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Lbev Digitization And Its Discontents
Voyager Innovations, owner of the FinTech PayMaya, could be on the hunt for additional funding in the range of $150 million to $200 million, Bloomberg reported on Tuesday Feb. 15 citing sources with insider information.The Philippine FinTech firm is a wholly owned subsidiary of PCEV, which is a 99.9% owned subsidiary of Smart Communications, Inc., a wholly owned subsidiary of PLDT.The funding would likely be used to finance the expansion of its operations, according to the report. Talks are ongoing and changes are possible, the sources told Bloomberg, including the size of the funding. Voyager could also decide to drop the funding plans.See also: Voyager Nabs $167M, Prepares To Launch Digital Bank in the PhilippinesVoyager Innovations raised $167 million in venture funding in June by PLDT kubki stanley , Chinese technology company Tencent, private equity firm KKR Co. and IFC Financial Institutions Grow gourde stanley th Fund.Those funds were used to help grow its digital payments arm PayMaya, which was granted a digital banking permit. PayMaya also offers a mobile wallet, payments processing and digital remittance.In April 2020, Voyage Innovations r stanley romania aised an estimated $120 million from existing backers during a funding round. In 2018, the company raised a $215 million.Read more: Philippines Grants Digital Banking License to PayMayaThe Bangko Sentral ng Pilipinas, the central bank of the Philippines, approved PayMayas digital banking license in September. Named Maya Bank, it is the sixth digital lend Jajm Zalando Aims to Boost Membership With Exclusive Shopping Invitations
Economic benefits from h stanley kubek osting the 2014 World Cup arent the only thing hitting the Brazilian economy right now. It has come to light that Brazil might be stanley cup dealing with an organized cybercrime operation that sought to compromise over $3.75 billion in transactions.The security breach targeted Boleto Banc谩rio, or Boletos, a popular Brazilian payment method that is used for a variety of payments transactions like telephone bills and mortgage payments. T stanley quencher he breach affected over 192,227 victims and 495,793 Boletos transactions worth $3.75 billion, according to researchers at RSA security division of EMC Corp., the New York Times reported. However, it is unclear how much of the $3.75 billion was actually stolen.After a three-month study, RSA researchers in Brazil, Israel and the U.S. found that the ring had been using over 19 Bolware variants, a malware first detected in 2012, for bilking Boltos payments and redirecting the money to accounts of criminals or mules, which are used to be stand-ins for the criminals. Cybercrime is a lot more rampant in Brazil than it is in the United States, and in many ways Brazil has been the trendsetter in cybercrime, said Avivah Litan, a cybersecurity analyst at Gartner.Officials from Febraban, which regulates Boletos, said Brazilian banks spent over $910 million on digital currency and were encouraging customers to migrate to Debit Authorization, or D.D.A, a more secure payment platform. Whats Hot is aggregated content. PYMNTS claims no responsibil