In today’s top payments news around the world, Grab said it has closed on a loan facility, while Getir announced on social media that it has come to London. Plus, European Union legislators have told four tech companies that they are willing to delay a potential hearing past its initially scheduled date.
Singapore’s Grab Gets $2 Billion Loan Facility Amid IPO Speculation
Grab said it has closed on a $2 billion, five-year term loan facility amid rumors that it is preparing an initial public offering (IPO). Grab said the loan facility was increased from an original principal amount of $750 million because of investor interest. The firm said the loan will let it diversify its funding sources and shore up its liquidity.
London Calling: Turkish Delivery App Getir Expands Internationally
Turkish grocery delivery company, Getir, whose motor scooter-riding drivers aspire to reach clients within 10 minutes of the placing of orders, announced on social media that it has come to the U.K. capital. “London, we’ve arrived! We’re @getir, the pioneers of super-fast delivery. Groceries in minutes, now in London,” according to a tweet from the firm’s official account.
European Legislators Willing To Delay Big Tech Hearing
European Union lawmakers have notified Amazon, Apple, Facebook and Alphabet that they are amenable to postponing a possible hearing beyond its initially scheduled date of Feb. 1. The European Parliament had invited leaders of the companies to a hearing in Europe to help them come to an opinion in strict new rules the European Commission had put forward.
German Finance Minister Says OECD Digital Tax Deal Likely By Summer
The finance minister of Germany sees OECD member states attaining a deal by the summer on levying a tax on major digital firms. OECD member states have until this summer to come to a consensus on a tax. In the event that does not occur, some member states could move to levy their own taxes.
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