PYMNTS

OCTOBER 23, 2019

B2B FinTech BitPesa , which operates a platform offering foreign exchange and cross-border payment services, is restructuring and has announced new funding to support its expansion efforts. BitPesa is a foreign exchange and cross-border payments platform that uses blockchain to settle transactions for corporates based in Africa.

Restructuring 40

Restructuring Foreign Exchange Securities B2C 40

PYMNTS

JUNE 16, 2020

Foreign exchange giant Travelex is pulling its offer of sale to prospective buyers after none of the buyers could offer an acceptable deal to the company’s banks and lenders, Financial Times (FT) reports. The company said Monday that it has a temporary waiver from around 70 percent of the holders for its senior secured notes.

Sales 52

Sales Foreign Exchange Banking Restructuring 52

PYMNTS

DECEMBER 2, 2020

The Shanghai Stock Exchange delayed Ant Group’s attempt at a record record-setting IPO after controlling shareholder Jack Ma’s clash with Chinese regulators. Howard Yu , director of IMD’s signature Advanced Management Program (AMP), told PYMNTS recently that a restructuring could be on the horizon for Ant Group.

Sales 71

Sales Foreign Exchange Restructuring Planning 71

PYMNTS

MAY 1, 2020

London-based Finablr , which owns two foreign exchange businesses, found that the overall debt of the company was $1.3 And Shetty’s holding company BRS Ventures, which owns stake in Finablr and NMC, was in conversation with investment bank Houlihan Lokey on options that included debt restructuring.

Foreign Exchange 61

Foreign Exchange Restructuring Valuation Numbers 61

PYMNTS

DECEMBER 28, 2020

Published reports indicate that China’s central bank and banking, securities and foreign-exchange regulators summoned Ant Group executives this past weekend to discuss official concerns about the firm. Reuters quoted central bank Vice Gov. Will Chinese Authorities Force Ant To Restructure? .

Restructuring 67

Restructuring Foreign Exchange Compliance Financial Systems 67

PYMNTS

NOVEMBER 20, 2020

To that end, Howard Yu , LEGO Professor of Management and Innovation and director of IMD’s signature program, Advanced Management Program (AMP), told Karen Webster that a restructuring may be on the horizon. . As reported earlier this month , the Shanghai Stock Exchange delayed Ant Group’s record initial public offering (IPO).

Restructuring 94

Restructuring Foreign Exchange Valuation Banking 94

PYMNTS

OCTOBER 23, 2019

Meanwhile, both PNC Bank and Bank of America introduced new solutions designed to ease friction in B2B payments by embracing a range of existing rails. This strategy bypasses the traditional intra-banking system that can take several days and often lacks visibility into the status of funds as they move across borders and between FIs.

B2B 40

B2B Accounts Payable Foreign Exchange Treasury 40