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“Forget unicorns—Stripe is the fintech world’s $35 billion gorilla. Nine years after it was founded, Stripe’s software has become the payment plumbing for e-commerce giants like Amazon, as well as tiny startups in more than 120 countries. The San Francisco-based company straightens out the byzantine payment and financial networks around the globe, giving developers and […]
“With an advisory board that includes top economists like Nobel Prize-winner Myron Scholes, U.K.-based firm Saga hopes to introduce a global currency that regulators find agreeable. The company on Tuesday launched its saga (SGA) token, a virtual currency tied to a basket of currencies in order to maintain a stable value. That’s not too […]
“Business-to-business payments company Bill.com priced its IPO today at an above-range $22 per share . The firm, selling 9.82 million shares in its offering, will raise around $216 million at a roughly $1.6 billion valuation. The company’s IPO pricing comes during a modestly uncertain time for unprofitable companies looking to go public. Following the WeWork […]
“Nuvei, a leading global payment technology provider, announced today it has completed a US$270 million (CA$358 million) common equity financing, valuing the company at US$2 billion (CA$2.65 billion). The investment comes primarily from Nuvei’s existing shareholders: leading Canadian private equity firm Novacap, supported by some of its key limited partners, and Caisse de dépôt et […]
“New research from RBR shows that Discover remained the most widely accepted card scheme worldwide at the end of 2018. RBR’s Global Payment Cards Data and Forecasts to 2024 shows that Discover cards can be used at 55.9 million merchant outlets, 79% of the global total. Discover benefits from reciprocal network-to-network agreements with UnionPay, JCB […]
“India’s Financial Software and Systems announced a partnership with Arab Financial Services to bring omnichannel payment solutions to the Middle East and Gulf regions. FSS, a Chennai, India-based payment processor and AFS, a fintech enabler in the Middle East and Africa, said the new partnership is designed to help acquiring banks grow their merchant acceptance […]
“WeLab, a leading fintech company in Asia, today announces that is has raised US$156 million (equivalent to over HK$1.2 billion) of Series C strategic financing, completing the largest fintech fundraising in Greater China, year to date. This round drew the backing of new investors as well as 5 existing investors who made follow-on investments, including Alibaba Hong Kong Entrepreneurs Fund and […]
“Up next is what BofA calls “New Card Merchant List Assistance.” After the customer receives a replacement debit or credit card, “Erica will proactively provide clients a list of merchants and subscription services where their card information may be stored, making updates easier,” BofA said in a news release. “Clients can also ask Erica for […]
“Apple Inc. ’s digital wallet is expanding in Europe just as regulators crack down on the tech giant’s move into financial services. At issue is Apple’s role as a platform for other services. Spotify Technology SA already complained to antitrust regulators that Apple favors its own music service. Now banks and other payments providers […]
“Garanti BBVA’s mobile app can now be used to refill Istanbul travel cards, allowing customers to move around the city without worrying about the balance on their card.”
“Osaka Metro Co. on Tuesday started testing a next-generation automated ticket gate featuring a facial recognition system. The subway operator aims to introduce the gates at all of its train stations by fiscal 2024, ahead of the 2025 World Expo in the city of Osaka. The test involves around 1,200 Osaka Metro employees. According […]

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