Increased regulatory scrutiny has prompted the CEO of China’s Ant Group to step down and also spurred the company to develop financial self-discipline rules, Reuters reported on Friday (March 12). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
In today’s top payments news around the world, Coupang filed an initial public offering (IPO) in the United States, while Axis Bank in India is launching wearable technology for contactless payments. Plus, Flutterwave has raised $170 million in a Series C funding round. Get the...
Switzerland’s Credit Suisse had to freeze four Luxembourg-based funds that invested $10 billion in supply chain finance, adding to the fallout from the collapse of London startup Greensill Capital, Reuters reported on Thursday (March 11). Get the Full Story Complete the form to unlock this article...
Chinese regulators are mulling a record antitrust fine against Alibaba that would surpass the $975 million levied against Qualcomm in 2015, The Wall Street Journal reported on Thursday (March 11), citing sources. Get the Full Story Complete the form to unlock this article and enjoy...
South Korea-based Shinhan Bank has built a pilot program for a potential central bank digital currency (CBDC), CoinDesk reported. The bank, which is headquartered in Seoul, got assistance from LG CNS on the project. Get the Full Story Complete the form to unlock this article...
In today’s top payments news around the world, the European Commission (EC) has provided the approval for Nexi’s purchase of Nets, while Hello Inc. has reportedly confidentially filed for an initial public offering (IPO) in the United States. Plus, Nigeria wants its residents to get...
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Gojek and Tokopedia — which have been moving toward a merger — have reportedly inked a conditional sales agreement for a merger. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
The Hague, Netherlands-based global payments infrastructure company TerraPay has expanded into bank account payments in the U.S. and Canada to help boost cross-border pay and quick transfers, the company announced in a Monday (March 8) press release. Get the Full Story Complete the form to unlock...
