BIS proposes cross-border payment solution
The Bank for International Settlements (BIS) released a proposal this week that aims to break down obstacles to international payments...
Payments
What’s the strategy behind Square’s largest-ever acquisition?
In a sign of the massive shifts in retail and online payments, Square announced on Aug 1 that it would...
Square deal vaults Afterpay founders to $1.8B fortunes
As a wannabe investment banker, Afterpay Ltd. co-founder Nick Molnar was told to stick to his “side hustle” of selling...
Apple Card ‘scaling’ with growth rate +20%
Apple's new credit card is part of a basket of products that drove 33% revenue growth last quarter, the company...
In crowded field, Square launches checking, savings products for small businesses
Digital payments company Square unveiled on Tuesday a new suite of financial products for small businesses. The rollout of Square...
Square building new bitcoin-inspired financial services business
Square Inc. is creating a new business line to help developers build financial services products focused on Bitcoin, according to...
Powell says stable coins need regulation to protect U.S. public
Federal Reserve Chair Jerome Powell said there are potential risks from stable coins and that they require regulation to ensure...
Funding roundup: New Delhi-based Pine Labs nabs a $600 million investment round
This week, some of the more notable funding rounds included sizeable capital raises for a New Delhi fintech and two...
Cryptocurrency firm Circle eyes public listing via SPAC merger
Stablecoin issuer Circle is looking to go public via a merger with special purpose acquisition company (SPAC) Concord Acquisition Corp....
Ant Group-backed Kakao Pay seeks up to $1.4 billion in IPO
Kakao Pay Corp., South Korea’s largest online payment service with 36 million users, is seeking to raise as much as...
