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Visa Just Made A Bet That Could Reshape How Money Moves Globally — And Stablecoins Are At The Center Of It
Yahoo Finance· 2025-10-08 16:01
Core Insights - Visa has launched a pilot program allowing businesses to fund international payments using stablecoins, marking a significant shift in cross-border commerce [2][4] - The passage of the Genius Act has provided regulatory clarity, enabling major institutions like Visa to move forward with stablecoin initiatives [3][4] - The use of stablecoins can free up capital for companies by reducing the need to maintain cash reserves in multiple currencies [5][6] Group 1 - Visa's pilot program represents a fundamental change in how businesses manage international payments, moving away from traditional cash deposits [2] - The Genius Act has established clear guidelines for stablecoin issuers, which has been pivotal for institutional adoption [3] - Visa is collaborating with partners to expand the pilot program, allowing various financial institutions to utilize stablecoins for pre-funding accounts [4] Group 2 - Companies engaged in global business can benefit from the efficiency of stablecoins, which facilitate faster transactions and 24/7 settlement [6] - The traditional requirement for companies to hold cash reserves in multiple currencies can lead to idle capital, which stablecoins can help alleviate [5]
Cashfree Payments enables Apple Pay support for international cards
Yahoo Finance· 2025-09-25 11:47
Core Insights - Cashfree Payments has integrated Apple Pay support for international cards through its international payment gateway, enhancing global market reach for businesses [1][5] - The integration aims to reduce payment friction and facilitate borderless e-commerce, addressing the infrastructure challenges faced by Indian merchants [2][3] Group 1: Integration Details - The integration allows businesses to offer Apple Pay as a checkout option in markets such as the US, UK, Canada, UAE, and Europe [1] - Cashfree's Apple Pay integration is expected to reduce drop-offs by up to 75% for Indian exporters in high-intent markets [3] - The integration utilizes biometric authentication and tokenized card data to enhance security and reduce fraud [4] Group 2: Market Impact - The feature is particularly beneficial for sectors like travel, tourism, SaaS exporters, and global e-commerce brands, where manual entry errors can lead to costly transaction failures [3] - Existing merchants can enable Apple Pay instantly without additional integration efforts, benefiting from existing dashboards and tools [4] - Cashfree Payments processes transactions worth $80 billion annually for over 800,000 businesses, indicating significant market presence [5]