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Multibillion-dollar card-issuing fintech Marqeta has picked Melbourne as its Asia-Pacific headquarters, hiring a country manager and a handful of local staff ahead of a slated $US10 billion float later this year.
The Goldman Sachs and Visa-backed fintech unicorn, which is based in Oakland, enables companies to issue credit and debit cards to staff, working on their behalf with card networks and issuing banks to issue cards, authorise transactions, and communicate with settlement entities.
Marqeta CEO Jason Gardner says APAC is an exploding market for âmodern cloud issuingâ.Â
Speaking to
The Australian Financial Review, Marqeta CEO Jason Gardner said after 18 months of offering its services in Australia, the time was right to turn Melbourne into the companyâs APAC hub.
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Tuna fisheries in the eastern tropical Pacific are set to be left completely unregulated as of January 1, 2021, following a striking failure to renew key management measures by delegates to the annual meeting of the Inter-American Tropical Tuna Commission (IATTC).
Delegates failed to secure the unanimous approval needed to renew catch limits for longline vessels, seasonal and spatial closures for purse seine fishing, and restrictions around the use of fish aggregating devices (FADs) for tropical tuna fisheries.
“All the things that are important to fisheries management are gone starting January 1,” says Grantly Galland, a member of the international fisheries project at the Pew Charitable Trusts who attended the virtual meeting. “It’s hard to overstate how concerning this is.”