Global payments vendor Adyen on Tuesday (Dec. 16) said that it has closed $250 million in new funding, led by global growth equity investor General Atlantic, with additional participation from Temasek, Index Ventures and Felicis Ventures. “Adyen is at the forefront of a rapidly globalizing...
Brazil is one of the fastest-growing payments markets in the world, with the most developed card market in Latin America and boasting 70 percent of the total ecommerce transactions in the region — and now mobile payments may be about to take off there, according...
In the late 90’s there was a popular bumper sticker “Think Globally, Act Locally,” that had all but disappeared by the mid-2000’s when their original owners bought Priuses, which successfully conveyed the same message without the risk to the paint that accompanies a bumper sticker....
For well over a decade, players across the payments space and all around the world have been trying to crack the code on delivering mobile financial services to the un-and-underbanked consumer. And despite many great ideas and the urgent need to move those without bank...
Managing the “dozens of ACH islands” that exist around the worldwide in order to pay hundreds or even thousands of payments to suppliers is typically time consuming and expensive. But that’s exactly the problem that Chen Amit, set out to solve four years ago when...
An Argentine bank whose anti-money-laundering controls got a clean bill of health from the New York Federal Reserve is now at the center of civil and criminal Federal investigations over laundering of $24 million by means of more than 20,000 separate checks between 2005 and...
It seems soon Greyhound buses and Amtrak trains could soon know the world of hurt that ride-sharing has already brough to the world’s taxi operators. Instead of offering a taxi service like Uber or Lyft, Tripda matches passengers and drivers (who are already planning travel)...
Bank of America Merrill Lynch has added some significant new global features for its B2B cards, including expanded country footprints (adding Guatemala and Turkey), real-time account management and integrated global data consolidation in Hong Kong and India, additional B2B payment options in 27 more countries...
Remittances to developing countries are expected to reach $435 billion this year, representing a 5 percent increase over 2013. Remittances also grew faster this year–in 2013, the annual growth rate was around 3.4 percent. The main drivers for growth were Asia and South America. The...
