Following a selection process that included the Bank of Canada, Payments Canada will partner with Interac Corp. to serve as the exchange solution provider for the country’s Real-Time Rail (RTR). Expected to be introduced next year, the RTR will be operated by Payments Canada and...
Amid Greensill Capital’s apparent unraveling, the question must be asked whether something specific to the business has caused the pressures and troubles, or whether it’s what might be thought of as a “one-off.” Get the Full Story Complete the form to unlock this article and...
Delivery startup Instacart is now valued at $39 billion — double its previous valuation — after its latest fundraise of $265 million, according to a blog post on Tuesday (March 20). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
As the COVID-19 pandemic continues to put lives at risk around the world, consumers are becoming increasingly accustomed to technologies that offer COVID-safe alternatives for potentially dangerous activities — and demand is only growing for such solutions. In Europe, where the vaccine rollout is progressing...
MercadoLibre said that net revenues rose to $1.3 billion — in U.S. dollars, up nearly double from the same quarter a year ago. However, the company posted a net loss of $50.6 million, resulting in net loss per share of $1.02. Get the Full Story Complete...
Gambling software startup Simplebet has closed a $15 million funding deal to advance its sports betting platform, CNBC reported on Tuesday (March 2). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Square gets a bank – and so, now what? It may be the case that the proverbial floodgates have opened for FinTechs to leverage what we might think of as the “industrial bank” operating model, in order to meld digital-first operations with traditional banking services. Get...
For a company that was launched in 2017 and has steadily built a loyal customer base for its body-shaping creams and lotions among new moms and 25-35 year old millennials, nothing can compare to the growth Maëlys has experienced over the past year. Get the...
Although Jack Ma agreed to turn over Ant Group’s customer financial data, the People’s Bank of China (PBoC) and Beijing regulators are not satisfied with the quality of what’s been submitted, the Financial Times (FT) reported on Tuesday (Mar. 2), citing sources. Get the Full...
