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South Korea delays crypto capital gains tax to 2027

The Paypers

South Korea’s Democratic Party (KDP) has agreed to postpone the implementation of the country’s cryptocurrency capital gains tax.

Taxes 67
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Indonesian FinTech LinkAja Closes $100M Series B Led By Singapore Super App Grab 

PYMNTS

Indonesian FinTech LinkAja closed a series B funding round led by Singapore super app Grab, with participation from Telkomsel, BRI Ventura Investama and Mandiri Capital Indonesia. . “We Cashless transactions in the country using digital money is anticipated to increase to 24 percent by 2027. 10), per IBS Intelligence.

Fintech 203
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Morgan Stanley Will Shutter Banking Operations In Russia In Q1 Of 2020

PYMNTS

and EU made it too hard for Russian businesses to access international capital markets. “(The) Reports said at the high end Morgan Stanley analysts peg potential sales as high as $313 billion by 2027. The bank’s Russian arm said in the report that sanctions from the U.S.

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FinTech Oxygen Introduces eBanking Solution For Gig Economy

PYMNTS

workforce by 2027. Oxygen is an all-in-one banking platform that can intelligently manage both the personal and business sides of its users’ financial lives,” said Andre Bliznyuck, general partner of Runa Capital, an Oxygen investor.

Fintech 134
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Flywire’s Massaro: Healthcare Payments’ $375B Efficiency Opportunity

PYMNTS

are expected to approach $6 trillion by 2027, with an annual growth rate that will eclipse GDP growth for that same period. The announcement of the Simplee acquisition also included news of an additional $120 million capital raise. According to the Centers for Medicare and Medicaid Services , healthcare expenditures in the U.S.

Payments 227
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Deep Dive: Preventing Fraudsters From Gaming The System As Online Gaming Heats Up

PYMNTS

percent compound annual growth rate (CAGR) globally from 2020 to 2027. . Cybercriminals are eager to capitalize on the virtual gaming industry’s increasing popularity, using tactics that include creating phony versions of popular online games that compromise users’ smartphones or computers once downloaded. billion in the U.S.

Online 222
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Neobank Joust Raises $2.6M To Improve Freelancer Payments

PYMNTS

There are 57 million freelancers in the country, and about half of the American workforce will do some type of freelance work by 2027. Through the use of contextual data and proprietary risk algorithms, Joust reduces the cost, complexity and risk of becoming a solopreneur.”. Joust believes this segment of the population is being underserved.

Payments 143