China’s central bank as accepted Amex’s application to start a bank card clearing business, but they still need to receive...
In this conversation, we talk with Marwan Forzley of Veem about how the rampant evolution of the mobile phone spurred his fascination to turn the phone into a business-to-business (B2B) payments network. Additionally, we explore how generations of companies have tried to use correspondent banking to solve for B2B cross border and failed, the intricacies of payment rails and the infrastructure to support them, the impact of COVID on global e-commerce, how the future will blend the distinctions between digital wallets, banking services, and crypto wallets.
Card conglomerates, including Visa, Mastercard and American Express, grabbed multiple headlines in 2018 centered on their adoption of commercial cards as well...
This is Visa's second offer for the Brazilian fintech. Previously, the American company offered $1 billion to acquire the startup, but the offer was refused.
The fintech industry is coming up on the tipping point of funding, revenue generation, and user acquisition to rival traditional finance with $20 billion in YTD fintech financing, the several SPACs, and Visa’s $2B Tink purchased. Defensive barriers have eroded.
Let’s take a moment to compare capital. While it is not the money that wins markets, it is the transformation function of that money into novel business assets that does. And while the large banks have a massive incumbent advantage with (1) installed customers and assets, and (2) financial regulatory integration (or capture, depending on your vantage point), there is a real question on whether a $1 generates more value inside of an existing bank, or outside of an existing bank — even when it is aimed at the same financial problem.
Just a few days ago we learned of Visa buying Plaid and now they have invested in another fintech company;...
The Wall Street Journal is reporting that Facebook has been quietly working on a new cryptocurrency-based payments system. Dubbed Project...
Wednesday, Visa partnered with Thunes, adding 1.5 billion digital wallets to the cross-border payments product Visa Direct.
Since expanding globally in 2019 Visa has grown their Fast Track program to include more than 140 fintech companies; the...
Nikola Plecas from Visa Europe and Nick Charteris from Crypto.com discuss how web3 payments will go mainstream at Merge in London on October 18, 2022