Citi’s Treasury and Trade Solutions is building a new business line that expands beyond B2B into merchant acquiring, with a...
Banks and fintech firms are in competition over payments systems and each thinks real-time payments should be run differently; Bank...
On March 23, Alliance Data Systems Corporation announced it would rename itself Bread Financial, a subsidiary it acquired in December 2020.
The Paycheck Protection Program resurfaced the accounting and payments difficulties that many small businesses have and a potentially huge opportunity...
Brazil and Mexico are often talked about as fintech booms in Latin America; the size of the industry overall is...
Swedish startup Klarna has acquired BillPay in a transaction that's expected to strengthen its payments business throughout Europe; the estimated price is approximately 60 million British pounds ($75 million) and Klarna was last valued at $2.25 billion in 2015; both Klarna and BillPay have been closely compared to PayPal; with the new acquisition the majority of Klarna's business will now be focused in Germany; Klarna has been focusing on business in Germany, acquiring Cookies in October 2016 and Sofort in 2013, both German companies; the acquisition of BillPay will help increase cross-border payment transactions; according to Sebastian Siemiatkowski, co-founder and CEO of Klarna, "Germany is one of the largest e-commerce markets in the world, and we are delighted to have strengthened our position here with this acquisition." Source
On Tuesday, Paris-based Web3 payments startup Request Finance launched "Salaries" to help Web3 enterprises automate payroll in crypto.
Startups in Argentina have been used to dealing with various crises in the last decade and the pandemic just adds...
The Bank of International Settlements released a new report on fintech, tokenized securities, central bank digital currencies, cross-border payments and...
Federal Reserve's launch of FedNow places instant payments at the forefront, paving the way for the future transformations in the financial services industry