Latest news with #Arcus
Yahoo
03-07-2025
- Business
- Yahoo
Mastercard (MA) Divests Mexico Digital Payment Unit
Mastercard Incorporated (NYSE:MA) is one of the 13 best blue-chip stocks to buy according to analysts. On June 27, Argentina-based fintech startup Tapi announced its acquisition of the bill payment and cash-handling divisions of Arcus, a Mastercard-owned company, expanding its footprint in the Mexican market. Bornfree / The acquisition will give Tapi access to a vast network of cash-in and cash-out locations across Mexico. The acquisition will also enable the company to expand its digitization efforts in a market with growing fintech adoption. Tapi expects the expansion to allow them to process more than 270 million transactions in Latin America by year-end. Mastercard, Arcu's parent company, will retain the brand and payment processing and reconciliation technologies through Mexico's real-time interbank network. Mastercard Incorporated (NYSE:MA) is a financial technology company focused on the payments industry. It facilitates electronic funds transfers (EFTs) through its network, enabling transactions using branded debit, credit, and prepaid cards. While we acknowledge the potential of MA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Daily Record
01-07-2025
- Climate
- Daily Record
Rare 'roll clouds' spotted over Portuguese beaches as heatwave sweeps Europe
Wild weather is hitting various parts of Europe during the current record-breaking heatwave. Holidaymakers have been stunned by extremely rare 'roll clouds' on Portuguese beaches as the current heatwave sweeps the continent. A terrifying 'water bomb' also tragically killed a man who was swept away in Italy. Temperatures have reached worrying heights across Europe, including record-breaking 46C weather in Spain. The extreme weather also led Portugal beach-goers to see freak roll clouds in the sky. The weather phenomenon hit beaches in northern and central Portugal. 'Roll clouds' are rare and unique-looking clouds that are most commonly seen along with thunderstorms. The wide, horizontal cloud shelf is formed when a downdraft, usually from an oncoming storm, causes moist, warm air to rise then cool before its dew point and form a cloud. According to the Met Office: "When a cold downdraft from a cumulonimbus cloud reaches the ground, the cold air may spread rapidly along the ground, pushing existing warm moist air upwards. "As this air rises, water vapour condenses into the patterns associated with Arcus clouds. The new cloud may roll if it experiences different wind directions above and below." The current heatwave contributed to the warming of both the sea and air, creating this rare weather phenomenon in Portugal. Tourists told of a tsunami-like effect of clouds rising up and darkening the sky, that appeared as black sheet that covered the horizon. Mario Marquez, Plano Clima climatologist, said: 'This formation occurred due to the sea breeze during sunset at the beginning of the evening. Due to high temperatures on the surface it did not manage to progress inland and it stayed self-contained forming a constant roll.' It came as Portuguese authorities issued a red heat warning for seven of 18 districts with temperatures forecast to hit 43C. Heat warnings have been issued for parts of Spain, Portugal, Italy, Germany and the UK in this latest hot spell, reported the Mirror. 'Extreme heat is no longer a rare event — it has become the new normal,' UN Secretary-General António Guterres tweeted from Seville, Spain, where temperatures hit 46C. He called for action to fight climate change, saying 'the planet is getting hotter & more dangerous.' Dr Hans Kluge, head of the World Health Organization's Europe office, warned in a statement that the scorching heat 'silently threatens the people who need protection most: older adults, children, outdoor workers and anyone living with chronic health conditions.' Meanwhile, in Italy, the Health Ministry put 21 cities under its 'red' alert, which indicates 'emergency conditions with possible negative effects' on healthy, active people as well as others. Regional governments in northwestern Liguria and southern Sicily put restrictions on outdoor work. There were torrential rains in the north, and parts of Bardonecchia near Turin were covered in sludge after the Frejus river burst its banks. RAI state television said one person was killed. Greengrocer Franco Chiaffrini, 70, was swept away by water and mud in Bardonecchia with regional president Alberto Cirio saying a 'water bomb' suddenly hit the town. Onlookers said that he was dragged by the current and his body was found several hours later by firefighters. 'We are increasingly faced with emergency situations due to weather events that we used to call exceptional but are now more and more frequent,' Mr Cirio wrote on social media. Join the Daily Record WhatsApp community! Get the latest news sent straight to your messages by joining our WhatsApp community today. You'll receive daily updates on breaking news as well as the top headlines across Scotland. No one will be able to see who is signed up and no one can send messages except the Daily Record team. All you have to do is click here if you're on mobile, select 'Join Community' and you're in! If you're on a desktop, simply scan the QR code above with your phone and click 'Join Community'. We also treat our community members to special offers, promotions, and adverts from us and our partners. If you don't like our community, you can check out any time you like. To leave our community click on the name at the top of your screen and choose 'exit group'.
