Brazil Considers Taxing Crypto Cross-Border Payments
Much has been made of the potential efficiencies that stablecoins and other cryptocurrencies could bring to cross-border payments, but Brazil’s government also believes their use creates a tax loophole. According to Reuters, Brazil’s Finance Ministry is considering expanding the scope of its financial transaction tax to include certain cross-border payments made with digital assets. Under […]
JPMorgan’s In-Car Payments Unit Takes the Exit Ramp
JPMorgan Chase has decided to shut down its VW Pay division, formally known as the J.P. Morgan Mobility Payments Solution. The Luxembourg-based unit struggled to achieve profitability in the once-promising field of automotive payments, which enables customers to make digital payments for fuel, parking, and other internet-connected services. JPMorgan will continue providing mobility services to […]
How the Gift Card Revolution Will Accelerate Next Year
Once a humble piece of plastic tied to a single merchant, gift cards have evolved into flexible ecosystems that sit at the forefront of many brands. A major driver of this transformation has been digital gift cards, which have reshaped the way the industry views prepaid products. Today, gift cards are not only central to […]