The U.S. Department of the Treasury is working with the International Monetary Fund (IMF) to allocate as much as $650 billion in currency aid to assist countries economically hit the hardest by the pandemic, according to a Treasury Department press release. Get the Full Story...
China and Hong Kong have completed the first cross-border test of the digital yuan, officials from the People’s Bank of China announced Thursday (April 1). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
In today’s top payments news around the world, Paidy Inc. said it completed its Series D funding round while Everli has raised $100 million in a funding round. Plus, JD.com said it has sold its JD cloud and artificial intelligence (AI) operation to its FinTech...
Singapore Exchange Ltd. is formally exploring whether to begin trafficking in special-purpose acquisition companies (SPACs), the blank-check companies that have become a favorite tool for investors taking companies public on major Western exchanges but aren’t allowed on many Asian exchanges, according to a notice posted...
Facebook’s WhatsApp will now be able to let users send and receive payments in Brazil after receiving approval from the country’s central bank Tuesday (March 30), Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
In today’s top payments news around the world, Ripple said it has come to a deal to buy 40 percent of international payments specialist Tranglo, while Cazoo Holdings is reportedly set to go public by merging with a special purpose acquisition company (SPAC). Plus, Deliveroo...
In today’s top payments news around the world, Afterpay has introduced a virtual card offering, while the pandemic has dramatically heightened dependence on real-time and digital payments. Plus, citizens of Shanghai and Beijing can now apply to one of six Chinese banks for a digital...
As if the supply chain disruptions brought about by the global pandemic last year weren’t enough to point out just how connected the connected economy really is, earlier this week a 1,300-foot-long container ship wedged itself in the Suez Canal, effectively pushing the pause button...
Paris will be the recipient soon of a blank-check company for technology investments, the latest sign that they’re not immune to the recent special purpose acquisition company (SPAC) trend, according to a Thursday (March 25) Bloomberg report. Get the Full Story Complete the form to...
