Today In Payments Around The World: Telekomunikasi Selular Mulls $150M Investment In Gojek; Stripe Grows Partnership With Mindbody
In today’s top payments news around the world, Indonesian wireless carrier Telekomunikasi Selular is considering a $150 million investment in Gojek convertible bonds, while Stripe has expanded its partnership with Mindbody. Plus, the Eurozone economy is rebounding against a backdrop of surging coronavirus cases.
Indonesian wireless carrier Telekomunikasi Selular is mulling investing $150 million in convertible bonds issued by Gojek, the ridesharing upstart. The particulars of any investment, if it takes place, are reportedly yet to be determined. Telkomsel, for its part, is arguably the biggest wireless carrier throughout the Southeast Asian region.
Stripe has grown its relationship with Mindbody to power advanced virtual and brick-and-mortar experiences for wellness clients in North America and Europe. Mindbody is implementing Stripe in Canada and Europe to bolster electronic revenue conversion for clients encountering rising demand for offerings like Pilates broadcast live. Also, Mindbody has implemented Stripe Terminal for payments in physical studios in the U.S. and Canada.
The Eurozone has reported a rallying economy against a backdrop of spiking COVID-19 infections, with a 12.7 percent increase in Q3 gross domestic product (GDP) per a Eurostat report on Friday (Oct. 30). The bit of good news came after disappointing results in Q2, which saw a fall of 11.8 percent.
The coronavirus is impacting the amount of money migrant workers can send home, with remittances forecasted to fall 7 percent in 2020 to $508 billion according to the World Bank, which noted that they are projected to fall an additional 7.5 percent by next year.