News

Digital Banking
Singapore Says They’ll Award Digital Banking Licenses By Year’s End
November 24, 2020

Singapore’s financial regulator is sticking to the original plan to award digital banking licenses by the end of the year, according to a Bloomberg report, no matter how tight the scrutiny is in China and the U.S. Get the Full Story Complete the form to...

Digital Banking
Entersekt Teams With Cellulant For More Secure Digital Banking
November 24, 2020

South African FinTech company Entersekt is partnering with African FinTech Cellulant to bring enhanced cybersecurity to mobile banking and digital payments.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Investments
FinTech Stripe Eyes Funding Round That Could Put Valuation At $100B
November 24, 2020

FinTech Stripe is considering a funding round to value it higher than the $36 billion it got on its last round, Bloomberg reports. According to people familiar with the discussions, the new valuation could hit as much as $70 billion or maybe as much as...

International
China Expects Economy To Improve In 2021 As Region Sees Boost In Tourism
November 24, 2020

Li Keqiang, Chinese premier, forecasts that the country could return to normal economic activity by next year, Reuters reports. 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...

Retail
Accor And Ennismore Join Forces To Create Global Lifestyle Hotel Giant
November 24, 2020

The hotel industry may be struggling in the wake of COVID-19, but a new deal by two major global operators shows there is still lots of life left in the sector. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Partnerships / Acquisitions
InComm Acquires Brazilian Gift Card Processor Todo Cartões
November 24, 2020

Global payments platform InComm Payments has acquired Brazilian gift card processor Todo Cartões, the company announced in a press release emailed to PYMNTS. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

B2B Payments
Barclays Works With CGI To Implement Trade Finance Platform
November 24, 2020

Barclays Corporate Banking is working with CGI to put the CGI Trade360 system into place, which will provide an international trade finance offering to the bank’s customers in Britain and across the globe, according to a Tuesday (Nov. 24) announcement. Get the Full Story Complete...

Regulation
SEC Plan Would Let Gig Workers Get Up To 15 Pct In Compensation Via Stock
November 24, 2020

Food delivery workers, among others who work in the gig economy, would be able to get as much as 15 percent of their compensation in stock with a proposal made public by the U.S. Securities and Exchange Commission (SEC) Tuesday (Nov. 24), Bloomberg reported. Get...

Retail
International Retailers See Sales Drop In Destination Locales
November 24, 2020

The pandemic-induced lull in global tourism is taking its toll on several large retail chains, including Abercrombie & Fitch and Tiffany & Co., which are struggling to make up for a lack of foot traffic. Get the Full Story Complete the form to unlock this...