Tag: payment processing

  • Glomo Achieves Visa Principal Membership, Becoming India’s First Non-Bank Acquirer on the Network

    Glomo Achieves Visa Principal Membership, Becoming India’s First Non-Bank Acquirer on the Network

    Glomo, a regulated payment service provider based at GIFT IFSC in Gujarat, has announced that it is now a Visa Principal Member. This milestone makes Glomo the first non-bank acquirer in India and the first GIFT IFSC-licensed payment service provider to join the Visa network directly.

    With this membership, Glomo can process Visa-powered card payments for merchants on its platform without relying on intermediary acquirers. This direct access gives the company greater control over transaction approvals, fraud monitoring, risk management, and dispute handling through Visa’s infrastructure. The move is expected to accelerate merchant onboarding and payment processing, particularly for businesses with cross-border needs such as exporters, AI platforms, SaaS companies, financial services firms, and educational platforms.

    Benefits for Merchants and the Payments Ecosystem

    The direct acquiring arrangement reduces the number of intermediaries in cross-border card payments, which often create friction in settlement, approvals, and risk management. For merchants, this translates into more predictable settlement times, improved payment performance, and a smoother experience as they expand internationally. Glomo also plans to use its membership to enhance card infrastructure capabilities, including the development of issuing products.

    Akash Arun, Founder and CEO of Glomo, commented: “Cross-border card payments often pass through multiple intermediaries, which can create friction across settlement, transaction approvals, risk management and dispute handling. Becoming Visa’s Principal Member gives us direct control over these critical parts of the payment chain. For merchants, this can translate into more predictable settlement, improved control over payment performance and a more consistent experience as they expand across markets. It is also an important validation of the financial infrastructure being built at GIFT IFSC.”

    Rishi Chhabra, Country Manager for India at Visa, added: “We are pleased to welcome Glomo as a Principal Member of the Visa network. As Indian businesses expand across borders, trusted and secure payment infrastructure becomes critical to enabling commerce that is seamless, reliable and resilient. Visa’s global payments network, built on decades of trust, security and scale, will play a crucial role in supporting this evolution.”

    Strategic Implications for India’s Cross-Border Payments

    By managing acquiring directly, Glomo can optimize merchant onboarding, payment processing, settlement, and risk policies. It also helps reduce unnecessary foreign exchange conversion costs and limitations associated with intermediary-led processing. The announcement comes at a time when more Indian businesses are seeking robust payment infrastructure that can handle multiple currencies, banking systems, and regulatory requirements.

    About Glomo

    Glomo (Glomo Payments IFSC Private Limited) is the first regulated payment service provider at GIFT City, building financial infrastructure for global businesses. It offers a unified platform for collecting, holding, disbursing, and managing funds across multiple currencies. The platform integrates global payments, payouts, treasury management, identity verification, AML screening, and outward remittance through a single compliance-first stack. Glomo partners with over 18 large banks and non-banks to provide superior payment capabilities to enterprise customers. Authorized by IFSCA and PCI-DSS certified, Glomo is designed for businesses that need compliant, programmable cross-border money movement.

    For more information, visit www.glomopay.com.

  • Stripe and Advent’s $53 Billion Bid Lifts PayPal Stock Higher

    Stripe and Advent’s $53 Billion Bid Lifts PayPal Stock Higher

    Shares of PayPal moved higher after reports surfaced that payments giant Stripe and private equity firm Advent International have jointly submitted a takeover proposal worth more than $53 billion. The consortium reportedly offered $60.50 per share—about 28% above PayPal’s recent closing price—and has secured around $50 billion in bank commitments to support the deal.

    Stripe and Advent Await PayPal’s Response

    According to sources familiar with the matter, Stripe and Advent submitted the latest proposal earlier this month, following an initial approach in early April. PayPal’s board has not yet responded, but the two firms hope to move discussions forward in the coming weeks. Under the proposed structure, Stripe and Advent would each hold a 50% stake and keep PayPal intact rather than splitting its operations. The acquisition would give Stripe access to PayPal’s broad consumer network, including Venmo and Braintree.

    PayPal’s Strong First-Quarter Results

    The takeover interest follows stronger-than-expected first-quarter earnings from PayPal. Revenue rose 7% year-over-year to $8.35 billion, beating analysts’ estimate of $8.05 billion. Currency-neutral total payment volume increased 8% to approximately $464 billion. Adjusted earnings came in at $1.34 per share. Despite the solid results, investors have been seeking clearer evidence that PayPal’s turnaround can sustain growth. Management has been pursuing operational improvements through artificial intelligence, expecting AI tools and organizational changes to reduce duplicated work and generate about $1.5 billion in savings over the next two to three years, which will be directed toward growth initiatives.

    PayPal Shares Slip Before Reported Offer

    PayPal shares fell 0.59% during Monday’s regular trading session, closing at $47.37, according to Google Finance. The stock recovered slightly after hours, edging 0.06% higher to $47.40. The proposed $60.50 price stands well above the latest closing level. Stripe remains one of the world’s most valuable privately held fintech companies, valued at approximately $159 billion in a February employee tender offer. The company reported that businesses using its platform generated $1.9 trillion in payment volume during 2025, up 34% from the previous year. Advent would bring private equity capital and payments-sector experience, managing about $94 billion in assets as of March 31, 2026.

    What’s Next?