Yahoo
30-06-2025
- Business
- Yahoo
tapi buys Mastercard's Arcus operations in Mexico
Argentina-based payments startup tapi has acquired the bill payment and cash-handling operations of Arcus, a Mastercard company, in Mexico. The financial details of the transaction have not been disclosed. Arcus provides support for bill payment and cash-in, cash-out services for billers, retailers, fintechs, and traditional financial institutions in both the US and Mexico. Its primary offering, the Arcus Pay Network, reportedly connects directly with major billers and some of Mexico's largest retail chains. The platform was authorised to handle payment processing, settlement, and reconciliation through Mexico's real-time Interbank Electronic Payment System (SPEI). Through this acquisition, tapi gains access to an extensive network of cash-in and cash-out points, including major retailers like OXXO and 7-Eleven, while also broadening its connections with billers nationwide, according to the company. tapi CEO Tomas Mindlin, confirmed that the operation was an all-cash transaction. The company plans to utilise part of the $32m it has raised in total, along with profits generated over the past three years, to fund the acquisition. The startup anticipates that this expansion will enable it to process over 270 million transactions in Latin America by the end of this year, amounting to a total payment volume of $5.5bn. Mastercard, which acquired Arcus in 2021, will retain the brand as well as the payment processing and reconciliation technologies through Mexico's real-time interbank network, SPEI. In an interview to Bloomberg, Mindlin said: 'We believe it will be an investment that will pay off very quickly, both in terms of current cash flow, the full scope of what Tapi and Arcus can do together, and the growth of the fintech industry in the region.' 'However, we are not here to make profits in the short-term, but rather to drive the development of the sector in Latin America, especially in Mexico.' tapi collaborates with banks and fintechs to process recurring payments, cash transactions, and other payment types through a single integration. "tapi buys Mastercard's Arcus operations in Mexico " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
27-06-2025
- Business
- Bloomberg
Argentine Fintech tapi Buys Mastercard Unit in Mexico Expansion
Argentine payments services startup tapi has acquired the bill payment and cash-handling operations of Mastercard's Arcus in Mexico, part of a bid to double-down on Latin America's second-largest economy. Tapi, whose founders are Argentine but has its largest operations in Mexico, works with banks and fintechs to process recurring payments, cash transactions, and other payments through a single integration. It also processes payments for companies such as Mercado Pago, DollarApp and Stori.
Business Insider
02-06-2025
- Business
- Business Insider
Arcus Biosciences presented data for casdatifan plus cabozantinib
Arcus Biosciences (RCUS) presented the first data for casdatifan plus cabozantinib in an oral presentation by Dr. Toni K. Choueiri, Dana-Farber Cancer Institute, at the 2025 American Society of Clinical Oncology, ASCO, Annual Meeting. Arcus is pursuing a broad development program in both the immuno-oncology-naive and post-IO settings with differentiated combinations to maximize the opportunity for casdatifan in ccRCC. These studies include: Arcus's planned Phase 3 study, PEAK-1, which will evaluate casdatifan plus cabozantinib versus cabozantinib monotherapy as a first- or second-line treatment in patients with metastatic ccRCC who have previously received anti-PD-1/PD-L1 therapy. The primary endpoint will be PFS with a key secondary endpoint of overall survival. eVOLVE-RCC02, a Phase 1b/3 study sponsored by AstraZeneca, which will evaluate casdatifan plus volrustomig, an investigational anti-PD-1/CTLA-4 bispecific antibody, as first-line treatment for participants with ccRCC. ARC-20, which includes three cohorts evaluating casdatifan in earlier-line settings, including casdatifan plus zimberelimab in first-line ccRCC, casdatifan monotherapy in favorable risk ccRCC, and casdatifan monotherapy in immunotherapy-experienced, TKI-naive settings. Confident Investing Starts Here:
