In today’s top payment news around the world, Mobile Money and bKash have teamed up with Ripple while Ant Group is reportedly working fast to revamp its operations to comply with government regulations. In addition, MercadoLibre sold $ 1.1 billion in bonds to expand its fleet of electrically powered delivery vehicles.
Malaysia’s mobile money, Bangladesh’s bKash team with Ripple On eWallet transfers
Ripple, the blockchain-based international payment company, announced that it has signed a contract that will allow mobile money and bKash to process transactions over the RippleNet network. “BKash and MobileMoney will gain access to a wide variety of features from RippleNet, including wallet-to-wallet transactions,” Ripple said in a statement unveiling the agreement.
Revision of the Ant Group to the satisfaction of the Chinese regulatory authorities
According to reports, Jack Ma’s Ant Group is expediently working to revise operations to comply with government regulations. Ant, which was spun off from Alibaba in 2014, was ready to list on the Hong Kong and Shanghai stock exchanges in November until regulators stepped in and abruptly pulled the plug. The company has now set up a task force to deal with the issues identified by regulators, an official from People’s Bank of China said according to reports.
MercadoLibre Expands Electric Fleet After $ 1.1 Billion Bond Sale
MercadoLibre, the Latin American online retail company, sold $ 1.1 billion in bonds to expand its collection of electric delivery vehicles. “We are seeing positive results and the adoption of electric vehicles in our network should intensify in the future,” said Andre Chaves, senior vice president of MercadoLibre, in a published report.
Over $ 7 billion worth of Deliveroo ahead of a possible IPO
Deliveroo, the UK delivery company, announced in an announcement that it had made $ 180 million in new investments, bringing its valuation to $ 7 billion. The investment will enable the company to “continue to invest in developing the best of business for consumers, drivers and restaurants,” said an announcement. The new funding comes from Fidelity Management & Research of Boston and Durable Capital Partners of Maryland.
WATCH LIVE: MONDAY, JANUARY 18, 2021 AT 12:00 PM (EST)
Over: From the online betting industry, where physical location is regulated by law at the time of use, to banks that adhere to stringent international KYC (Know Your Customer) regulations, geolocation services are proving to be a powerful weapon against fraudsters. Oddly, however, recent PYMNTS research shows that consumers are more willing to share location data with grocery ordering apps than with their own bank’s mobile app. Join the discussion as Karen Webster, CEO of PYMNTS, and geospatial experts discuss the revolution in the use of geolocation data and why banks need to participate.