Today In Payments Around The World: Mynt Lands $175 Million In Funding; Airtel Teams With Amazon On Video
In today’s top payments news around the world, Globe Fintech Innovations has landed $175 million in additional venture funding, while Airtel has teamed with Amazon to launch a mobile-only video entertainment platform. Plus, the United Kingdom and the European Union are set to begin discussions on financial services sector regulation now that Brexit has been affected.
Globe Fintech Innovations of the Philippines, which is Globe Telecom’s financial technology division that runs the GCash digital wallet, has raised $175 million in further venture funding. Globe Fintech, which is called Mynt, said Bow Wave Capital Management and existing investors took part in the fundraise.
Airtel, a telecommunications company in India, has joined forces with Amazon to roll out a video entertainment platform only on mobile. Prime Video Mobile Edition is a subscription service for one user. Airtel runs throughout 18 nations in Africa and South Asia with a mobile network that covers over two billion individuals.
The European Union and the United Kingdom are poised to start discussions on financial services industry regulation now that Brexit has come into effect. The vertical was reportedly mostly overlooked in the Brexit deal that was finalized late last year, with both entities consenting to a draft of memorandum of understanding to create a regulatory framework by March.
International travelers aiming to visit the United States might have to show that they had a negative COVID-19 test prior to boarding an aircraft, according to a published report. The U.S. Centers for Disease Control and Prevention (CDC) is anticipated to put forward an order that would take effect on Jan. 26, according to the report.