News

B2B Payments
Microsoft To Bolster Small Businesses With First Bank of Nigeria
June 05, 2018

Microsoft is partnering with First Bank of Nigeria to provide support for small businesses in the country, reported in Nigerian outlet The Guardian on Monday (June 4). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

B2B Payments
China Efforts To Reign In Corporate Debt To Hurt Economic Growth, Says Fitch
June 05, 2018

Global ratings agency Fitch warns that China’s efforts to reduce corporate debt levels will likely have a negative impact on the nation’s economy, according to South China Morning Post reports Monday (June 4). Get the Full Story Complete the form to unlock this article and...

Investments
Marqeta Pulls In $45M; Eyes Domestic, Global Growth
June 05, 2018

Marqeta, the open API platform for card issuing and solutions, announced it has raised $45 million in a new round of funding. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Wearables
Fitbit Versa Smartwatch Shipments Top 1M
June 05, 2018

Fitbit announced that it has shipped more than one million Fitbit Versa devices since they went on sale on April 16. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Mobile Payments
Xoom Bumps Limits For X-Border Payments To 25K
June 05, 2018

The PayPal service Xoom announced that it has increased its send limits to $25,000 USD per transaction for over 50 countries, including India, Canada, the United Kingdom and the Philippines. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

IPO
Adyen Shoots For A $1 Billion IPO
June 05, 2018

There is an official price for Adyen’s IPO scheduled for the Euronext stock market in Amsterdam.  According to reports in the Financial Times, with the pricing of Adyen’s initial public offering, the Dutch payments group has an equity valuation of between €6.5 billion and €7.1...

Artificial Intelligence
How Financial Services Can Prevent Bias In AI
June 05, 2018

It won’t be medicine — or manufacturing, human resources, commerce or logistics. No, when it comes to the biggest immediate impact that artificial intelligence (AI) will have upon the world, financial services will likely take that honor — a looming prize that provides fresh opportunity...

Europe
Lendix Notches $37M Amid European Expansion
June 04, 2018

After raising $37 million in a funding round backed by investors such as Idinvest and Allianz, French lending platform Lendix is eyeing expansion in Europe. The backing will provide a boost to its growth plans in countries such as Germany, TechCrunch reported. Get the Full...

Banking
Revolut Plans To Apply For Banking License In The US
June 04, 2018

After applying for a banking license in Europe, Revolut plans to apply for one in United States in the near future. Chief Executive Officer Nikolay Storonsky said the startup could apply for a license in California by the end of 2018, Reuters reported. Get the...