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...
As millions of consumers shifted their shopping activities online, businesses faced numerous barriers when meeting them there, particularly companies seeking to penetrate the United States market from abroad. From complex anti-fraud and anti-money laundering regulations to the difficulty of opening bank accounts in the U.S....
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...
Remitly, preparing to go public, detailed a cross-border payments opportunity worth in the trillions of dollars annually, and said that the global remittance market is ripe for a tech-led overhaul toward mobile channels. Get the Full Story Complete the form to unlock this article and...
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...
