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Sri Lanka: Recovery Takes Hold

Global Finance

The latest such episode started in 2019 with the ongoing debt crisis, followed by a currency collapse and, in 2022, the fall of the scandal-ridden government of Rajapaksa. With the next presidential and parliamentary elections planned for 2024, the approval ratings of the incumbent president and his government are weak.

Economics 105
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Bitcoin Soars In Japan, But What’s ‘Synthetic Currency?’

PYMNTS

Russia’s love-hate relationship with digital currency continues. Now, Russia has overcome its fears and has opened the first digital currency exchange. The new exchange will provide 24/7 currency exchange services and, according to News BTC , the Russian exchange is an actual office. In the first half of 2016, 7.8

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First Data, InstaReM Pair On Corporate Card Issuance

PYMNTS

Singapore-based FinTech startup InstaReM , which enables banks and consumers to send money across borders , announced a partnership with First Data to assist businesses that issue corporate credit cards. Ripple participated as well, and has partnered with InstaReM to enable the startup to send payments around the world. million.

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Robotics Process Automation Rakes In The VC Cash

PYMNTS

In a week of multiple nine-figure venture capital funding rounds, B2B FinTech has proved it plans to end the year on a high note. This week, RPA startup Automation Anywhere made waves with its $300 million investment from the SoftBank Vision Fund, reports said Thursday (Nov. The investment now values Automation Anywhere at $2.6

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Daily Data Dive: Investment Wrap Up

PYMNTS

From startups to blockchain and financial institutions, there has been a myriad of investing related news announced late this week. Here are the numbers: $2 billion | Amount Snapchat is predicted to lose in 2017. million | Amount of funding announced by food delivery startup JoyRun. $7 subprime lender. . $7

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Bitcoin Daily: Venezuela Requires Crypto Payments For Passports, Seoul To Create $108M Blockchain City

PYMNTS

In Venezuela, citizens reportedly now need to use the country’s new Petro digital currency to pay for passports, Coindesk reported. A new passport will now come at the cost of two Petros, which is equivalent to 7,200 of the country’s bolivar currency. telephone number management.”

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Monzo Ahead Of Revolut For US Banking License

PYMNTS

The five-year-old London-based startup, which has 4 million customers in the United Kingdom, has applied to the U.S. Office of the Comptroller of the Currency for a banking license. Monzo is reportedly planning to open up a new office in San Francisco, and also to increase the number of employees it has in the U.S.

Banking 75