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FinTech Payment Firm Nuvei Files IPO In Canada

PYMNTS

The lead underwriter for the offering is Goldman Sachs Canada in cooperation with book managers Credit Suisse Securities Canada Inc, BMO Nesbitt Burns Inc. and RBC Capital Markets. Founded in 2003, Nuvei said its platform connects the major payment card platforms worldwide, and supports more than 450 payment methods and 150 currencies.

Payments 229
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The Final CFPB Prepaid Card Rule Is Here (Expect Controversy)

PYMNTS

The use of prepaid cards has exploded over the last decade or so — in 2003 consumers put less than $1 billion on prepaid cards annually, but by 2012 that figure had grown to $65 billion and by 2018 that figure is projected to reach as much as $121 billion. The user base of prepaid cards has grown significantly as well.

Cards 189
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MercadoLibre: The ‘Amazon Of Latin America’ Spreads Its Wings

PYMNTS

Imagine if a North American company had the market share of Amazon, the payment flexibility of PayPal and the credit portfolio of Visa. MercadoLibre is an eCommerce platform similar to Amazon , with its own payments infrastructure that has grown into credit, mobile payments and asset management capabilities. percent year over year.

America 248
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The Evolution Of eBay’s Global Payments Strategy

PYMNTS

Many businesses today see selling products in new markets as a growth opportunity. Expanding into a new market — even one as geographically close as Mexico, for example — would present a number of logistical hurdles that many businesses may not be equipped to handle. Appealing to a wider array of customers within the U.S.

Strategy 230
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Govt Eyes BEC, Govt Slammed By BEC

PYMNTS

The South China Morning Post reports that the SFC has set up a form online through a page titled “Reporting corporate fraud and market misconduct.” The total spending came to as much as 12 million euros between 2003 and 2012. The three former chairmen include Ding Hui, who is the co-founder of mainland fashion retailer Fujian Nuoqi.

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Opentech Teams Up with MasterCard, Swiss Bankers to Launch Card Management App

Fintech Labs Insights

Swiss Bankers Prepaid Services has leveraged OpenPay , the wallet service platform from Opentech , to build a new version of its card management app, MyCard. Founded in 2003 and headquartered in Roma, Italy, Opentech demonstrated its Enhanced Hybrid Apps at FinovateEurope 2013.

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Opentech Teams Up with MasterCard, Swiss Bankers to Launch New Card Management App

Fintech Labs Insights

Swiss Bankers Prepaid Services has leveraged OpenPay , the wallet service platform from Opentech , to build a new version of its card management app, MyCard. Founded in 2003 and headquartered in Roma, Italy, Opentech demonstrated its Enhanced Hybrid Apps at FinovateEurope 2013.