The Bank of England is setting up a task force focused on exploring the design and launch of a digital version of the pound. As reported by The Guardian, the Chancellor of the Exchequer Rishi Sunak announced the formation of a task force on Monday...
China is expanding the trial of its digital yuan, but the currency should not be seen as a weapon against the U.S. dollar, central bank Vice Governor Li Bo told conference attendees Sunday (April 18), Reuters reported. Get the Full Story Complete the form to...
In today’s top payments news around the world, Japanese QR code payment gateway provider Netstars Co. has secured $60 million in funding, while India’s Flipkart is reportedly moving toward a distressed sale acquisition of Mumbai’s Cleartrip. Plus, a European Central Bank (ECB) study found that...
The digital ruble is moving closer to becoming a reality as the Bank of Russia looks to develop a prototype by the end of 2021, CoinDesk and other news outlets reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
In today’s top payments news around the world, Darktrace is intending to make its public debut on the London Stock Exchange, while Huawei is betting on the electric car market in China. Plus, moneycorp has named a cross-border payments pro as vice chair. Get the...
Grab Holdings Inc. has garnered the interest of Temasek Holdings Pte and T. Rowe Price Group Inc. for its intended business combination with a special purpose acquisition company (SPAC), Bloomberg reported, citing unnamed sources. Get the Full Story Complete the form to unlock this article and...
Google is calling on the United States to join a Technology and Trade Council (TTC) that was recently proposed by the European Commission. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
In today’s top payments news around the world, Grab is rolling out the GrabForGood Fund, while the International Air Transport Association (IATA) reported that the trend of low air passenger traffic continued in February. Plus, Visa has processed 1 billion additional contactless payments in Europe...
Singapore technology platform Grab is rolling out the GrabForGood Fund to assist its Southeast Asian drivers, merchants, and delivery partners in elevating the overall quality of life in their communities. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
