“Circle, a global financial technology firm that provides internet-native payments and treasury infrastructure, announced the transition of USDC reserves to 100 percent cash and short duration U.S. Treasuries to be reflected in the dollar digital currency’s September attestation. Since inception, USDC reserves have been bound by the permissible investment rules under state money transmission regulations, […]
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India’s Khatabook Raises $100 Million for Its Bookkeeping Platform for Merchants
“Khatabook, a startup that is helping merchants in India digitize their bookkeeping and accept online payments , said on Tuesday it has raised $100 million in a new financing round as it prepares to launch financial services. The startup’s new financing round — a Series C — was led by Tribe Capital and Moore Strategic […]
Google and Temasek Back Indian Neobank Open in $100 Million Funding
“Google has invested in Bangalore-based Open, becoming the latest high-profile investor to back a neobanking platform. Open said on Tuesday it has raised $100 million in a Series C financing round. Singapore’s sovereign wealth fund Temasek led the round, and Google and Japan’s SBI Investment (not to be confused with SoftBank or India’s SBI bank) […]
SWIFT Go Builds Momentum As 100+ Banks Sign Up for Service That Powers SME and Consumer Payments
“SWIFT today announces that 100 banks around the world have signed up for SWIFT Go since it went live in July, underscoring strong demand for the service that enables small businesses and consumers to send fast, predictable, highly secure and competitively priced low-value cross-border payments from their bank accounts. Ten banks are already live with […]
Contactless Card Limit Increases to £100 in Britain
“On Friday, the limit for contactless card payments rose by more than half, from 45 pounds ($62) to 100 pounds. It’s a milestone for a country whose banks got an early start with tap-to-pay technology and where 88% of debit and 81% of credit cards now have contactless features.”
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