The Bank of England wants stablecoins to be governed by the same regulations as other payments handled by banks if and when they become widely used. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
China has blocked cryptocurrency and decentralized finance (DeFi) accounts and influencers from Sina Weibo, which is the Chinese equivalent of Twitter, The Guardian reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
The payments platform Nium announced on Monday (June 7) that it would acquire the travel payments optimization platform Ixaris as part of a global expansion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
The rapid rush to digitization pushed by the pandemic period over the last 15 months has sparked something of a renaissance among peer-to-peer (P2P) payments players, not only expanding their offering to consumers but also by looking to take on larger chunks of the markets...
Challenger bank startup Dave is partnering with special-purpose acquisition company (SPAC) VPC Impact Acquisition Holdings III (VPCC), sponsored by Victory Park Capital (VPC), with an expected equity value of about $4 billion. Get the Full Story Complete the form to unlock this article and enjoy...
Amazon is taking a new tack in its crusade to raise the federal minimum wage, by noting the rising economic clout that the increased paychecks of its 1 million-plus employees is having on local small and medium-sized businesses (SMB) and in turn the broader economic...
Even as it expands its online presence, Walmart has struck a deal with GNC, the health and wellness company, to sell its products in the retail giant’s store. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
When Etsy announced its $1.6 billion acquisition of U.K.-based secondhand fashion reseller Depop last week, it was framed traditionally, as many sizable deals are: two like-minded companies coming together to enjoy the benefits of scale from their shared synergies and cultural values. Get the Full...
G-III Apparel Group is growing bullish on 2021, as the company racked up first-quarter results showing a turnaround from the previous year. The company also made some big changes by closing its Wilsons Leather and G.H. Bass stores. Get the Full Story Complete the form...
