Czech investment firm McWin is set to acquire a majority stake in restaurant business L’Osteria. In a statement on Tuesday (Jan. 24), McWin said it will purchase a majority stake in the Italian restaurant chain, subject to regulatory approval. Although McWin did not state the...
A digital euro should complement, not replace, other electronic payment methods or cash. So said European Central Bank (ECB) Executive Board Member Fabio Panetta in a Monday (Jan. 23) speech to the European Parliament’s Committee on Economic and Monetary Affairs. “Our priority for the digital...
The EURM token is the latest euro-denominated stablecoin endorsed by Spain’s central bank. The new digital euro will be issued by Spanish FinTech Monei, which has been authorized by the Banco de España (BDE) to test the stablecoin in its regulatory sandbox, Spanish media has...
The two biggest economies in South America are reportedly working on a common currency. Brazil and Argentina will announce the project this week, the Financial Times (FT) reported Saturday (Jan. 21), noting that the move could someday create the second-biggest currency bloc on the planet. “There...
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 Aging tech infrastructure and outdated software can hamstring critical business operations and lead to customer and vendor frustrations, even the eventual loss of their business.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...