Grab secures $ 2 billion loan facility

In today’s top payments news around the world, Grab said he had closed a loan facility, while Getir announced on social media that he had come to London. Additionally, European Union lawmakers have told four tech companies they are willing to delay a possible hearing beyond its originally scheduled date.

Singapore Grab secures $ 2 billion loan facility amid IPO speculation

Grab said it entered into a five-year, $ 2 billion term loan facility amid rumors it was preparing an initial public offering (IPO). Grab said the loan facility was increased by an initial principal amount of $ 750 million due to investor interest. The company said the loan would allow it to diversify its funding sources and consolidate its liquidity.

Call in London: Turkish delivery application Getir expands internationally

Turkish grocery delivery company Getir, whose scooter riders aspire to reach customers within 10 minutes of placing orders, announced on social media that it has come to the UK capital. “London, we have arrived! We are @getir, the pioneers of super-fast delivery. The grocery store in minutes, now in London, ”according to a tweet from the company’s official account.

EU lawmakers ready to delay Big Tech hearing

European Union lawmakers have informed Amazon, Apple, Facebook and Alphabet that they are prepared to postpone a possible hearing beyond its originally scheduled date of February 1. The European Parliament had invited business leaders to a hearing in Europe to help them come to an opinion on the new strict rules that the European Commission had put forward.

German finance minister says OECD digital tax deal likely by summer

The German finance minister predicts that OECD member states will reach an agreement by the summer on levying a tax on large digital companies. OECD member states have until this summer to reach consensus on a tax. In the event that this does not happen, some Member States may decide to collect their own taxes.

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NEW PYMNTS DATA: FOCUS ON AI: THE BANK’S TECHNOLOGICAL ROADMAP

About the study: The AI ​​In Focus: The Bank Technology Roadmap is a research and interview report examining how banks are using artificial intelligence and other advanced IT systems to improve credit risk management and other aspects of their operations. The Playbook is based on a survey of 100 banking executives and is part of a larger series assessing the potential of AI in finance, healthcare and others.



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