Tag: payments
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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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India’s SBI-backed Cashfree Payments bets on cross-border push with travel, investment payments
BENGALURU, June 30 : Indian fintech firm Cashfree Payments plans to deepen its cross-border business with offerings such as overseas investment and travel payments as it seeks to tap rising demand for international transactions, CEO Akash Sinha said on Monday.Cashfree, backed by State Bank of India, the count
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WhatsApp’s pick of Indian fintech founder signals scale of payment ambitions
MUMBAI, June 25 : Kunal Shah, an Indian fintech founder with no engineering degree or Silicon Valley pedigree, has spent two decades building businesses around digital payments and consumer behaviour in India.He now takes charge of Meta’s WhatsApp as the company looks to leverage the reach of the world’s larg
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Kunal Shah: The Indian entrepreneur taking charge of WhatsApp
Kunal Shah has been a recognisable figure in India’s startup ecosystem for a while but now he faces global spotlight.
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Canada’s Nuvei to buy Payoneer for $2.75 billion in cross-border payments push
June 15 : Nuvei will buy cross-border payments firm Payoneer for about $2.75 billion in cash, the companies said on Monday, as the Canadian fintech aims to expand globally.Nuvei will buy all shares of Payoneer for $7.40 apiece, a premium of about 44 per cent to their last close on June 8. Payoneer has a…
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