Новости за 24.02.2021

Best Buy will be debuting new stores that will feature a smaller overall size as the company focuses more on eCommerce, Bloomberg reported. The new format will focus on getting digital orders out and will be around half the size of the usual stores, according to the report. Best Buy’s idea is akin to the […]

Klarna is expected to announce new funding in the coming days that will value the company at $31 billion, Bloomberg reported. The amount is around three times more than what the company was valued at after its last round in September. The new fundraise will be around $800 million to $1 billion, according to unnamed […]

At Square, it’s getting hard to separate bitcoin from dollars. The company’s fourth-quarter financials reported on Tuesday (Feb. 23) were overshadowed by details about the usage of the cryptocurrency and its own announcement that it is investing $170 million more in it on top of its recent $50 million investment in October. “Why are we […]

American Green will be expanding its eCommerce platform in March to include bitcoin payments to help people pay for cannabidiol (CBD) and hemp, according to a press release from the company. The company said in the release that ordering its products will become more efficient with the addition of bitcoin as a payment method. International […]

Citibank has announced that it is rolling out Citi Plus, its Hong Kong project which it recently brought out of beta, according to a press release. The company touts the project as a new way to get people into digital banking. The release stated Citi Plus users will have access to personalized wealth management information […]

The State Bank of India (SBI) is joining Liink, J.P. Morgan’s peer-to-peer blockchain-based data network, according to a report from The Economic Times. The partnership will help SBI increase the speed of customer transactions, including cross-border payments, and lower the costs. With the network, “time taken to resolve cross-border payments-related inquiries can be reduced to […]

Advanced Fraud Solutions (AFS), which works in deposit fraud detection software, has rolled out AFS Positive Pay, which will help financial institutions (FIs) and enterprise customers look at changes in payments information to prevent fraud, according to a press release. AFS Positive Pay will allow FIs and businesses to monitor payments and receive immediate notices […]

In today’s top news in digital-first banking, Wells Fargo announced that it has made a deal to sell its asset management business for $2.1 billion, while a Federal Deposit Insurance Corporation (FDIC) report discovered that bank profits fell 36.5 percent in 2020. Plus, Alkami Technology is reportedly planning an initial public offering (IPO). Wells Fargo […]

In today’s top payments news around the world, Zomato has landed an additional $250 million from existing and new investors, while Tyme plans to expand its online bank for the underserved into Asia and Southeast Asia. Plus, telecommunications services provider Bharti Airtel is teaming with Qualcomm. India’s FoodTech Zomato Nets $250 Million On A $5.4 […]

Bookipi, a company that generates invoices for small companies and freelancers, is poised to roll out its new BookiPay invoice payments system in Australia through a new collaboration with the financial technology firm Fat Zebra, according to an announcement. “We look forward to partnering with Fat Zebra to launch our invoice payments platform. Australian small […]

Digital payment and banking technology provider i2c has teamed with Zytara, a FinTech firm geared toward millennial and Generation Z gamers and their households. The collaboration comes on the heels of Zytara’s recent ZUSD stablecoin rollout announcement, according to a Tuesday (Feb. 23) press release. “We’re proud to partner with Zytara on this ground-breaking and […]

J.P. Morgan Chase is launching an investment product specifically to support Black-owned banks, Bloomberg reported. The financial services firm also made equity investments in four minority banks as part of a mission to reduce the racial wealth gap. “We’re creating another revenue stream for them,” Brian Lamb, global head of Diversity and Inclusion at J.P. […]

The People's Bank of China and the Central Bank of the United Arab Emirates are now joining the second phase of the initiative formerly known as Project Inthanon-LionRock, which is working on a central bank digital currency (CBDC) for cross-border payments, a press release says. The project was initiated by the Hong Kong Monetary Authority, […]