In today’s global payments news, Globe Fintech Innovations has landed $ 175 million in additional venture capital funds, while Airtel has partnered with Amazon to launch a mobile-only video entertainment platform. In addition, the UK and the European Union are ready to begin discussions on regulating the financial services sector now that Brexit has been affected.
Mobile wallet provider Mynt secures $ 175 million in funding
Globe Fintech Innovations of the Philippines, which is Globe Telecom’s financial technology division that manages the GCash digital wallet, has raised an additional $ 175 million in venture capital. Globe Fintech, which is called Mynt, said Bow Wave Capital Management and existing investors took part in the fundraiser.
India: Airtel signs deal with Amazon to launch mobile-only videos
Airtel, a telecommunications company in India, has partnered with Amazon to roll out a video-only mobile entertainment platform. Prime Video Mobile Edition is a subscription service for one user. Airtel operates in 18 countries in Africa and South Asia with a mobile network that covers more than two billion people.
UK, EU start negotiations on financial services regulation
The European Union and the United Kingdom are set to begin discussions on regulating the financial services sector now that Brexit has entered into force. The vertical was reportedly mostly overlooked in the Brexit deal that was finalized late last year, with the two agreeing to a draft MoU to create a regulatory framework by March .
International travelers will likely need a negative COVID test to travel to the United States
International travelers wishing to travel to the United States may need to show they have tested negative for COVID-19 before boarding a plane, according to a published report. The U.S. Centers for Disease Control and Prevention (CDC) is expected to present an order that will take effect Jan. 26, according to the report.
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NEW PYMNTS DATA: THE SUBSCRIBE GROUP REPORT OF DECEMBER 2020
About: The PYMNTS Subscription Bundling Report surveyed a census-balanced panel of 2,962 U.S. consumers to assess how their attitudes toward bundled subscription services have changed during the pandemic, particularly those offered by companies in the streaming industry. The report also examines how knowledge that a COVID-19 vaccine will soon be available in the United States could affect their perceptions.
