TransferWise has snagged a big pile of investment dollars in a round led by one of the Facebook’s earliest backers, Andreessen Horowitz. The UK-based P2P money transfer startup and Facebook have reportedly been in talks that would see TransferWise provide remittance services for the social networking...
Andrei Kostin, chief executive of Russia’s second-largest bank VTB, warned Friday that keeping his country from the Swift banking payment system would be tantamount to “war”. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The U.K.’s Institute of Directors has warned large businesses that the “scandal” of late payments is undermining the country’s economic recovery, and said the big corporations risked regulation by failing to pay their bills on time, the Financial Times reported. Get the Full Story Complete...
Russia’s answer to Amazon, Ulmart, has confirmed that it plans to IPO in the next year. Russia’s leading e-commerce company confirmed early today (January 21) that it will go public in a yet-to-be-determined Western stock exchange and that it is considering using the IPO to...
Uber CEO Travis Kalanick said he wants to expand operations in Europe, creating 50,000 jobs there and taking 400,000 personal vehicles off the road, according to Re/code. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Just days after Russia’s central bank said both MasterCard and Visa are back in its good graces, the payment-card giants are being prodded by the central bank next door. President Alexander Lukashenko of Belarus said the National Bank of Belarus should look for alternatives to...
Global payments firm peerTransfer announces today (January 13) that it closed a major funding round and hit a key profitability milestone. peerTransfer is an efficient, cost effective and transparent alternative to the existing friction-laden international funds transfer services, including bank wire. peerTransfer’s global payments platform...
A group of cyberthieves who breached online security at a small Swiss bank published identifying details about 30,000 customers on Friday (Jan. 9), after the bank refused to pay a ransom, Bloomberg reported. Get the Full Story Complete the form to unlock this article and...
U.K. supermarket giant Tesco said Thursday (Jan. 8) that it will dump nearly 100 stores, lay off thousands of employees, and possibly sell Dunnhumby, the customer-data subsidiary responsible for the chain’s highly successful loyalty program, The Guardian reported. Get the Full Story Complete the form...
