PayPal is hiking merchant fees between businesses operating in the U.K. and those in the European Economic Area (EEA), the BBC and multiple news outlets reported. The new fees apply to all of the U.K., plus Guernsey, Jersey, Gibraltar and the Isle of Man. Get...
Slice, an Indian fintech startup, has expanded its credit offering, modifying the credit limit to 2,000 rupees, or around $27, which is a massive decrease from the old amounts, a report from Moneycontrol says. Get the Full Story Complete the form to unlock this article...
If anyone has the knowledge and experience to speak confidently about the ups and downs of Africa’s technology and payments ecosystem, it’s 30-year-old serial entrepreneur Iyin Aboyeji, better known as “E.” Get the Full Story Complete the form to unlock this article and enjoy unlimited...
In response to a government inquiry, Australian buy now pay later (BNPL) firm Afterpay told the Australian Senate that the use of cryptocurrency could shave merchant fees associated with payments and urged the government to develop a framework for an AUD-backed stablecoin. Afterpay is scheduled...
Today in payments around the world, First Abu Dhabi Bank is selling its stake in payments division Magnanti and PayMyTuition partners with dLocal on international tuition payments. Plus, KYODIA and Western Union team up on cross-border B2B money transfers and FAT Brands is opening 70...
First Abu Dhabi Bank (FAB), a public joint stock company and the largest bank in the United Arab Emirates (UAE), is looking to sell a stake in its estimated $1 billion payments division Magnati, Bloomberg reported. Get the Full Story Complete the form to unlock...
A rash of “lightning kidnappings” in Brazil has forced the country’s central bank to restrict use of the Pix payment platform. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Today in payments around the world: Singapore considers easing SPAC listing guidelines. Plus, U.S. remittances to Mexico reach a record-high $4.54 billion and Airwallex gets a Malaysian money services business license. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Australian FinTech platform Airwallex on Thursday (Sept. 2) announced that the company has secured a money services business (MSB) license from Bank Negara Malaysia, which will allow Airwallex to offer integrated international payment solutions for Malaysian businesses of all sizes. Get the Full Story Complete...
