India's Booming Payments Industry Lures Ebanx With IPO on the Cards [BNN Bloomberg (Canada)]
Spotify Technology S.A. Ordinary Shares (SPOT)
Last spotify technology s.a. ordinary shares earnings: 4/29 06:00 am
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Source: BNN Bloomberg
Ebanx, which counts Advent International LP and FTV Capital among backers, will soon begin allowing global merchants to process payments through its platform including India's booming Unified Payments Interface in one of its biggest bets yet on large emerging markets. “It's in the center of our vision to expand into emerging markets — we call them rising markets — and connect them to global commerce,” Chief Executive Officer and co-founder Joao Del Valle said in an interview. “Our merchants in the US, Europe and China have demand for India, they have businesses there and they need support.” Since its founding in 2012, Curitiba-based Ebanx has focused on cross-border transactions for clients like Spotify Technology SA, Airbnb Inc. and Alibaba Group Holding Ltd. It has grown into a leading player in Brazil's own central bank-controlled instant payments platform known as PIX, which is used more than credit cards now in Latin America's largest economy. Expanding to India gives the
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