KLYM is reportedly raising $27 million to expand its working capital offering in Latin America. The Colombian FinTech, which was formerly known as OmniLatam, plans to use the new capital to expand in Brazil, Chile and Colombia and to start up in Mexico, Bloomberg reported...
For midmarket B2B firms, intelligent decision-making about how, and when, to move money is more challenging than ever. Patrick Gauthier, CEO of B2B FinTech Convera, told Karen Webster that as companies navigate supply chain pressures, inflation and rising interest rates — not to mention a...
As businesses look to expand abroad, digital modernization can stop bad history from repeating itself. Aging tech infrastructure and outdated software can hamstring critical business operations and lead to customer and vendor frustrations, even the eventual loss of their business. This, as “archaic” and “failing...
Australia-based FinTech Airwallex says its customers can now accept American Express as a payment method. The two companies announced their partnership Tuesday (Jan. 17) in a news release provided to PYMNTS, saying it lets Airwallex customers in Australia, Hong Kong, Singapore, and the U.K. accept...
A digital pound consultation is expected to be published in “weeks not months.” The comments were made by city minister Andrew Griffith during a Treasury Select Committee hearing on the crypto industry earlier this month. Asked by the committee chair, Harriett Baldwin, whether the government...
Airtel Africa has acquired 5G spectrum capacity in Nigeria, one of the region’s largest economies. The news, announced by the company this week, means that Airtel will become just the third network operator that has been issued a 5G license by the Nigerian Communications Commission...
India is paving the path to payments interoperability — not just across providers, but across borders. For payments to become truly ubiquitous — especially real-time remittances — countries’ payments schemes have to connect, streamlining the direct transfer of funds. India’s National Payments Corporation of India...
Recent Big Tech moves highlight advancements in the design of augmented reality (AR) glasses. While the concept has been around for a while — it’s been about a decade since Google Glass first gave AR glasses mainstream attention — Meta’s move to snap up the...
Beyond convenience, there are major safety advantages to a cashless society. Proponents of cashless transactions and electronic money have often pointed to the risk of violent crime associated with storing and transporting large volumes of cash as an argument for reducing its presence in the...