Five major banks in Russia saw capital outflows from corporate accounts last month, according to data compiled by Reuters from the nation’s central bank. That news comes despite Russian consumers largely holding faith in the banking system after the central bank moved to prop up several...
Pluto Exchange is launching India’s first mobile cryptocurrency exchange solution with an eye on a few use cases for B2B transactions. Reports in NDTV on Thursday (Dec. 28) said UAE-based Pluto Exchange will introduce a solution that enables bitcoin transactions using a mobile number. The...
2017 may go down in B2B payments history as the year the space finally saw a bump in attention from innovators. Amid the excitement over faster payment initiatives, blockchain, open banking efforts and collaboration between banks and FinTechs, B2B payments have found the spotlight as...
The GOP-led tax reform in the U.S. has secured a stamp of approval from small and medium-sized business (SMB) advocates at the National Federation of Independent Business (NFIB), and other analysts say the plan could lend a big boost to large corporates, too. But two...
Analysts are expecting a lucrative year for FinTech companies in 2018. Reports in American Banker this week said new research from Statista estimates FinTechs in the U.S. alone will secure $4.7 billion from investors of all kind in the new year. Many targets for those...
While legal marijuana made inroads in several states this year, federal criminalization of the drug means businesses that operate in the industry cannot access financial services they need like bank accounts and payment services — even when they’re legal. One marijuana business has announced plans to...
A startup offering payroll and human resources (HR) solutions is looking to raise $20 million via an initial coin offering (ICO), according to Wednesday (Dec. 27) reports in the Inquirer. Salarium is offerings its cryptocurrency SALPay token to raise the funds. Since its launch in...
The debate over bitcoin is heated, and everyone seems to have an opinion. But as analysts and industry players voice their cryptocurrency predictions for 2018, some are looking more closely at blockchain technology rather than the digital coin itself. This year, the blockchain market was...
Faster and real-time payment initiatives broke new ground in 2017, but so far, B2B payments has yet to really find its place in an accelerated world. In December’s PYMNTS Faster Payments Tracker, powered by NACHA, the numbers on faster payments in the U.S. presented a...
