LatAm’s Xepelin Debuts SMB Lending, Revenue Service
LatAm’s Xepelin Debuts SMB Lending, Revenue Service
August 01, 2021  |  B2B Payments

Xepelin, a Chilean FinTech that provides an online financial services platform for small- to medium-sized businesses (SMBs), has raised $30 million in equity and another...

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Musk Calls Apple’s App Store Fees A ‘Tax,’ Backs Epic Games
Musk Calls Apple’s App Store Fees A ‘Tax,’ Backs Epic Games
August 01, 2021  |  Apple

Elon Musk has thrown his hat in the ring in the ongoing legal battle between tech giant Apple and Epic Games, which makes the ultra-popular...

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New Study: Pros Blame Consumer Uncertainty For Slow Uptake Of Open Banking
New Study: Pros Blame Consumer Uncertainty For Slow Uptake Of Open Banking
August 01, 2021  |  Digital-First Banking

Open banking in the United States is having trouble getting out of its nascent state, the latest edition of PYMNTS U.S. Open Banking Tracker found, noting that...

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Fed’s Brainard: US Needs CBDC For International Use Cases
Fed’s Brainard: US Needs CBDC For International Use Cases
August 01, 2021  |  Digital Payments

Lael Brainard, governor of the Federal Reserve, has said there are a myriad of reasons to begin developing a central bank digital currency (CBDC), Reuters...

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FinTech Mercury Nets $120M Including Crowdsourcing
FinTech Mercury Nets $120M Including Crowdsourcing
August 01, 2021  |  Investments

Mercury, which helps install banking for startups, has raised $120 million in a funding round, according to a company blog post, and has set aside...

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UPI Reports Over 3B Transactions In July As Digital Payments Increase
UPI Reports Over 3B Transactions In July As Digital Payments Increase
August 01, 2021  |  Digital Payments

India’s United Payments Interface (UPI), which is the flagship payments platform for the National Payments Corporation of India (NPCI), processed 3.24 billion transactions in July,...

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BNPL Takes Its Next Dramatic Turn As Square Buys Afterpay For $29B
BNPL Takes Its Next Dramatic Turn As Square Buys Afterpay For $29B
August 01, 2021  |  Buy Now Pay Later

The race to control the buy now, pay later (BNPL) race has taken its latest surprise turn as FinTech giant Square has announced plans to...

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Fed: Delta Variant Might Jeopardize Economy As Americans Avoid Job Hunting
Fed: Delta Variant Might Jeopardize Economy As Americans Avoid Job Hunting
August 01, 2021  |  Economy

Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, said the rise of the more contagious Delta variant of COVID-19 might hinder the U.S.’s...

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Robo-Lawyer DoNotPay Hits $210M Valuation
Robo-Lawyer DoNotPay Hits $210M Valuation
August 01, 2021  |  Investments

DoNotPay’s company description is that of a “robot lawyer” trying to “beat bureaucracy,” and the company just more than doubled its valuation to approximately $210...

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