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Today In Payments Around The World: Ebanx Considers LatAm Acquisitions; Dubai Introduces Digital Currency

Today In Payments Around The World: Ebanx Considers LatAm Acquisitions; Dubai Introduces Digital Currency

May 25, 2021 at 05:13PM
by PYMNTS

In today’s top payments news around the world, Ebanx is said to be eyeing acquisitions in Latin America, while Dubai is debuting a DubaiCoin cryptocurrency. Plus, blank-check companies can now trade on the Tel Aviv Stock Exchange (TASE).

Brazil’s FinTech Ebanx Readies IPO, Eyes LatAm Acquisitions

Ebanx is reportedly eyeing acquisitions in Latin America as it gets ready for a potential initial public offering (IPO). It would reportedly make a new platform named Ebanx One that would include cross-border payments and local transactions. “Our goal is to be seen as a gateway to LatAm markets for huge companies,” Co-Founder and CEO Joao Del Valle told Bloomberg

Dubai Debuts Own Cryptocurrency Valued At $0.17 Per Coin

Dubai is introducing a DubaiCoin digital currency with an international starting price of 17 cents per coin. Individuals have the ability to harness the token to make payments for merchandise in addition to services both through in person transactions and via the web. The intent is for the crypto to be harnessed in lieu of regular paper money.

Tel Aviv Stock Exchange Now Welcomes SPACs

Special purpose acquisition companies (SPACs) now have the ability to trade on the TASE following new rules established by the Israel Securities Authority (ISA). Anat Guetta, the ISA Chairwoman, noted that the regulations are meant to help safeguard investors while also providing local upstarts with access to an additional funding avenue.

Thailand Eyes Tough Future For Travel Industry, 7 Million Workers

The National Economic and Social Development Council of Thailand said that it could take five years before the tourism sector goes back to normal in the country. The council indicated that, provided tourism’s challenges, some workers will need to find jobs in other parts of the economy. Thailand is aiming to open its tourist destinations to vaccinated visitors once more, with the resort island of Phuket set to open again in July.