FOLLOWING THE MONEY
FOLLOWING THE MONEY
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China’ s prepaid card and digital wallet sector is expected to grow at a 9.2 % CAGR in 2025, reaching around US $ 372 billion this year and projected to hit US $ 502 billion by 2029. The surge is being driven by e‐commerce, regulation and shift from cash to digital payments.
New Zealand accounting software firm Xero is acquiring US‐based payments provider Melio for US $ 2.5 billion. The deal, announced 24 June, aims to double Xero’ s US sales by 2028 by embedding Melio’ s payment solutions into its platform, significantly expanding its North American footprint. www. intelligentfin. tech
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