Grab, a ride-hailing company in Southeast Asia, announced Thursday (August 2) it has raised an additional $1 billion from a handful of financial firms, bringing its total with the round to $2 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Welcome to The Axis, your late look at payments news from around the world. Coverage includes Accenture’s FinTech Innovation Lab Asia-Pacific. In addition, Europe’s Billon has signed a letter of intent with FIS, and Credit Suisse is seeking a banking license in Saudi Arabia. Get the Full Story...
Welcome to The Axis, your late look at payments news from around the world. Coverage includes how Turkey’s İşbank rolled out an application programming interface (API) portal. In addition, Armenia’s VTB Bank launched mobile banking services, and Armenia’s ACBA-Credit Agricole Bank has started to accept JCB cards across the country....
United Nations (UN) chief António Guterres has warned staff and member states that it is running out of cash. In a letter, he urged countries to pay what they owe as soon as possible, according to Reuters. Get the Full Story Complete the form to...
The Venezuelan government said it will knock five zeros off its currency — the bolívar — instead of the three it had planned. According to Financial Times, the decision is a move to keep up with hyperinflation, which the International Monetary Fund (IMF) predicts will...
Paytm, a digital payment company out of India, said Thursday (July 26) that it didn’t share user data with investors or any foreign entities just one day after a member of Parliament, Narendra Jadhav, argued Alibaba’s stake in the company was a “very serious threat...
Welcome to The Axis, your late look at payments news from around the world. Coverage includes Worldpay’s work on payment technology for drones. In addition, Singapore-based Grab is rolling out new services in Thailand, and Indonesia’s FinAccel has notched $30 million in Series B funding. Get the...
The Payments Systems Regulator (PSR), Britain’s official payment watchdog group, has announced it will be reviewing banks that process card transactions on merchants’ behalf to evaluate whether customers are getting the best deal. Get the Full Story Complete the form to unlock this article and...
Banco Santander was able to offset emerging market currency volatility and a slowdown in U.K. during its second quarter, reporting net income that surpassed Wall Street views. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
