The payments division of ride-sharing and food delivery firm Didi was hit with 4.27 million yuan ($632,170) in fines on Friday (July 15) by the People’s Bank of China, Reuters reported, citing a notice from the central bank. Didi’s payments division was fined for 12...
Digital banking platform Apiture has closed a $29 million fundraising round, and plans to use it to increase its marketing efforts, speed up product development and meet increased demand for the Apiture Digital Banking Platform, according to a company press release. Live Oak Bank led...
Today in B2B payments, companies are starting to tap into the cash reserves they built during the COVID-19 pandemic, while Goldman Sachs leads an investment group that sends $150 million in debt financing to spend management platform Airbase. Plus, Synchrony and Fiserv collaborate on BNPL...
The benefits of real-time payments are catching the attention of a growing number of corporate treasurers and billing and payment executives. Helping to boost that growth is the fact that most companies that already use real-time payments plan to use them more often, according to...
Mexican FinTech Stori has achieved “unicorn” status following a $150 million Series C round that brought the company’s valuation to $1.2 billion. As Reuters reported Friday (July 15), the round was led by BAI Capital, Singapore’s GIC and GGV Capital. Participating investors include Lightspeed Venture...
Companies have begun dipping into the cash supplies they built up when the pandemic began, using that money for acquisitions, buybacks and buying inventory to deal with supply chain backlogs. But as The Wall Street Journal (WSJ) reported Friday (July 15), this spending of cash...
This week in TechREG in Europe, the Middle East and Africa (EMEA), global regulators and several central banks discussed the need for regulating the cryptocurrency space. While the European Central Bank (ECB) urged a quick implementation of the new European Union rules on crypto, the...
FinTech disintermediation has innovated and improved the banking experience, but new research shows that consumers are tired of managing these services as separate relationships, with nearly half saying they would prefer to have more of them bundled by one financial institution (FI). That’s a huge...
As Amazon was busy handling 100,000 transactions per second at its eighth and biggest Prime Day sales event this week, it was Just Another Tuesday for rival Walmart which is two years into an omnichannel shift that will convert its 4,700 physical stores into rapid delivery micro-fulfillment centers. This,...
