Higher B2B Payments Volumes, More SaaS Accounts Boost WEX Despite Overall Lower 3Q

Higher B2B Payments Volumes, More SaaS Accounts Boost WEX Despite Overall Lower 3Q
Higher B2B Payments Volumes, More SaaS Accounts Boost WEX Despite Overall Lower 3Q
October 29, 2020  |  Earnings

FinTech WEX lost $57.7 million, or $1.49 a share, on revenue of $382.1 million for the three months ended Sept. 30, compared with posting a...

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Western Union’s Remittances And Digitization Drive Positive Outlook For Q4
Western Union’s Remittances And Digitization Drive Positive Outlook For Q4
October 29, 2020  |  Earnings

Consumer behavior drove Western Union‘s positive third quarter earnings results, announced Thursday (Oct. 29), with cross-border principal up by 8 percent for the quarter. Get...

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Citi’s Naveed Sultan To Lead Bank’s Global Digitization Charge
Citi’s Naveed Sultan To Lead Bank’s Global Digitization Charge
October 29, 2020  |  Personnel

Veteran Citi executive Naveed Sultan will lead the financial giant’s efforts to advise governments and other clients on digitization in a new role as chairman...

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Bitcoin Daily: Bank Of Canada Chief Says Digital Currency Needs Global Approach; Ripple Eyes Blockchain Firm MoneyTap
Bitcoin Daily: Bank Of Canada Chief Says Digital Currency Needs Global Approach; Ripple Eyes Blockchain...
October 29, 2020  |  Bitcoin

The Bank of Canada is progressing in its plans for a national digital currency, moving past proof of concepts to “executable” plans, according to Reuters....

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What To Make Of The Gradual Return Of The In-Office Workforce
What To Make Of The Gradual Return Of The In-Office Workforce
October 29, 2020  |  Coronavirus

Anecdotally speaking, the physical world of work is feeling like a pretty lonely place these days. Get the Full Story Complete the form to unlock...

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World Bank Sees Remittance Flows Shrink Amid Pandemic
World Bank Sees Remittance Flows Shrink Amid Pandemic
October 29, 2020  |  Global Payments

The pandemic is affecting the amount of money migrant workers can send home, with remittances projected to drop 7 percent this year to $508 billion...

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COVID Case Spike Adds Fuel To Digital-First Economy
COVID Case Spike Adds Fuel To Digital-First Economy
October 29, 2020  |  Coronavirus

COVID-19 is unfortunately seeing a new wave of infections. Outside of the health concerns and personal toll the disease is taking, the new developments are...

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Pleo Launches Expense Management Tool Pleo Pocket
Pleo Launches Expense Management Tool Pleo Pocket
October 29, 2020  |  B2B Payments

Pleo is offering new services bundled under the brand Pleo Pocket that will make it easier for businesses to centralize financial information, according to a...

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Walmart Chile Sued By Association Of Suppliers
Walmart Chile Sued By Association Of Suppliers
October 29, 2020  |  B2B Payments

The Chilean unit of Walmart Inc. has been sued in Chile by suppliers alleging anti-competitive practices, Reuters reported. Get the Full Story Complete the form...

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