A 2024 law legalized mining and created an experimental regime for crypto-based cross-border settlements.The Bank of Russia also widened access in 2025 by allowing qualified investors to buy crypto-linked financial products.
Cross-border payments
Global accounts, collections, payouts, FX, corridors, and the infrastructure moving money between markets.
The chain built to put equities onchain has tripled in size since mid-July, and a dozen tokenized stocks are now each clearing $500,000 a day. Real-world assets are growing fast, though memecoins and stablecoins still dominate the chain.
Smartphones, FinTech platforms and regional institutions could put stablecoins in front of millions of users, but consumer awareness remains low and the industry has yet to demonstrate a compelling everyday advantage over cards and bank payments. Stablecoins spent years waiting for regulatory legitimacy.
Reporter Joey Pizzolato is a reporter at American Banker, covering all things payments, including stablecoins, agentic AI, buy now, pay later and earned wage. net revenue increased 15% year over year for its fiscal 2026, compared with 9% in its fiscal 2025.
Financial institutions, fintech companies, payment providers, and governments continue exploring stablecoins for retail payments, remittances, and international commerce. Samsung’s decision comes as digital asset regulations become clearer across several major markets.
Learn about the innovative B2B agentic payment approach that simplifies supplier payments using AI technology to boost efficiency. The first live B2B agentic transaction in Greater China shows how AI agents are beginning to move from administrative tools into operational roles.
As agentic commerce takes off in financial services, the card company says that its closed loop model, which includes direct relationships with merchants and consumers, can help it monitor an entire transaction to battle fraud."With agentic commerce, it is fraught with not only fraud but also hallucinations," Squeri said, noting Amex insures AI-powered payments. "We have the data from both sides.
“White-label” has become a popular term in the payments ecosystem, alongside ISO, PayFac, and PayFac There are many ways to bring a branded payments experience to the market.
“We are proud to welcome Hang Seng Bank as the first Hong Kong bank to join our network — a testament to the rapid integration of banking apps into the global payment ecosystem.” Ant International announced Monday (July 20) that it raised $1.2 billion in new funding to improve on its cross-border payments and agentic commerce offerings.
"People have a hard time seeing beyond that," ACI's Coates told American Banker.Many customers are also moving toward the pay-by-bank model, Dave Scola, chief product officer at Form3, a global payments platform, told American Banker. Generationally younger consumers like to avoid credit and are more interested in methods that allow them to pay directly from their bank account.
By contrast, stablecoin-native payments may require merchants to adopt new protocols, accept new assets and decide what to do with those assets after settlement. To bridge that gap, Lithic issues cards backed by stablecoin accounts, allowing a stablecoin funding source behind a familiar card credential and removing that barrier for merchants entirely.
The transaction builds on China’s push to strengthen digital yuan payment infrastructure alongside ongoing cross border CBDC and stablecoin initiatives. According to Mobile Payment Network, the transaction was jointly completed by the Shanghai branch of the Industrial and Commercial Bank of China (ICBC) and ICBC Singapore, becoming the first China-Singapore cross-border payment to run through the Digital Currency Express (CBETS) comprehensive settlement platform.
Visa and Airwallex have partnered to build Embedded Finance tools for freight and shipping platforms, targeting settlement delays and FX friction.
Mirae Asset, the $1 trillion South Korean financial giant, says its plans for newly acquired Korbit go far beyond capturing crypto market share — it wants to build an intelligent investment platform seamlessly connecting real-world assets, stablecoins and digital assets Updated Jul 24, 2026, 9:30 a.m.
In July 2025, Bitwave and BVNK partnered to help enterprise finance teams send and receive stablecoin invoice payments. This collaboration integrated BVNK’s embedded stablecoin wallets and Bitwave’s SOC-compliant tax, accounting and compliance platform.
Higher fuel prices and favorable foreign exchange movements helped lift revenue 14.2% to $753.5 million, while adjusted earnings per share climbed 35.4% to $5.35. Excluding those macro effects, revenue grew a more modest 4.2%.
“Mastercard and Visa needed the banks more than the banks needed them before they got going, but now they’re mutually beneficial.” “My suspicion is that banks will be looking at their potential remittance business from this new Swift solution from both a ‘can it win me new business?’ and also a ‘will not having it lose me business?’ perspective.” BBVA Is the Logical Choice BBVA said it will play a dual role in Swift’s new instant payments framework.
(X)The incident came as Robinhood's newly launched blockchain has become a hotbed of speculative trading.Since debuting earlier this month, the network has attracted more than $700 million in assets across stablecoins, tokenized stocks and memecoins, according to a Dune dashboard created by Entropy Advisors.
Reporter Joey Pizzolato is a reporter at American Banker, covering all things payments, including stablecoins, agentic AI, buy now, pay later and earned wage. At the end of 2025, net losses were 7.7%.
The former Signet developer aims to launch early next year a marketplace connecting stablecoin issuers with regional lenders to manage reserves.
This means a business can now let an agent pay in USDC, with no extra setup, powered by Coinbase Payments, according to a press release on Thursday.Sid Coelho-Prabhu, Head of Coinbase Business, said any shopping scenario has two sides: a shopper armed with a credit card and bank account goes into a store where a merchant has a point of sale system and bank account, and the two shake hands at the checkout.“We are delivering that experience for the new online agentic economy,” Coelho-Prabhu said in an interview.
We examine how several Australian card issuers are reducing credit card rewards as they prepare for another round of regulatory pressure. Credit card managers and consumers need to keep an eye on regulatory developments and market trends abroad because the payments business operates as a global network.
Pettican described Mastercard’s Commercial Connect API as “the one front door to Mastercard,” designed to link payment initiation, remittance data, reconciliation, consent and controls across platforms and acquirers. Virtual card rails were embedded from the outset, and support for additional B2B payment capabilities was set to be added over time.
The Goldman Sachs CEO said the crypto market structure bill would create a more stable regulatory framework, breaking with other major bank leaders who oppose key stablecoin provisions.
In surveys, 95% of Nigerian respondents said they would prefer to receive international payments in stablecoins rather than naira. That preference is understandable.
The platform also allows for faster payouts, embedded payment acceptance, seamless cross-border transactions, and tools for overseeing invoicing, expenses, taxes and multiple income streams, according to the release. “Creators are building some of today’s most dynamic small businesses,” Ginger Siegel, North America small and medium business lead at Mastercard, said in the release.
South Korea's Kbank has partnered with BPMG and HashKey Group to develop stablecoin-based cross-border remittance services across Asia.
ESW has introduced ESW Agentic Commerce, linking AI-driven product discovery to checkout, with Microsoft Copilot as its first integration.
Agentic payments leveraging stablecoins: BVNK’s Co-Founder Chris Harmse told us that he is looking forward to seeing how stablecoins and agentic payments come together in the coming year. “Issuing an agent a [stablecoin] wallet is a great way to programme permissioned access to that wallet and allow that agent to spend and interact in the payment ecosystem,” he says.
Treasuries by 2027, following a successful after-hours test with stablecoin issuers.The bank will begin testing tokenized Treasuries on a private blockchain by year-end and expand its settlement network to cover more international trading hours.The test used stablecoin reserves from Ripple (RLUSD) and OpenEden (USDO), demonstrating that Treasury activity can continue after U.S. market hours close.BNY, the world’s largest custody bank, plans to support round-the-clock settlement of conventional and tokenized U.S.
The last year has seen digital assets, and in particular stablecoins and tokenised assets, become an unprecedented focus for the cross-border payments world. But one area that often sees less focus is how policymakers globally are engaging with the topic.
Collaboration to help freight and shipping platforms modernise payments, improve cash flow and unlock new growth opportunities through embedded financeLONDON: Visa and Airwallex today announced a collaboration to develop embedded-finance solutions tailored to the needs of freight and shipping platforms, helping modernise how businesses manage payments, working capital and cross-border commerce across one of the world's most complex industries.The collaboration brings together Visa's expertise in commercial payments, acceptance strategy, risk management…
A closer examination of transaction-level records uncovered foreign exchange spreads that averaged about 2%, creating millions of dollars in lost revenue across roughly $100 million in cross-border payments volume. “If you apply that to $100 million of cross-border payments being processed, that could be $2 million a year that’s lost,” Catterall said.
Connected AI systems can recognize that the payment has broken an established pattern, assess its impact on a cash forecast and alert the appropriate employee before the missed payment becomes a collections problem. “If you can detect in real time that a payment has not arrived when it typically does, you can react and have a more meaningful conversation before it becomes a problem,” Landy said.
While popular across the cross-border payments industry, players in the B2B space specifically have seen LinkedIn become a key tool for engaging with prospective audiences and demonstrating their authority. The content that these companies share on the platform speaks not only to the topics that their company is increasingly focusing on, but also to how they are conveying this to prospective customers and business partners.
eZi Remit has partnered with Mastercard to offer cross-border remittances from South Africa to 25 countries, including Zimbabwe and India.
Security firms said the attacker used enough hot-validator signatures to approve a 24.15 million USDC withdrawal, while Arbitrum said its native bridge was not affected.
By shifting orchestration to Google Cloud's managed service, the payments firm cut monthly data platform costs by about 30% and improved reliability. Checkout.com has migrated its data orchestration platform to Google Cloud's Managed Service for Apache Airflow, a move that changed the reliability and cost profile of its data platform.
Together, these moves could enable Stripe to expand into other areas such as enabling machine-to-machine payments and other micropayments involving AI agents, per the report. PYMNTS reported July 15 that a Stripe/PayPal deal would combine Stripe’s software that merchants deploy with PayPal’s payment credentials that consumers already use.
That creates room for stablecoin versions of familiar card economics, including merchant incentives, payment rebates, cross-border discounts, subscription benefits and loyalty rewards. The legislation goes further.