The Venezuelan government said it will knock five zeros off its currency — the bolívar — instead of the three it had planned. According to Financial Times, the decision is a move to keep up with hyperinflation, which the International Monetary Fund (IMF) predicts will...
The definition of a really good day: Raise $100 million led by a company that not only has obviously deep pockets, but a deep presence in a vital part of the world for payments and the digital economy. That really good day was enjoyed by...
Paytm, a digital payment company out of India, said Thursday (July 26) that it didn’t share user data with investors or any foreign entities just one day after a member of Parliament, Narendra Jadhav, argued Alibaba’s stake in the company was a “very serious threat...
Welcome to the Five at Five your late look at the payments and commerce news of the day. Coverage includes Equifax reporting second quarter earnings, Walmart promoting the baby market and JCPenney targeting moms. Also, Flywire raises $100 million and Venmo books more than $14 billion in...
Payments company Stripe is rolling out a new solution that lets businesses create and issue their own credit and debit cards, the company announced on Thursday (July 26). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Flywire, the payment company for businesses and institutions, announced on Thursday (July 26) that it has raised $100M in new venture funding. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Welcome to The Axis, your late look at payments news from around the world. Coverage includes Worldpay’s work on payment technology for drones. In addition, Singapore-based Grab is rolling out new services in Thailand, and Indonesia’s FinAccel has notched $30 million in Series B funding. Get the...
Mastercard results released on Thursday (July 26) showed growth in international transactions, where double-digit percentage gains outpaced other metrics such as gross dollar volumes, which also showed healthy growth. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Simple ideas can sometimes have a surprisingly powerful impact. They can also be harder to engineer from the outside than one might assume. Such is the story of UNTUCKit, the menswear firm premised on an incredibly simple idea: Men should be able to wear their...
