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eWallets Don’t Make Money, Says Mandiri Capital Chief

PYMNTS

The CEO of PT Mandiri Capital Indonesia, the venture capital arm of PT Bank Mandiri, said the only way digital payment platforms can ever make money is by acting as a sort of portal into other services, otherwise it’s “just a cash-burning exercise,” according to reports. Nobody makes money from e-wallets,” Danusaputro said.

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Solve This Problem with Your Strategic Horizon

South State Correspondent

Strategic Horizon and Capital As mentioned, the problem that bank’s often run into when it comes to strategic planning is their time horizon is too short. The bank that will be around in the next 50 years will be one that develops the ability to build infrastructure now that allows for efficient innovation in the future.

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Tonal Raises $120M For Connected Fitness Growth

PYMNTS

17) that it has raised $120 million in a second round of venture capital funding. This new capital will allow us to accelerate our marketing initiatives while scaling our supply chain so that we can change even more people’s lives through the power of strength training," Tonal CEO Aly Orady wrote in a blog post.

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Top News In Payments: Stripe Rolls Out Stripe Capital; Cards Generate $6.13T In Spending

PYMNTS

Today in the payments news roundup, Stripe launched Stripe Capital to simplify the way internet companies can access funds. Stripe unveiled the rollout of Stripe Capital to simplify the way internet companies can access funds. Also, commercial and consumer cards issued in the U.S. generated $6.13 US Payment Card Market Tops $6T.

Capital 128
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Mint Payments Completes $6M Placement For Southeast Asia Expansion

PYMNTS

The report noted the capital raising will be undertaken in two tranches, with tranche 1 comprised of 50.6 The option is exercisable over an 18-month term at an exercise price of $0.079, which will, if exercised, provide Mint with further growth capital of up to $2.4 million shares, raising $4 million.

Exercises 120
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Peloton’s Latest Workout: Putting Delivery Delays At The Back Of The Class

PYMNTS

Precor President Rob Barker said he was “excited to combine our manufacturing expertise and more than 40 years of equipment innovations with Peloton's award-winning workout experiences.”. Increased manufacturing capacity should help alleviate the biggest impediment to growth,” KeyBanc Capital Markets analyst Ed Yruma said.

Exercises 262
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Vice Chair Barr outlines Federal Reserve’s near-term priorities

CFPB Monitor

To achieve the safety and soundness of banks and stability of the financial system, Barr intends to focus on mitigating evolving risks through regulatory capital reform, resolution planning for large banks, and revisiting the criteria used by the Fed to analyze and approve large bank mergers.

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