FinTech
Wirecard’s tech assets and platform bought by Banco Santander
Wirecard’s insolvency administrator Michael Jaffe on Monday said the payment system provider’s technology platform had been sold to Spain’s Banco Santander.
Brazil launches ‘Pix’ instant payments system, Whatsapp to enter ‘soon’
Brazil’s central bank on Monday launched an instantaneous payments platform which will speed up and simplify trades, as well as cultivate financial sector competition and lur...
WhatsApp gets approval to launch payments feature in India
WhatsApp has obtained approval to roll out its obligations service in India starting with 20 million consumers, the nation’s flagship obligations processor has said, providin...
PayPal tops estimates amid surge in online shopping but outlook disappoints
PayPal Holdings Inc beat Wall Street estimates for quarterly earnings and profit on Monday, boosted by a surge in electronic payments as COVID-19 lockdowns globally drove more busi...
China’s Ant Group says it’s a tech business not a bank
Ant Group, about to make the largest public sale of shares ever, introduces a basic conundrum: what kind of business is it – a financial colossus or a tech giant?
Ant Group IPO sees record $3 trillion in retail demand
Retail investors put bids for a record $3 trillion of stocks in Ant Group’s initial public offering (IPO), place to be the world’s biggest, as mom-and-pop Realtors sta...
Ant’s record allocation in Shanghai IPO fuels small investor scramble
Chinese FinTech Ant Group’s move to earmark a record 80% of the Shanghai leg of its $35 billion dual-listing for strategic investors has resulted in a scramble among younger ...
PayPal to open up network to cryptocurrencies
In a significant move, PayPal has said it will allow clients to hold bitcoin along with other digital coins on its own online wallet and shop utilizing cryptocurrencies in the 26 m...
Paytm targets a million apps on its mini app store to take on Google
Alibaba-backed Indian FinTech firm Paytm is aiming to get a million apps onto its own “mini app store” by the first quarter of 2021, it said on Thursday, seeking to cha...
Singapore tells Wirecard to cease services and return customer funds
Singapore’s central bank on Wednesday led embattled German obligations company Wirecard to cease providing services at the city state and reunite all clients’ funds.
Ant launches blockchain-based cross-border trade platform ahead of $35 billion IPO
Ant Group, owner of China’s leading mobile payment app Alipay, launched a blockchain-powered platform for cross-border commerce settlements on Friday, as it races to start mo...
China’s Ant takes another step towards $35 billion IPO
Ant Group submitted records to the securities regulator for registration of the Shanghai portion of its IPO, the city’s bourse has said, moving a step closer to a planned dua...
Yandex in talks to buy online bank Tinkoff for $5.5 billion
Russian bank TCS Group is in talks to sell its online bank Tinkoff to Russian internet group Yandex for $5.48 billion (approximately £4.30 billion), the two companies have stated.
Paytm executive says India’s secondary listing plan would be undue burden
India’s potential plan to induce businesses to perform a secondary record on an Indian stock exchange should they opt to list on an overseas bourse would unfairly penalise In...