Mastercard and ACI Worldwide are teaming up to advance real-time payments in Peru in collaboration with Cámara de Compensación Electrónica (CCE). “The volume of immediate transfers that we process each month has more than quadrupled. In January 2020, we processed 580,000, a number that increased...
The trade group UK Finance “has set out proposals to place the financial services industry at the heart of the U.K.’s post-COVID-19 economic recovery, with an ambitious strategy to boost U.K. exports of financial services,” per a news release. Get the Full Story Complete the...
Ant Group’s MYBank is getting in on China’s moves toward launching a digital currency. The online bank said it will now be one of the participants in China’s digital yuan research program, Reuters reported on Monday (Feb. 22). Get the Full Story Complete the form to...
TransferWise will change its name to simply Wise, a press release says, which will reflect the broader change of the company beyond its original roots as a money transfer company. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
In today’s top payments news around the world, Chinese healthcare company SPH Health Commerce has landed approximately $160 million in a Series B funding round, while The Singapore Exchange is reportedly considering listing blank-check companies. Plus, Signet Partners has invested an undisclosed amount in Singapore’s...
In today’s top payments news around the world, India-based KreditBee has raised $75 million in a Series C round, while Lakestar Founder Klaus Hommels has launched a special purpose acquisition company (SPAC). Plus, Chinese retail solutions startup DMall is said to be considering a plan...
Chinese grocery app Dingdong Maicai is considering an initial public offering (IPO) in the U.S. to advance expansion in the fresh food delivery market, Bloomberg reported, citing sources. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
A month-long investigation by Luckin Coffee into its current CEO found no evidence of misconduct, Reuters reported Wednesday (Feb. 17). 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...
Europe is looking to Amsterdam as a launchpad for special-purpose acquisition companies, (SPAC), the Financial Times (FT) reported on Wednesday (Feb. 17). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
