April 26, 2023
Investors Reportedly Anxious as Deadline for MoneyGram Sale Nears
Investors are reportedly feeling uncertain about MoneyGram as a deadline nears for its planned sale. The company’s stock dipped 2.4% Wednesday (April 26) in a move attributed to investors waiting...
April 10, 2023
e& Invests $400 Million in Uber’s Careem Super App Spinout
Technology and investment group e& has acquired a majority stake in the Careem super app. With the firm’s investment of $400 million — the completion of which is subject to regulatory approvals and other...
March 29, 2023
The Not-So-Silk Road: The Proliferating Regulatory Obstacles to Chinese Investment...
All companies engaged in M&A activity in the United States must plan for enhanced scrutiny from an increasingly aggressive DOJ and FTC, but non-U.S. companies, particularly Chinese companies, must also...
February 27, 2023
Bahrain’s Real-Time Payments Volume Primed to Exceed 1B By 2026
A neighbor to Saudi Arabia is positioning itself as a potential instant payments global leader. Real-time payments are quickly becoming a necessity for both domestic and international business transactions, from...
February 13, 2023
UAE Plans Digital Dirham to Promote Cross-Border Payments
The United Arab Emirates (UAE) is preparing to launch a central bank digital currency. The Gulf nation announced its digital currency plans Sunday (Feb. 12) as part of its Financial...
February 12, 2023
FTC Distributes $115M to Victims of MoneyGram Payment Fraud
The federal government has reimbursed nearly 40,000 victims of fraud schemes processed by MoneyGram. According to a Friday (Feb. 10) Federal Trade Commission (FTC) news release, the more than $115...
February 08, 2023
Crypto ATM Operator Cash Cloud Files for Bankruptcy
Crypto ATM operator Cash Cloud has filed for bankruptcy with at least 5,000 creditors. The firm, which does business as Coin Cloud, has assets between $50 million and $100 million,...
February 06, 2023
Beyon Money Taps TerraPay to Enhance Popular Bahrain Remittance Corridors
TerraPay has partnered with Beyon Money to enhance outward remittances from Bahrain in key corridors. The London-based cross-border payment services provider announced the partnership in a press release on Monday...
January 25, 2023
MoneyGram and Astra Tech Team on Money Transfers by Text
MoneyGram and Astra Tech are collaborating amid growing demand for Middle Eastern money transfer services. The partnership will see MoneyGram offer transfer services via Astra’s United Arab Emirates-based communications company...