Finance ministers from the European Union have agreed that private digital currencies including Facebook’s Libra should not be allowed in the European Union until potential risks surrounding them are clearly addressed. The move confirms the tough stance claimed by the EU on stablecurrencies such as Facebook’s Libra, which incidentally has attracted criticism from global regulators…
With the growing global trend of a cashless economy, the payments processing business has seen a a flurry of M&A. The Financial Times has reported citing sources close to the discussion that Hellman & Friedman, a U.S. private equity firm, is the front runner in the race to acquire Nets, Scandinavia’s largest payments processor. The…
The company’s card aggregates all your cards and allows you to switch cards after a transaction has been completed. In what is a world first, a London-based startup has teamed up with Mastercard Inc to launch a payment card that allows users to retrospectively choose a different credit or debit card for a purchase they…
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