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Indonesian FinTech LinkAja Closes $100M Series B Led By Singapore Super App Grab 

PYMNTS

Indonesian FinTech LinkAja closed a series B funding round led by Singapore super app Grab, with participation from Telkomsel, BRI Ventura Investama and Mandiri Capital Indonesia. . “We Cashless transactions in the country using digital money is anticipated to increase to 24 percent by 2027. 10), per IBS Intelligence.

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Morgan Stanley Will Shutter Banking Operations In Russia In Q1 Of 2020

PYMNTS

and EU made it too hard for Russian businesses to access international capital markets. “(The) Reports said at the high end Morgan Stanley analysts peg potential sales as high as $313 billion by 2027. The bank’s Russian arm said in the report that sanctions from the U.S.

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FinTech Oxygen Introduces eBanking Solution For Gig Economy

PYMNTS

workforce by 2027. Oxygen is an all-in-one banking platform that can intelligently manage both the personal and business sides of its users’ financial lives,” said Andre Bliznyuck, general partner of Runa Capital, an Oxygen investor.

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How Basel III Affected SMB Lending

PYMNTS

Basel III regulations, which were agreed upon in 2010 and set to be fully in effect by 2027, imposed stricter capital requirements on financial institutions that some critics argued stifled FIs’ ability to provide loans to small and medium-sized businesses (SMBs). billion short of Basel III capital requirements as of last year.

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Neobank Joust Raises $2.6M To Improve Freelancer Payments

PYMNTS

There are 57 million freelancers in the country, and about half of the American workforce will do some type of freelance work by 2027. Through the use of contextual data and proprietary risk algorithms, Joust reduces the cost, complexity and risk of becoming a solopreneur.”. Joust believes this segment of the population is being underserved.

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The Historic Push For PPE

PYMNTS

billion in annual spending on PPE projected by 2027. Digital payments help sellers get paid faster and buyers [to] make convenient payments while benefiting from working capital and cash flow management.”. Numbers are fairly staggering even as COVID-19 infections slowly recede, with $98.3 But making more PPE isn’t the only issue.

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Where The Biggest Payments Players Are Investing In Private Markets

CB Insights

To capitalize on this growth, public payments incumbents are increasingly investing directly in private markets, participating in 45 deals totaling $2.2B Payments markets are some of the largest in the world. According to CB Insights market sizing data, the global digital payments market is expected to grow to $2.4T