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July 26, 2021

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Exclusive: Brazilian payments network Elo picks banks for IPO – sources

Reuters
SAO PAULO (Reuters) – Brazilian payments firm Elo has chosen six banks to manage its initial public offering, four sources close to the matter said, in the first concrete sign it is proceeding with a move first proposed by shareholders in August. FILE PHOTO: A view of the exterior of......

Instacart, DoorDash plan to launch credit cards: WSJ

Reuters
FILE PHOTO: A DoorDash delivery person is pictured on the day they hold their IPO in the Manhattan borough of New York City, New York, U.S., December 9, 2020. REUTERS/Carlo Allegri (Reuters) – U.S. grocery delivery app Instacart Inc and food delivery firm DoorDash Inc are planning to launch their......

Instacart, DoorDash plan to launch credit cards: WSJ

Reuters
FILE PHOTO: A DoorDash delivery person is pictured on the day they hold their IPO in the Manhattan borough of New York City, New York, U.S., December 9, 2020. REUTERS/Carlo Allegri (Reuters) – U.S. grocery delivery app Instacart Inc and food delivery firm DoorDash Inc are planning to launch their......

Mastercard to delay card fee hikes until April next year

Reuters
FILE PHOTO: A Mastercard logo is seen on a credit card in this picture illustration August 30, 2017. REUTERS/Thomas White (Reuters) – Mastercard Inc has postponed plans for changes in interchange fee until April next year, the payments processor said in an emailed statement on Tuesday. Interchange fee is the......

AmEx CEO does not expect all employees to return to office

Reuters
FILE PHOTO: American Express logo and trading symbol are displayed on a screen at the New York Stock Exchange (NYSE) in New York, U.S., December 6, 2017. REUTERS/Brendan McDermid (Reuters) – American Express Co said on Tuesday not all of its employees would likely return to office. Amex may consider......

Britain raises contactless limit as COVID accelerates electronic payments

Reuters
LONDON (Reuters) – Britain is more than doubling to 100 pounds the limit on contactless payments made with debit or credit cards, the finance ministry said on Wednesday, as COVID-19 accelerates a shift to electronic payments from cash. The finance ministry said that while legally in force from Wednesday, the......

Visa profit falls as pandemic crimps travel spending

Reuters
FILE PHOTO: Visa credit cards are seen in this picture illustration taken June 9, 2016. REUTERS/Maxim Zmeyev/Illustration (Reuters) – Visa Inc reported a 4% fall in quarterly profit on Thursday, hurt by lower cross-border spending volumes as the COVID-19 pandemic hammered the global travel industry. Net income fell to $3.13......

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