AIG Inc’s life insurance and retirement division Corebridge Financial Inc (CRBG.N) raised $1.68 billion on Wednesday in the biggest initial public offering (IPO) so far this year, braving market volatility and ending a seven-month lull in major listings. AIG said it sold 80 million Corebridge shares at $21 per share, which was at the lower end of
Commonwealth Bank (CBA) has become the first major Australian bank to enable PayTo payments for CBA customers – a new digital way to authorize payments from a CBA bank account, and the latest initiative from New Payments Platform Australia (NPPA). Eligible CBA clients will be able to manage one-time or recurring new PayTo payment agreements
Adyen, the global financial technology platform of choice for leading companies, announced the expansion of the Real Time Visa Account Updater (VAU) to Europe. Adyen will assist its clients in increasing the revenue and approval rates of card-on-file payments by automatically updating Visa accounts in real time as the first platform to provide real-time VAU coverage in
Palazzo Versace Dubai will now allow guests to pay for dining, stays and spa experiences with cryptocurrencies. The accepted cryptocurrencies include BNB, Bitcoin, and Ethereum. The Binance payment gateway will be used for the transactions. “Accepting cryptocurrencies as payments is yet another innovative step that we have taken towards making our business future-ready,”
Global coffee chain Starbucks has announced a partnership with Ethereum scaling solution Polygon to build its Web3 experience titled ‘Starbucks Odyssey’. This will combine the existing Starbucks Rewards loyalty program with an NFT platform. The program will allow the company’s US clients to buy digital collector stamps in NFT form that give rewards and immersive
Wise Platform has launched our newest integration solution, International Receive. Customers at partner organizations using International Receive will be able to quickly, easily and affordably receive cross-border payments, even if their bank is not connected to the SWIFT network. Banks can communicate with one another via financial messages thanks to SWIFT. Major financial institutions use
FNZ, the global wealth management platform, today announced that it has agreed to acquire DIAMOS AG, the specialized wealthtech provider for the asset and wealth management industry, to further enhance its global wealth management platform. The addition of cutting-edge product and service offerings to its current end-to-end wealth management platform will boost FNZ’s worldwide client
Sage, the leader in accounting, financial, HR and payroll technology for small and mid-sized businesses (SMBs), and Square, the global payments technology provider, today announced a new partnership, focused on helping small businesses work smarter and save time, freeing them up to grow their businesses. Sage Accounting and Square’s point of sale (POS) software can
Clip, Mexico’s leading commerce and digital payments platform continues to strengthen its operations and offerings that drive the digital transformation of Mexico’s economy by entering a $50 million, three-year, unsecured revolving credit facility with Morgan Stanley, J.P. Morgan, and HSBC. The funding will be used by Clip to expand its efforts to meet businesses’ demand for innovative
Aquila today announced the acquisition of Cibar Inc. (“Cibar”), a best-in-class banking software solution for the international trade finance industry. Cibar, a pioneer and specialist in trade finance applications, was established in 1969 and has its headquarters in Colorado Springs, USA. Its modules cover imports and exports, standby letters of credit, guarantees, cash letters, wire transfers, and more.
Wayflyer, the revenue-based financing and growth platform for e-commerce businesses, has secured a $200 million (plus a $53 million mezzanine) debt financing facility from Credit Suisse. The extra financing facility will be used by Wayflyer to support other origination, allowing it to quickly give capital to e-commerce companies and assist them to spur growth, enhancing cash flow,
valU, MENA’s leading Buy-Now, Pay-Later (BNPL) lifestyle enabling FinTech platform, PayTabs Egypt, the payment processing solution, and notchnco, an independent software vendor (ISV) for meta products, have announced a collaboration that will allow valU’s clients to enjoy a unique WhatsApp shopping experience. For the first time in Egypt, through an automated workflow developed by notchnco, valU
