Digital Transactions Authoritative, insightful and timely information for payments professionals
- Paysafe Ltd. will process payments for online-trading and investment platform CMC Markets under a newly announced agreement.
- Some 83% of U.S. executives think that by 2027 most payments will be assisted in some fashion by artificial intelligence, but 25% report they’re losing at least $1 million a year at online checkout, according to a Talker Research survey conducted in August on behalf of payments company Spreedly. The research effort contacted 500 senior-level U.S. executives in retail, travel, financial services, and other industries.
- Annual payments revenue globally will hit $2.4 trillion by 2029, growing at a 4% rate yearly from $1.9 trillion in 2024, according to the Global Payments Report from Boston Consulting Group.
- Stable, a blockchain network, said holders of PYUSD, the stablecoin offered by PayPal Holdings Inc., are able to use it on the Stable system. PayPal Ventures, the payments company’s investment arm, also invested an undisclosed sum in Stable.
- Health-care payments specialist Paysign Inc. appointed Jose Garcia executive vice president for life science solutions. Garcia was an executive at QualTex Laboratories before joining Paysign.
- Bakkt Holdings Inc., a trading platform for digital assets, appointed Mike Alfred to its board. Alfred is founder and managing partner at Alpine Fox LP, a private investment fund specializing in bitcoin.
- Waystar Holding Corp., a developer of health-care payments technology, said it has joined the S&P SmallCap 600 Index as of market open on Monday.
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