First Abu Dhabi Bank (FAB), a public joint stock company and the largest bank in the United Arab Emirates (UAE), is looking to sell a stake in its estimated $1 billion payments division Magnati, Bloomberg reported. Get the Full Story Complete the form to unlock...
A rash of “lightning kidnappings” in Brazil has forced the country’s central bank to restrict use of the Pix payment platform. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Today in payments around the world: Singapore considers easing SPAC listing guidelines. Plus, U.S. remittances to Mexico reach a record-high $4.54 billion and Airwallex gets a Malaysian money services business license. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Australian FinTech platform Airwallex on Thursday (Sept. 2) announced that the company has secured a money services business (MSB) license from Bank Negara Malaysia, which will allow Airwallex to offer integrated international payment solutions for Malaysian businesses of all sizes. Get the Full Story Complete...
Remittances to Mexico from the U.S. are seeing new highs, hitting a record $4.54 billion in July, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
Singapore Exchange, a major stock market in Asia, is readying a launch of simplified regulations for listings of special purpose acquisition companies (SPACs), according to a Wednesday (Sept. 1) report from Reuters. Get the Full Story Complete the form to unlock this article and enjoy...
Despite new rules from the European Union to stop nonessential travel from the U.S., the region isn’t rushing to block tourism from America, The Wall Street Journal (WSJ) reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
With its central bank effectively leaderless and the Afghani dollar in a nosedive, geopolitical aspects of the Taliban takeover are being overshadowed by the collapse of Afghanistan’s financial system, and the toll of drastic money shortages on a nation of over 39 million people. Get...
Mobile-first FinTech authentication platform Entersekt is teaming up with Norway’s electronic identification solution BankID to offer financial institutions (FIs) in Norway a unified approach to managing identification protocols. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
