April 09, 2024
dLocal and Papaya Global Partner on Global Payroll Solution
Cross-border payment platform dLocal is partnering with payroll and payments platform Papaya Global to drive global workforce payments. Through the partnership, the companies aim to enable global firms to pay...
April 09, 2024
Empower Signs Deal to Acquire Petal, Completes Purchase of Cashalo
Empower Finance plans to acquire Petal and has completed its acquisition of Cashalo. These acquisitions will expand Empower’s credit offerings to new markets in the United States and Southeast Asia, the company said in...
April 09, 2024
Microsoft to Invest $2.9 Billion for AI Projects in Japan
Microsoft will invest $2.9 billion for artificial intelligence projects in Japan. The investment will go toward expanding Microsoft’s cloud and AI infrastructure in the country, training 3 million people in...
April 08, 2024
TerraPay Gets Payments License From Singapore’s Central Bank
Money transfer firm TerraPay received a major payment institution license in Singapore. The approval by the Monetary Authority of Singapore means that TerraPay is either licensed or approved in 30 markets around the world,...
April 04, 2024
PayPal Ventures Backs Hyperlocal Marketing Firm SingleInterface
India-based “hyperlocal marketing-to-commerce” firm SingleInterface raised $40 million in new funding. The funding round was led by Asia Partners, with participation by PayPal Ventures, according to a Thursday (April 4) press release. Founded by entrepreneurs Tarun Sobhani and Harish...
April 04, 2024
Singapore Licenses Crypto Platform GSR Markets
Regulators in Singapore have given a license to cryptocurrency market maker GSR Markets. As Bloomberg News noted in a report late Wednesday (April 3), the move is a rare one for the digital...
April 04, 2024
ClearBank Considers US Expansion After Hitting Profitability
Embedded banking firm ClearBank is reportedly planning to expand into Europe and the U.S. Charles McManus, the British firm’s CEO, told Bloomberg News Thursday (April 4) that the company has...
April 03, 2024
Ulta Warns of Cooling Demand Amid Ongoing Consumer Caution
After years of strong sales growth, Ulta Beauty is warning of a slow period ahead. The retailer’s chief executive said Wednesday (April 3) that he expects moderate mid-single digit sales growth, sending the...
April 03, 2024
Travelex Brings ‘Click-and-Collect’ FX Service to Hong Kong
Foreign exchange brand Travelex says it has launched its online click-and-collect service in Hong Kong. The new offering, announced Wednesday (April 3), lets customers purchase their travel cash in advance online, reserving...