EMEA

FOO and NymCard Offer End-to-End Payment Solutions to MENA Business Owners
FOO and NymCard Offer End-to-End Payment Solutions to MENA Business Owners
March 07, 2022  |  B2B Payments

FOO, a business-to-business (B2B) software-as-a-service (SaaS) platform based in the United Arab Emirates (UAE), and NymCard, a banking-as-a-service (BaaS) and card provider serving the Middle...

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CIBC Pledges $12M to Help Salon-Booking App Phorest Grow
CIBC Pledges $12M to Help Salon-Booking App Phorest Grow
March 07, 2022  |  Investments

London-based CIBC Innovation Banking has invested $12 million in growth financing in Phorest, an online booking and management software platform for salon owners. Dublin-based Phorest...

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EU Crypto Law MiCA Set for Vote March 14
EU Crypto Law MiCA Set for Vote March 14
March 07, 2022  |  Cryptocurrency

Following a debate over language that would have essentially banned bitcoin, a vote on the European Union’s Markets in Crypto Assets (MiCA) legislation is set...

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Visa, Mastercard Pullout in Russia Underscor­­­­es Importance of Traditional Networks to Crypto
Visa, Mastercard Pullout in Russia Underscor­­­­es Importance of Traditional Networks to Crypto
March 07, 2022  |  Cryptocurrency

With Visa and Mastercard pulling out of Russia, the two easiest and most convenient ways to make payments with bitcoin — really the only two...

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UAE BNPL Tabby Raises $54M in Series B Funding Round
UAE BNPL Tabby Raises $54M in Series B Funding Round
March 07, 2022  |  Investments

Buy now, pay later (BNPL) startup for Saudi Arabia and the UAE Tabby raised $54 million in a Series B funding round led by Sequoia...

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Future of Money Author Eswar Prasad Says Blockchain Will Transform Finance
Future of Money Author Eswar Prasad Says Blockchain Will Transform Finance
March 07, 2022  |  Blockchain

Given the dramatic changes in the world’s financial systems —cryptocurrencies, stablecoins, central bank digital currencies (CBDCs) and FinTechs — one could think it’s impossible to...

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PYMNTS’ CE100™ Index Reverses Gains as Weakness In Vroom Offsets Walmart’s Gain
PYMNTS’ CE100™ Index Reverses Gains as Weakness In Vroom Offsets Walmart’s Gain
March 07, 2022  |  Connected Economy

The rebound — for the Connected Economy 100 Index, at least — proved to be short-lived. In a week that saw wild gyrations in the...

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Alma CEO Says Zero Late Fee Policy Risky for BNPL
Alma CEO Says Zero Late Fee Policy Risky for BNPL
March 07, 2022  |  Buy Now Pay Later

Late fees can be an important source of revenue for traditional lenders, and for some credit card companies, it can represent up to 20% of...

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Indian FinTech CredAvenue Reaches Unicorn Status With $1.3B Valuation
Indian FinTech CredAvenue Reaches Unicorn Status With $1.3B Valuation
March 06, 2022  |  International

CredAvenue, the debt marketplace, is the newest Indian unicorn, having raised $137 million in a funding round, Bloomberg reported Sunday (March 6). The FinTech is...

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