SWIFT tests CBDCs with Capgemini

June 1st 2022
Interest in Central Bank Digital Currencies (CBDCs) is growing amongst central banks amid a debate over the shaping of regulations regarding CBDCs. Private sector firms are now testing the exchange of CBDCs to be future-ready.

Modulr launches SEPA for European businesses

June 14th 2022
Modulr, a London-based business payments platform has announced the launch of its real-time Euro payments service, based on the real-time pan European SEPA Instant scheme. The payments under this system work 24/7 and settle funds in 10 seconds and it affirms that it presents European businesses with “competitive opportunities”.

Fleetcor acquires Global Reach Group

June 14th 2022
Fleetcor, a US-based B2B payments company, has signed a definitive agreement to acquire a UK-based cross-border payments firm, Global Reach Group. With this acquisition, the company hopes to position itself and scale as one of the largest non-bank providers in the world. As per the company, it is expected to close this by the fourth quarter of 2022, subject to regulatory approval and standard closing conditions.