News

B2B Payments
Crypto for Cross-Border Payments Backed By Half of Multinationals, New Study Shows
September 28, 2021

While the embrace of blockchain technology and use cases for digital currencies are clearly disruptive and rising quickly, nowhere has this budding asset class received a more important early endorsement than from multinational corporations. Get the Full Story Complete the form to unlock this article...

Regulation
Chinese Regulators Order Alibaba To Adopt Tencent’s WeChat Pay
September 28, 2021

In a push to even the playing field and stop monopolistic practices, Chinese regulators ordered Alibaba to adopt Tencent’s WeChat Pay on its platform, CNBC and other news outlets reported on Tuesday (Sept. 28). Get the Full Story Complete the form to unlock this article...

Investments
InsurTech Cover Genius Nails AUD $100M Series C Funding Round
September 28, 2021

InsurTech startup Cover Genius raised AUD $100 million in a Series C funding round led by Sompo Holdings with participation from G Squared and other existing investors, the company said in a press release emailed to PYMNTS on Tuesday (Sept. 28). Get the Full Story...

Retail
BitPay, Verifone Bring Crypto to the Brick and Mortar POS
September 28, 2021

To broaden cryptocurrency’s appeal — beyond the speculative frenzy — broaden its acceptance. 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 newsletter, PYMNTS Today....

Security & Fraud
With 80% of Data Breaches Involving Passwords, Their Retirement Cannot Happen Soon Enough
September 28, 2021

Passwords are, in a word, broken. We all know this — and yet we continue to use them almost reflexively. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

B2B Payments
Airwallex, Stake Team on Cross-Border Payments
September 27, 2021

FinTech company Airwallex has announced that it will be used by Australia-based digital brokerage Stake as a cross-border payments and foreign exchange (FX) partner, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

IPO
Inside Remitly: Five Things to Know About the Newly Listed Money Transfer FinTech
September 27, 2021

Global remittance startup Remitly has made its trading debut on the Nasdaq under the ticker RELY, raising about $300 million through its IPO, which was priced at $43 — slightly above the previously announced expected range of $38 to $42. Get the Full Story Complete...

Merchant Innovation
LinkedIn Explores Hosting Paid Events on Its Platform
September 27, 2021

LinkedIn is deciding whether it will let users charge for virtual events hosted on the social media job site, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

B2B Payments
India’s Swiggy in Talks to Raise $800M From Investors
September 27, 2021

Swiggy will be engaging in more fundraising as the Bengaluru-based online food ordering company is in talks with investors to raise around $800 million, Entrackr reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...