    Any completed acquisition would require financing, shareholder, and regulatory reviews. The reported proposal remains pending while Stripe and Advent wait for PayPal’s response. Investors will watch the next trading session for any reaction to the acquisition news.

  • Best Crypto Payment Gateways for High-Volume Transactions in 2026

    Best Crypto Payment Gateways for High-Volume Transactions in 2026

    For businesses processing significant transaction volumes, choosing the right cryptocurrency payment gateway is not merely a technical decision—it is a strategic financial one. High-volume operations require infrastructure that can handle throughput without compromising on security, cost-efficiency, or automation capabilities. This guide examines six gateways built for scale, with particular attention to their architecture, fee structures, and ability to support enterprise-grade payment flows.

    How to Choose a Crypto Payment Gateway

    Selecting a gateway for high-volume transactions demands careful evaluation across several dimensions. Transaction fees become increasingly impactful as volume grows, making fee structures a primary consideration. Processing speed and settlement finality directly affect cash flow and operational efficiency. Integration complexity determines implementation costs and ongoing maintenance burden.

    For high-volume businesses, several additional factors become critical: automated reconciliation capabilities, bulk payout functionality, volatility protection through automatic stablecoin conversion, and API robustness for custom integration with existing financial systems. Security and compliance infrastructure also warrant scrutiny, including regulated jurisdiction licensing, KYC/AML controls, and self-custody versus custodial models.

    Comparison of Top Crypto Payment Gateways

    Gateway Key Strength Fee Model Best For
    2328.io AI-ready infrastructure & Telegram integration Below market average Tech-forward enterprises
    CryptoWoo Self-custody WooCommerce native No gateway fees WordPress merchants
    DePay Wallet-agnostic decentralized layer Pay-as-you-go Stablecoin-heavy businesses
    0xProcessing Built for high-volume throughput Transaction-based Proxy & digital services
    Cryptomus Volume leadership & low fees Starting from 0.4% Cost-sensitive enterprises
    OxaPay White-label static addresses Per-transaction Brand-conscious platforms

    2328.io

    2328.io delivers infrastructure-grade cryptocurrency payment processing tailored for high-volume digital businesses. Registered in Saint Lucia and founded by a team with active crypto processing experience since 2017, the platform brings operational maturity to enterprise payment automation. Its AI-friendly architecture offers comprehensive API documentation for seamless integration via AI-driven workflows. Key features include Telegram deep-linking integration, competitive transaction fees below major competitors, automated stablecoin settlement, bulk payout functionality, multi-currency support across eight languages, and scalable infrastructure. Processing fees begin at 0.3%.

    CryptoWoo

    CryptoWoo is the premier cryptocurrency payment solution for WooCommerce merchants seeking true self-custody and seamless integration. It keeps the entire transaction on the merchant’s own website, preserving customer privacy and eliminating external dependencies. Key features include no third-party redirects, zero middleman fees (only standard blockchain network fees), HD Wallet support, zeroconf payment completion with transaction confidence metrics, multiple exchange rate APIs, and WooCommerce native integration. Premium add-ons extend functionality to include Monero, Dash, and ERC-20 tokens.

    DePay

    DePay is a decentralized payment layer agnostic to any wallet, solving the “liquidity paradox” by enabling gasless transactions directly from customer self-custody wallets. It connects to Visa and Mastercard networks for real-time fiat settlement at over 150 million merchants worldwide. Key features include self-custody-first design, gasless transactions, multi-wallet connectivity (MetaMask, Zerion, SafePal), stablecoin focus with planned multi-chain expansion, and global merchant acceptance. It is already operational in high stablecoin adoption markets like Brazil, Argentina, South Korea, and the Philippines.

    0xProcessing

    0xProcessing was created for high-throughput processing environments with its own blockchain-based system supporting stable throughput. Ideal for recurring payments like proxies, subscriptions, and top-ups. Key features include no monthly fees (pay only for processed transactions), Volatility Risk Control with automatic USDT conversion, 24/7 withdrawal access, fast on-chain confirmation, API-first architecture, and global payment acceptance bypassing GEO-specific banking restrictions.

    Cryptomus

    Cryptomus has processed over $8.2 billion in transactions as of March 2026. It offers low fees starting at 0.4%, support for more than 120 cryptocurrencies, fiat withdrawals via SEPA, SWIFT, and P2P, automated volatility protection, mass payouts, and fully customizable payment pages. Risk considerations include a record CAD 176 million FINTRAC penalty in October 2025 for AML violations (under appeal) and mandatory KYC controls introduced in February 2025 that caused a drop in on-chain volume. High-volume merchants should conduct thorough compliance due diligence.

    OxaPay

    OxaPay stands out with its White Label offering, allowing merchants to accept crypto payments under their own brand. Its Merchant Static Address feature assigns static addresses to users, simplifying repeated transactions. Key features include three service models (Merchant Invoice, White Label, and Static Address), API-first architecture, no high setup costs, and streamlined reconciliation through user-level address assignment. Ideal for brand-conscious enterprises with recurring customers.

    Conclusion

    The optimal gateway depends on specific operational requirements: fee sensitivity, integration complexity tolerance, custody preferences, regulatory exposure, and the need for fiat settlement. As stablecoin adoption continues growing and blockchain infrastructure matures, these gateways will likely evolve to offer increasingly sophisticated capabilities for high-volume merchants.