Payment systems

QR codes are increasingly used in phishing attacks ('quishing') where scammers redirect users to malicious sites via dynamic codes. Physical QR code replacements in restaurants also steal payment data by intercepting digital transactions.

ACAMB visited NIBSS to advocate for wider QR code adoption and stronger payment systems, emphasizing the need for a united voice during service disruptions. The discussion focused on strengthening payment rails and industry collaboration.

The government is considering withdrawing funds from the State Bank of India (SBI) due to a dispute over the Raidurg land auction. A drastic decision could impact payment systems, salary disbursements, and welfare transfers.

The UK government's Gov.uk platform is replacing Stripe with a Dutch payment system. The move marks a shift away from the U.S.-based payment processor to a Netherlands-based alternative.

Amid a fragile ceasefire with the US and Israel, Iran faces worsening medicine shortages due to disrupted imports and payment systems.

Visa is integrating stablecoins into mainstream payment systems without public awareness, positioning itself as a key player in the evolving digital finance landscape. The move reflects broader efforts by financial institutions to adopt blockchain-based solutions.

The International Monetary Fund (IMF) predicts that Agentic AI will significantly transform payment systems by enhancing efficiency, security, and accessibility. The 2026 article highlights potential challenges, including regulatory adaptation and ethical concerns.