Digital Payments

Singapore-based cryptocurrency exchange Crypto.com announced on Friday its decision to suspend services for institutional clients in the U.S. beginning June 21. The suspension is attributed to subdued demand among institutional clients, which has been further exacerbated by the...

Digital payment platform Strike announced on Monday it integrated Tether's USDT (CRYPTO: USDT) stablecoin into its services. With Tether's inclusion, Strike intends to streamline digital transactions and strengthen its industry standing. The integration follows Strike's recent...

The New York Federal Reserve published results from a joint study conducted with the Monetary Authority of Singapore (MAS). Cross-border and cross-currency payments can effectively utilize Central Bank Digital Currency (CBDC) systems operating on diverse networks, the study shows. The research...

Digital financial services company Nu Holdings Ltd (NYSE: NU) reported fourth-quarter and full-year financial results after market close Tuesday. Here are the key highlights. What Happened: Nu Holdings reported fourth-quarter revenue of $1.45 billion, which missed a Street estimate of $1.47...

Digital payments company PayPal Holdings (NASDAQ: PYPL) reported fourth-quarter financial results after market close on Thursday. Here’s what analysts are saying about the company’s results and guidance. The PayPal Analysts: Needham analyst Mayank Tandon had a Hold rating on PayPal...

Investors who bought stocks during the COVID-19 market crash in 2020 have generally experienced some big gains in the past two years. But there is no question some big-name companies performed better than others since the pandemic bottom. Riot Blockchain Inc (NASDAQ: RIOT) benefitted from economic...

Financial services company SoFi Technologies Inc (NASDAQ: SOFI) reported second-quarter financial results after market close Tuesday. Here are the key highlights. What Happened: SoFi reported adjusted net revenue of $356.09 million for the second quarter, up 50% year-over-year. The total came...

Cloud-based omnichannel and payment acceptance company The OLB Group (NASDAQ: OLB) announced a new NFT solutions platform to help companies. What Happened: SecurePay, a payment platform from The OLB Group, will support the sale or transfer of non-fungible tokens using a process built on the...

What Happened: Jack Dorsey’s digital payments company Square Inc (NASDAQ: SQ) and Bitcoin infrastructure startup Blockstream have joined forces to build a 100% solar-powered Bitcoin mine. According to a press release shared by Blockstream earlier this week, Square will invest $5 million in...

Fintech company Payoneer is going public in a deal valuing the company at $3.3 billion. The SPAC Deal: The SPAC merger for Payoneer with FTAC Olympus Acquisition Corp (NASDAQ: FTOC) includes a $300 million PIPE with financial backing from Dragoneer, Fidelity, Franklin Templeton and T. Rowe Price....

The Western Union Company (NYSE: WU) has acquired a 15% stake in a Saudi Arabian digital payment business, Reuters reported. What Happened: The $200 million stake is in a digital payment unit of Saudi Arabia’s STC Group, a telecom. Why It Matters: Western Union is one of many companies vying...

SoftBank Group Corp (OTC: SFTBY) is looking to move away from the troubled Wirecard AG (OTC: WRCDF) after it helped arrange a $1 billion lifeline for the German firm a year before its downfall.  What Happened According to the sources of the Wall Street Journal, SoftBank wants to terminate...

Paypal Holdings Inc (NASDAQ: PYPL) announced Thursday COO Bill Ready will leave the company at the end of 2019 to "pursue entrepreneurial interests" elsewhere. BofA: 'Not Devastating' Ready joined PayPal in 2013 as part of the acquisition of Braintree, Bank of America's Jason...

Fidelity National Information Servcs Inc (NYSE: FIS) reached an agreement to buy Worldpay, Inc. (NYSE: WP), an e-commerce and payments company for around $34 billion. What Happened The combination of FIS and Worldpay will create a new entity that will offer a best-in-class enterprise banking,...

The latest data from Boston Retail Partners suggest Apple Inc. (NASDAQ: AAPL) is now the top dog in the digital payments business. According to the study, 36 percent of North American retailers already accept Apple Pay as a payment option, more than any other digital payment system. Apple launched...