Tag: payments
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Europe’s Eutelsat, SES set for $6 billion in US spectrum-clearing payments
(Corrects paragraph 3 to say SES’s premarket shares are seen up 8 per cent, not Eutelsat’s)July 27 : Eutelsat and SES stand to receive roughly $6.1 billion in combined payments for helping clear satellite spectrum for U.S. wireless services, they said on Monday.Eutelsat expects $504 million in pre-tax
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Indian payments firms oppose one-click UPI checkout proposal, citing competition risks
MUMBAI, July 23 : Several Indian digital payments firms have opposed a proposal that would allow merchants to store customers’ preferred Unified Payments Interface option for one-click checkouts, arguing it could entrench the dominance of the bigger payment apps.In a July 23 letter reviewed by Reuters, the co
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Stripe, Advent offer to buy PayPal for more than $53 billion, sources say
July 14 – Stripe and private equity firm Advent International have made a joint offer to acquire PayPal Holdings Inc for $60.50 per share, in a deal that would value the payments company at more than $53 billion, two people familiar with the matter said. The offer, submitted earlier this month, is backed by
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Exclusive-Stripe, Advent offer to buy PayPal for more than $53 billion, sources say
July 14 – Payments company Stripe and private equity firm Advent International have made a joint offer to acquire PayPal Holdings Inc for $60.50 per share, in a deal that would value the payments company at more than $53 billion, two people familiar with the matter said.The offer, submitted earlier this month
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Explainer-Europe’s digital euro: What it is and how it would work
MILAN, July 13 : Talks between the European Parliament, European governments and the European Commission on rules for a digital euro begin on Monday, three years after the legislation was first proposed. The negotiations aim to produce a final law by the end of the year, paving the way for the European Cen
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Swift starts blockchain ledger with initial set of 17 banks
LONDON, July 9 : Global financial messaging network Swift launched a blockchain-based shared ledger on Thursday with an initial set of 17 banks including Citi and HSBC, as part of a push to enable round-the-clock payments and compete with the emerging stablecoin industry. Belgium-based Swift, which underpins th
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Swift starts blockchain ledger with initial set of 16 banks
LONDON, July 9 : Global financial messaging network Swift launched a blockchain-based shared ledger on Thursday with an initial set of 16 banks including Citi and HSBC, as part of a push to enable round-the-clock payments and compete with the emerging stablecoin industry. Belgium-based Swift, which underpins th
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Citigroup expands cross-border instant payments to partner banks
NEW YORK, July 9 : Citigroup said it completed its first instant international payment in dollars with a partner bank, Thailand’s Siam Commercial Bank. • Phillip Securities Thailand, a client of SCB, made an instant transfer of funds in dollars from a Citigroup account in the UK to a Siam Commercial Bank a
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Exclusive-International Swimming League to pay overdue 2021 prize money, eyes comeback
(Adds exclusive tag)By Rory CarrollJuly 5 : The International Swimming League will pay about 300 athletes long-overdue prize money owed from its 2021 season, Commissioner Ben Allen told Reuters, as the professional swimming circuit seeks to rebuild trust and relaunch after years of inactivity.A
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International Swimming League to pay overdue 2021 prize money, eyes comeback
July 5 : The International Swimming League will pay more than 300 athletes long-overdue prize money owed from its 2021 season, Commissioner Ben Allen told Reuters, as the professional swimming circuit seeks to rebuild trust and relaunch after years of inactivity.Allen said the ISL would pay all the prize mone
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