Category: Business
Even as the pandemic that wrecked its business flares up again, Airbnb is poised to make its public market debut this year. The company filed its long-awaited IPO paperwork Monday, revealing that it turned a profit of $219 million in the third quarter of this year, on $1.34 billion in revenue. By comparison, it made $227 million […]
Wirecard, which primarily processes payments for merchants and helps companies to issue pre-paid cards in Singapore, filed for insolvency in June after a 1.9 billion euro ($2.3 billion) hole was discovered in its books. Singapore police are among a number of global authorities investigating Germany’s biggest post-war corporate fraud. “Wirecard SG has informed MAS that […]
Ripple is being sued by New Payments Platform Australia for alleged infringement of its PayID copyright. In a court document filed Friday in the Federal Court of Australia New South Wales Registry, New Payments Platform Australia (NPPA) claims Ripple breached Australia’s Trade Marks Act (1995) and the Australian Consumer Law with the unauthorized use of its brand […]
Forex and CFD online trading platform Skilling pushed forward with its 2020 global expansion, extending its physical presence to London, UK, under its new senior appointment, David Berg. David joined Skilling Group earlier this month as a global sales director and is in charge of creating a global commercial customer facing division for Skilling in the […]
Paysafe, launches Paysafecash in Bulgaria today as a new secure and easy way to pay with cash for online purchases in virtually any area of the retail space. Paysafecash, is designed for consumers who do not have a bank account or credit card, or who do not wish to disclose sensitive financial data on the […]
Forex and CFD online trading platform Skilling reached another significant milestone this year with the integration and launch of trading platform MetaTrader 4 (MT4). Founded in 2016, Skilling introduced their proprietary trading platform in 2018, and in January 2020 they announced the launch of the industry’s first seamless integration with Spotware’s cTrader. With their acquisition […]
American Express announced that joins forces in mainland China with Express (Hangzhou) Technology Services Company Limited (“Express Company”), has received approval from the People’s Bank of China (PBOC) for a network clearing license. With this, American Express becomes the first foreign payments network to be licensed to clear RMB transactions in mainland China. The company […]
Digital wallet and mobile payments operator Skrill, part of Paysafe Group launches free international Money Transfer service in United States. Existing and new Skrill customers in the United States can now use the solution to transfer money for free to friends and family in Mexico, India and 16 other Asian and European countries, with others available shortly. […]
Paysafe, a leading specialized payments platform, today announced the U.S. launch of its Skrill Money Transfer service. Existing and new Skrill customers in the United States can now use the solution to transfer money for free to friends and family in Mexico, India and 16 other Asian and European countries, with others available shortly. Against […]
MoneyGram International, Inc. (NASDAQ: MGI), a global leader in cross-border P2P payments and money transfers, today announced that it has entered into a strategic partnership with Al Rajhi Bank, the largest Islamic bank in the world, and Tahweel Al Rajhi, the remittances arm of Al Rajhi Bank, to provide money transfer services in Saudi Arabia. The partnership covers […]
