In today’s top news, Grab is merging with Altimeter to go public, and Apple is developing a new product for the connected home market. Plus, Coinbase will IPO on Wednesday (April 13).
Grab, Southeast Asia’s biggest technology platform, announced that it will merge with the special purpose acquisition company (SPAC) Altimeter to go public, a deal that would give the ride-hailing and delivery giant a valuation close to $40 billion, making it the largest SPAC merger in history.
Apple is developing a smart product to take on a wide array of at-home tasks. The product will include an Apple TV set-top box and a HomePod speaker, along with a camera for video conferencing through a connected TV.
Coinbase is aiming to go public on the tech-heavy NASDAQ exchange next week, selling roughly 115 million shares in a direct listing. The rewards may be heady, with a rocketing share price, but it seems the risks are also significant.
Central bank digital currencies (CBDCs) have been heralded for a number of potential use cases, from retail payments to cross-border B2B payments to staving off bitcoin and Diem. At least one think tank also posits that a digital British pound could help the U.K. cement a standing as a digital financial services hub.
Any effort to stop money laundering has to address the root cause of the fraud that underpins it. In this month’s AML/KYC Tracker, Max von Both, senior vice president of compliance at payments provider Paysafe, explains how real-time transaction analysis helps stop fraud at its point of origin while dismantling the money laundering it enables.
More than a quarter of consumers would consider buying life insurance from their primary financial institutions (FIs), but just 7 percent have done so — a disconnect that FIs must overcome to capture new revenue streams. In the Life Insurance Engagement Report: Consumers, FIs and The Life Insurance Digital Path To Purchase, PYMNTS surveyed 2,326 consumers to examine what FIs must do to win over today’s digital-first life insurance buyers.
The numbers from 2020 defy description for the travel business. But in this first installment in a series that examines the prospects for reopening, optimism reigns in the industry — and PYMNTS data shows that consumers are ready to ride.
Read More On Payments:
- Today In Retail: Genesco Encounters Activist Challenge For Board Seats; Grove Collaborative To Sell Products At Target Locations
- Spreedly Adds New Professional Services Team To Support Payments Orchestration
- Moneycorp Names Cross-Border Payments Pro David Yates Vice Chair
- Innovative Approaches To Retail Stores, Logistics And Commerce
Selected by EFXA