In today’s top payments news around the world, Indian online payments platform Cashfree has landed millions in new funding to help fuel its growth, while InComm Payments has acquired Brazilian gift card processor Todo Cartões. Plus, Li Keqiang, premier of the People’s Republic of China, forecasts that the country could return to usual economic activity by 2021.
Indian Digital Payments Platform Cashfree Lands $35M from Apis Partners
Cashfree has notched tens of millions in new capital to help power its growth. Apis Partners, the U.K.-based private equity investor, is pumping $35 million into the Bengaluru-based firm for a minority equity position. Cashfree says its online payments infrastructure is now harnessed by 50,000 companies throughout India to pay wages to staffers and payouts to suppliers in addition to mass reimbursements.
InComm Acquires Brazilian Gift Card Processor Todo Cartões
InComm Payments has bought Todo Cartões in an acquisition that will help grow InComm Payments’ Brazilian reach. InComm Payments, which is based in Atlanta, has been operating in Brazil for nearly 10 years, providing end-to-end payment platforms and offerings to more than 4,500 points of sale at retail stores. Brazil’s gift and prepaid card market is said to be expanding yearly at a double-digit clip.
China Expects Economy to Improve in 2021 as Region Sees Boost in Tourism
Chinese Premier Li Keqiang predicts that the nation could go back to typical economic activity by 2021. “This year can achieve positive growth, and we expect next year’s (economic) operations can recover to a reasonable range,” Li said at a news conference, as per a published report. He said China would put equal weight on exports and imports, seeking to receive a “balance of trade.”
French Officials and Biden Team Set to Talk on Trade, Taxes
European countries are hoping that an anticipated thaw in their relations with the United States following the shift of administrations will include a deal over Big Tech taxation. French trade leaders are scheduled to talk in the coming week with those on U.S. President-elect Joe Biden’s team regarding taxes and trade.
We’re always on the lookout for opportunities to partner with innovators and disruptors.
Learn More