News

Payment Methods
In Brazil, Bitcoin Acceptance Comes With More Regulation
October 04, 2021

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Cross-border Payments
QNB, Ripple Partner on Cross-Border Payments
October 04, 2021

Qatar National Bank (QNB) has unveiled its global cross-border payment strategy, which is happening through a partnership with the blockchain solutions provider Ripple. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Payments Innovation
PayNearMe Launches MoneyLine iGaming Tool
October 04, 2021

The mobile cash payments platform PayNearMe has launched a new platform to help “manage the complexities of the iGaming money movement.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Investments
Ribbit Capital Invests in Indonesian Digital Bank, Bank Jago 
October 04, 2021

Venture capital firm Ribbit Capital recently bought a minority stake in a Jakarta-based digital bank Bank Jago, the country’s first fully digital bank, according to a report Monday (Oct. 4) by The Straits Times.  Get the Full Story Complete the form to unlock this article...

B2B Payments
UK Open Bank Platform Crezco Raises $4M
October 04, 2021

The London-based FinTech Crezco announced Monday (Oct. 4) it had raised 3 million pounds (or $4 million) in seed funding. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Mobile Payments
Ant Group, Tencent Give State-Owned UnionPay More Access to Mobile Payment Platforms 
October 04, 2021

Alipay and WeChat Pay are giving state-owned bank card clearinghouse UnionPay even more access to their mobile payment ecosystems as China continues to push Big Tech companies to become more transparent in their operations, the South China Morning Post reported Monday (Oct. 4).  Get the...

IPO
AP Firm AvidXchange Looks at $506M IPO
October 04, 2021

The accounts payable (AP) solution AvidXchange Inc. is looking to go public with a half-billion-dollar IPO. 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...

B2B Payments
Today in B2B: Beacon’s $50M Funding Bounty; Payroll Compliance More Important Than Ever 
October 04, 2021

Today in B2B payments, Beacon adds $50 million for product development and expansion, and Rabbet‘s CEO discusses how to solve the $100 billion construction industry payments problem. Plus, Emlen will put $4.2 million in new funding toward a B2B buyer experience with Netflix undertones, and...

Regulation
GDPR Fines Exceed $1.1B in Q3
October 04, 2021

The General Data Protection Regulation (GDPR)’s 984.47 million euro fines (more than $1.14 billion) in the third quarter of 2021 was almost 20 times higher than the combined total of Q1 and Q2, and triple the total amount of fines in all of 2020, according...