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Today In Payments Around The World: Razer Fintech, Visa Unveil Prepaid Card; SafetyPay Collaborates With LATAM’s Rappi

PYMNTS

In today’s top payments news around the world, Razer Fintech and Visa have unveiled the Razer Card prepaid card, while SafetyPay has joined forces with LATAM’s Rappi. Razer Fintech, Visa Pitch New Prepaid Card to Young Adults in Singapore.

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State Regulators Investigate Payday Advances

PYMNTS

On Tuesday (August 6), Financial Services Superintendent Linda Lacewell formally announced that she, along with banking regulators from nine other states and in Puerto Rico, want to understand whether payroll advance firms are charging illegal interest rates by retitling them as “tips” or “membership fees.”.