablecoin prefunding service for cross-border payments

    Visa allows eligible businesses to prefund cross-border payments using USDC, with Inyo Global becoming the first Visa Direct processor to put the service into commercial use. Through Inyo’s existing API, eligible remittance institutions, fintech companies, and payment companies can fund payments in near real time and use the service around the clock, subject to eligibility and geographic requirements.

    推荐理由：The service connects USDC prefunding to the Visa Direct cross-border payment process, demonstrating a specific use of stablecoins in liquidity management and around-the-clock payment readiness.

Oct 15Thu
  1. Digital Transactions NewsSource summary76

    Visa and Mastercard launch stablecoin payment services covering cross-border payouts and spending at global merchants

    Visa has launched a commercial service incorporating stablecoins into Visa Direct and, through Inyo Global, supports businesses in sending domestic and international payouts to more than 180 countries; Mastercard has partnered with BVNK to launch the Global Money Platform. The platform allows users to spend stablecoins at hundreds of millions of merchants worldwide that accept Mastercard, with initial users including Nuvei, Marqeta, Ontop, Beem, and Almond Fintech.

    推荐理由：The two services cover stablecoin funding, cross-border payouts, and merchant spending respectively, demonstrating concrete pathways for card networks to integrate stablecoins into everyday money movement.

Oct 14Wed
  1. Fintech News Hong KongSource summary80

    Visa approved by the People’s Bank of China to prepare a domestic bank card clearing institution

    Visa has received approval from the People’s Bank of China to prepare a bank card clearing institution in China, allowing it to formally begin the establishment process, but it has not yet been authorized to conduct clearing operations. Visa still needs to complete the subsequent steps stipulated by the People’s Bank of China before it can begin domestic bank card clearing operations.

    推荐理由：The approval distinguishes between eligibility to prepare the institution and formal authorization to conduct clearing operations, and explains the regulatory steps Visa still needs to complete before entering China’s domestic bank card clearing market.

  2. Fintech NewsSource summary82

    Visa approved to begin preparations to establish an onshore bank card clearing institution in China

    Visa has received approval from the People's Bank of China (中国人民银行) for its Application to Prepare, formally commencing preparations to establish an onshore bank card clearing institution in China. The approval only allows Visa to advance preparations in accordance with the requirements of the People's Bank of China; Visa must still complete the relevant procedures before it can conduct onshore bank card clearing business in China.

    推荐理由：The approval distinguishes authorization to prepare from formal operations, while the materials also explain the regulatory procedures Visa must still complete to enter China's onshore bank card clearing market.

  3. Payments DiveSource summary73

    Visa wins Chinese government approval to prepare to provide bank card clearing services in China

    Visa said it has received approval from the Chinese government for its application to prepare to provide bank card transaction clearing services in China, and will continue to complete the subsequent procedures in accordance with relevant regulations of the People's Bank of China. Mastercard was approved to operate in China in 2023 and began processing payments made with bank cards issued by Chinese banks in 2024 through a joint venture established with a Chinese partner. The two US card networks will still face competition from UnionPay in China's domestic market.

    推荐理由：Visa's approval to prepare to provide bank card clearing services in China, along with Mastercard's earlier progress and the competitive landscape involving UnionPay, makes this worth watching.

Oct 13Tue
  1. PYMNTSSource summary77

    Visa 获中国人民银行批准筹备在华国内银行卡清算业务

    Visa 获中国人民银行批准其“Application to Prepare”，可着手筹建在中国的国内银行卡清算业务。这项批准是Visa进入中国国内支付市场的筹备性里程碑，但不等同于已开始在华运营；Financial Times称Visa自2015年起已尝试设立相关业务。

    推荐理由：中国人民银行的批准属于筹备性许可而非正式运营，材料厘清了Visa进入中国国内支付市场所处的阶段。

Oct 2Fri
  1. European Central BankSource summary64

    ECB推进Pontes代币化资产结算试点并评估TIPS与Pix互联

    ECB理事会批准Pontes初始上线协议，使代币化资产的批发交易能够以央行货币结算，并计划于9月21日启动初始阶段。ECB还批准评估TIPS与巴西即时支付系统Pix互联的可行性，并将Visa Europe Payment System认定为系统重要性支付系统，由ECB牵头监督。

    推荐理由：ECB推进代币化资产以央行货币结算、TIPS与Pix互联评估及Visa Europe Payment System监管，覆盖批发结算与支付网络治理两条主线。