In response to a government inquiry, Australian buy now pay later (BNPL) firm Afterpay told the Australian Senate that the use of cryptocurrency could shave merchant fees associated with payments and urged the government to develop a framework for an AUD-backed stablecoin. Afterpay is scheduled...
Today in payments around the world, First Abu Dhabi Bank is selling its stake in payments division Magnanti and PayMyTuition partners with dLocal on international tuition payments. Plus, KYODIA and Western Union team up on cross-border B2B money transfers and FAT Brands is opening 70...
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...
Payment processing provider PayMyTuition on Tuesday (Sept. 7) announced a partnership with international cross-border payments platform dLocal. 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 to our...
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...
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...