December 19, 2023
New Use Cases Needed to Drive Instant Payments Momentum Worldwide
Form3 CEO Dave Scola told PYMNTS that instant payments have a long way before they reach their full potential. “I’m not disappointed by the rates of adoption, but I am...
December 18, 2023
Shopee Acquires Blu’s Local Credit Arm, Grows Presence in Brazil
Shopee, an eCommerce firm owned by Singapore-based Sea, is expanding its presence in Latin America with the acquisition of the local credit arm of Brazilian FinTech company Blu. This strategic deal, which...
December 18, 2023
Lawmakers Say EU Regulations Unfairly Target US Tech Companies
A bipartisan group of U.S. lawmakers reportedly wrote a letter to President Joe Biden expressing concerns that the European Union’s digital regulations unfairly target American technology companies. The lawmakers argued...
December 17, 2023
Visa Acquires Majority Stake in Prosa to Boost Digital Payments...
Visa is acquiring a majority interest in Mexican payments processor Prosa to expand digital payment adoption in that country. The agreement, announced Friday (Dec. 15), will see Prosa continue to operate as an...
December 15, 2023
Expelling the Economists from EU Merger Control
In this essay I discuss the claims and evidence in a recent paper, which has received significant attention in the media and the policy debate. The paper finds that “hired...
December 14, 2023
Kapital Raises $165 Million to Expand Banking Platform
Banking and technology platform Kapital has raised $165 million in new capital. The Mexico City-based company announced the funding — a $40 million Series B equity financing round and $125 million in debt financing...
December 14, 2023
Why Network Tokenization Is eCommerce’s Newest Essential
The dramatic shift in consumer spending habits of the past few years continues unabated, with consumers today completing one in five transactions digitally. However, as eCommerce growth outpaces in-store sales,...
December 13, 2023
Use of Working Capital Solutions Set to Rise 26% Among...
North America ranks second, behind Latin America and the Caribbean (LAC), among the five regions analyzed in the “Growth Corporates Working Capital Index.” In the past 12 months, 71% of...
December 11, 2023
Citi Provides Investment and Technology to Colombian FinTech Supra
Citi has led a strategic investment round in Supra, a Colombian FinTech that enables cross-border payments and treasury solutions. Supra provides these solutions to small and medium-sized businesses (SMBs) involved...
