In today’s top payments news around the world, Swiggy raised $800 million in a funding round, while Meesho landed $300 million in new funding. Plus, CRED revealed a new funding round that sets a $2.2 billion valuation for the firm. Get the Full Story Complete...
Argentinian eCommerce firm MercadoLibre will be investing $1.1 billion to expand in Mexico, Reuters reported. The expansion will help boost warehouse space and services in Mexico. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Remittances sent to Mexico saw their biggest increase in February since records started being collected in 1995, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
China’s government-backed push toward the use of the digital yuan and consumer behavior changes resulting from the pandemic led to a decrease in the number of ATMs in the country in 2020 compared with 2019, the Hindustan Times reported. Get the Full Story Complete the...
In today’s top payments news around the world, Glovo raised $530 million in a funding round, while the Department of the Treasury is working with the International Monetary Fund (IMF) to allocate as much as $650 billion in currency aid. Plus, China and Hong Kong...
The U.S. Department of the Treasury is working with the International Monetary Fund (IMF) to allocate as much as $650 billion in currency aid to assist countries economically hit the hardest by the pandemic, according to a Treasury Department press release. Get the Full Story...
China and Hong Kong have completed the first cross-border test of the digital yuan, officials from the People’s Bank of China announced Thursday (April 1). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
In today’s top payments news around the world, Paidy Inc. said it completed its Series D funding round while Everli has raised $100 million in a funding round. Plus, JD.com said it has sold its JD cloud and artificial intelligence (AI) operation to its FinTech...
Singapore Exchange Ltd. is formally exploring whether to begin trafficking in special-purpose acquisition companies (SPACs), the blank-check companies that have become a favorite tool for investors taking companies public on major Western exchanges but aren’t allowed on many Asian exchanges, according to a notice posted...
