iPhone | iPad
Android
Huawei
Cooperation to be strengthened in three major areas
KT APPDOWNLOAD
Visa terminates global debit card agreements with FTX
The two companies had announced an expanded partnership in early October, including plans to introduce account-linked debit cards in 40 new countries
Photo: Reuters
On Sunday, Visa Inc — the world's largest payments processor —said it was severing its global credit card agreements with collapsed crypto exchange FTX.
"The situation with FTX is unfortunate and we are monitoring developments closely," a Visa spokesperson told Reuters.
"We have terminated our global agreements with FTX and their US debit card program is being wound down by their issuer."
FTX and Visa had announced an expanded partnership in early October, including plans to introduce account-linked Visa debit cards in 40 new countries.
ALSO READ:
More news from Business
Ministries are taking steps to clamp down on ponzi apps
UAE-India relations have evolved into an exceptional model of bilateral cooperation, minister says
Company launches new concepts in smart living, home entertainment in Dubai
Taxpayers can submit a request and avail of services through the authority's official website
UAE's leading event venue is home to some of the world’s largest exhibitions, such as Gitex Global, Gulfood, Arabian Travel Market, Arab Health and others
The initial reaction was positive as Wall Street futures rose
Analysts see any boost in oil prices from debt deal as short-lived