In today’s top payments news around the world, Ebanx is said to be eyeing acquisitions in Latin America, and 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
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.
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