Electronic Payments International

Chinese internet company ByteDance has acquired local third-party payment service UIPay.
According to a Reuters report, the company gained ownership of UIPay by purchasing its operator Wuhan Hezhong Yibao Technology through another company called Tianjin Tongrong E-commerce....

B2B payments platform TransferMate has received a payments licence from National Banking and Securities Commission in Mexico.
The licence allows the firm to operate as a money transmitter in the country.
The move is said to be a “major milestone” in the firm’s strategy to offer “one of the widest regulated settlement networks in the industry”....

US-based multinational retail corporation Walmart has joined forces with Paymentus to power bill payments at its stores and through its app.
The retailer has now joined the Paymentus Instant Payment Network.
With this move, Paymentus extends its reach to 140 million consumers in the US....

Coinify, Sygnum Bank and Galaxus announce the world’s first e-commerce transaction using a bank-issued stablecoin.
The Sygnum Digital Swiss Franc (DCHF), pegged 1:1 with the Swiss Franc, eliminates the need for card systems, reduces costs and fraud, and processes transactions in real-time....