Financial Platform News

News and analysis coverage of financial platforms, ranging from payment processing and credit through to retail banking and investment services.

PayPal

PayPal to buy rewards platform Honey Science for $4 billion

Reuters – Payment processor PayPal said on Wednesday it would buy privately held shopping and rewards platform Honey Science Corp for about $4 billion (£3.10 billion).

Japan e-Money

Nearly 20% of Japan households using e-money but cash still king

TOKYO – Almost a fifth of Japanese households use electronic money for small purchases, a survey by a central bank-affilated research institute showed, up from a year ago and...

Revolut

Revolut plans to raise $500 million next year to fund global expansion

SINGAPORE – British-based digital banking app Revolut is in talks with investors to raise at least $500 million next year to fund a global hiring spree as it expands in marke...

Libra

Facebook’s cryptocurrency Libra and digital wallet Calibra

SAN FRANCISCO/NEW YORK – Facebook Inc revealed lofty plans to establish a cryptocurrency called Libra in June, but the project quickly ran into trouble with sceptical regulat...