News

B2B Payments
Flex by Finaxar Helps SMBs With Spending Controls
October 01, 2021

Small and medium-sized businesses (SMBs) can now issue Flex Visa Debit cards to their employees to better regulate business expenditures using Singapore-based FinTech platform Finaxar Holdings Pte Ltd’s Flex by Finaxar. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Investments
eCommerce Startup Merama Closes $225M Series B Round
October 01, 2021

The Latin American eCommerce startup Merama has raised $225 million in Series B funding, bringing the value of its direct-to-consumer (D2C) financing business to close to $850 million. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

B2B Payments
Znode and Avalara Team to Automate VAT Compliance
October 01, 2021

B2B eCommerce platform Znode has partnered with cloud-based business tax compliance automation platform Avalara to support automated Value Added Tax (VAT) compliance, according to a Friday (Oct. 1) announcement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

International
Singapore Central Bank Plans Digital Data Sharing Platform To Fight Money Laundering
October 01, 2021

A digital sharing platform is being developed by Singapore’s central bank in a move to help fight money laundering and other financial maneuvers that fund illegal activity. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Regulation
White House Seeks Stablecoin Regulations
October 01, 2021

The White House has singled out stablecoins for regulations that would be akin to the mandates that banks must follow, according to reports on Friday (Oct. 1). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

International
Singapore, Malaysia to Test Cross-Border Payments 
October 01, 2021

The central banks of Singapore and Malaysia say their customers will be able to conduct real-time cross-border payment transfers via a mobile number starting next year.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Digital Banking
Google Abandons Plans for Plex User Bank Accounts
October 01, 2021

Google has jettisoned its plan to offer bank accounts to its users, The Wall Street Journal reported on Friday (Oct. 1). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

IPO
SPAC Listing Activity Picks Up As September Draws to Close
October 01, 2021

Special purpose acquisition company (SPAC) deals have resurged, just a bit, in recent days, closing out September in a month that saw more traditional initial public offerings (IPOs) dominate. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

News
The Week in Payments: BNPL Takes Over the World; Alexa Makes Itself Heard; Luxury eCommerce...
October 01, 2021

Just when you thought buy now, pay later (BNPL) couldn’t make any more headlines, this week saw Mastercard enter the space with a “build your own” installments capability enabled on the back end by, of all things, open banking, through Finicity in the U.S. This...