Visa

Platform News: PayPal

PayPal profit tops estimates on digital payments boom

PayPal Holdings Inc has reported its strongest first quarter on record and beat profit estimates, with a coronavirus-driven shift to online shopping and digital transactions boosti...

Platform News: Opening the WhatsApp app on a smartphone

Facebook messaging service gets delayed Brazil nod for payments

Brazil’s central bank has cleared the way for Facebook-owned WhatsApp to let its users send each other funds using the Visa and Mastercard card networks, months after vetoing...

Visa Payment

Visa moves to allow payment settlements using cryptocurrency

Visa has said it will allow the use of the cryptocurrency USD Coin to settle transactions on its payment network, the latest sign of growing acceptance of digital currencies by the...

UK

Brexit Britain to offer fast-track visas to bolster FinTechs

The UK government has said it would offer a fast-track visa scheme for jobs at high-growth companies after a government-backed review warned that financial technology firms will st...

Belarus

With warm words and fast visas, neighbours woo IT workers in Belarus

After Max Korolevsky stated he was detained and then beaten by security forces during protests in Belarus, he asked the IT company he works for to transfer him to neighbouring Ukra...

Wirecard

German prosecutors open Wirecard money laundering probe

German state prosecutors are investigating individuals at Wirecard for suspected money laundering, adding to probes into alleged fraud, balance falsification and market manipulatio...

Platform News: Opening the WhatsApp app on a smartphone

Brazil central bank says WhatsApp payments service faces further review

Brazil’s central bank president has said that Facebook’s messaging service WhatsApp would be allowed to launch its new payments service in the country, but called for p...

European Union

EU banks to take on Visa and Mastercard with new payments system

Sixteen banks from Germany, France and three other euro zone countries said a “truly European” payments system was expected to be up and running in 2022 to fully digita...

Wirecard

Source: Germany missed chances to put Wirecard on watchlist

German regulators twice looked into tightening the supervision of collapsed FinTech business Wirecard and discussed it with the German and European central banks but no action was ...

Canadian Visa System

Canadian visa programme may lure tech workers blocked by Trump

A fast-track visa programme that Canada launched in 2017 has attracted a growing number of tech workers, and US President Trump’s latest immigration crackdown is set to furth...

Platform News: Opening the WhatsApp app on a smartphone

Brazil suspends WhatsApp’s new payments system

Brazil’s central bank effectively suspended a newly-launched system allowing users of Facebook’s WhatsApp messaging service to send money via chats, ordering Visa and M...

Platform News: the Tech Titans

Tech titans dominate US stock market after surge

Investors are once again crowding into a narrow range of technology and internet stocks, heightening concerns that the market’s dramatic bounce from last month’s lows i...