Paris will be the recipient soon of a blank-check company for technology investments, the latest sign that they’re not immune to the recent special purpose acquisition company (SPAC) trend, according to a Thursday (March 25) Bloomberg report. Get the Full Story Complete the form to...
Instant payments, integrated — and pan-European in scope. 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 daily newsletter, PYMNTS Today. By completing this form, you...
In today’s top payments news around the world, PPRO upped its latest funding round to $270 million, while Sequoia Capital India’s Surge accelerator announced that it has closed its second round of seed funding at $195 million. Plus, China’s central bank said it planned digital...
China has proposed global rules for how central bank digital currencies (CBDCs) should operate, Reuters 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 to our daily...
In India, digital payments are on the rise, digital lending will make inroads and FinTechs will gain market share – and, per the central bank, it all bears watching, with an eye on data privacy and security. To that end, Reserve Bank of India (RBI)...
Silicon Valley’s Drip Capital has inked a deal with East West Bank that will provide the financial technology company with a $40 million line of credit. The FinTech said, in a press release, that it would use the money to expand its trade finance opportunities...
Several Chinese bankers have agreed to let Alipay, Ant Group’s finance arm and the biggest payments processor in China, take a larger percentage of fees as the FinTech works to regain lost valuation, the Financial Times (FT) reported. Get the Full Story Complete the form...
In today’s top payments news around the world, regulators in China are mulling over limitations on “loan-facilitation,” while the Financial Conduct Authority (FCA) said that younger traders are taking part in risky investments without completely understanding the possible downsides and effects. Plus, Indian companies have...
In today’s top payments news around the world, Jumio has secured a $150 million investment from Great Hill Partners, while Nuvemshop has raised $90 million in funding. Plus, MobiKwik of India is reportedly looking to go public. Get the Full Story Complete the form to...