News

B2B Payments
Today In B2B Payments: Hospitality Bridges AP Expense Gap; Architect Capital Launches Asset-Based Lending
June 07, 2021

Today in B2B payments, Goldman Sachs teams with Visa on cross-border B2B payments, and Plate IQ explores how the hospitality industry is blurring the line between accounts payable (AP) and expense management. Plus, Architect Capital launches, Fintainium partners with Visa, and Albertsons taps C2FO for...

IPO
India’s Paytm Likely Heading Toward IPO At $3 Billion Valuation
June 07, 2021

India’s most valuable startup, Paytm, is likely moving forward with its planned $3 billion initial public offering (IPO) and sent an offer for sale (OFS) to employees, Bloomberg reported on Monday (June 7), citing a memo it reviewed as well as sources. Get the Full...

Investments
Foreign Investors Pour Millions Into Pakistan’s FinTech Startups
June 07, 2021

Foreign investors are pouring millions of dollars into Pakistan’s FinTech startups as two new funding deals — KTrade and Abhi — notch an infusion of fresh capital totaling $6.6 million, Bloomberg reported on Monday (June 7).  Get the Full Story Complete the form to unlock...

Point of Sale
Worldline, Toshiba Partner On Hybrid Checkout Kiosk
June 07, 2021

European payments and transactional services firm Worldline has announced it will bring Toshiba’s Pro-X Hybrid Kiosk to market, helping retailers optimize the layout of their stores through a more flexible approach to the point of sale and providing a more sophisticated checkout experience. Get the...

Digital Banking
Banks Compete To Meet Rising Demands Of Younger Consumers
June 07, 2021

Another day, another entrant to the public markets by a challenger bank, made possible by a special-purpose acquisition company (SPAC) merger. On Monday (June 7), challenger bank startup Dave’s public debut was made possible via a partnership with VPC Impact Acquisition Holdings III (VPCC), sponsored...

B2B Payments
State Bank Of India Invests In SMB Payments Firm Cashfree
June 07, 2021

The State Bank of India has made an investment in Cashfree, the digital payments and banking tech company said Monday (June 7). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Regulation
Stablecoins Need Same Rules As Other Currency, BOE Says
June 07, 2021

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...

Regulation
China Flexes Anti-Crypto Muscle, Blocks Weibo’s Crypto Influencers
June 07, 2021

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 —...

Acquiring
Nium Invests In B2B Travel Payments With Ixaris Acquisition
June 07, 2021

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...