Facing an economic crisis and consequently fewer US dollars and other hard currencies, Egypt floated a three-year sustainability panda bond worth 3.5 billion yuan (US$478 million) in October. Panda bonds – typically denominated in yuan and issued in China by non-Chinese organisations, including governments and corporations – have gained traction as traders and countries seek
Samsung Electronics America, Inc., announced Samsung Money by SoFi. This brings a brand new cash management account with a Mastercard debit card and exclusive benefits to Samsung Pay. The biggest difference to Apple’s credit card is that Samsung offering a money management account with cooperation with the online personal finance company SoFi, and cards will
getty Payment processor TabaPay said it has agreed to acquire the operating assets of Synapse Financial Technologies, a troubled banking-as-service fintech. According to TabaPay, the sale follows Synapse’s filing today of a Chapter 11 bankruptcy petition, meaning the deal must be approved by the bankruptcy court. The sale would move San Francisco-based Synapse’s lending, brokerage
NOW Money, a fintech specialising in banking and payroll solutions for the underbanked migrant population in the Middle East, has partnered with CBI and Network International. These partnerships represent a significant advancement in NOW Money’s goal to offer accessible financial services to underserved migrant workers in the GCC region. The collaboration with Commercial Bank International