FinTech
Payments companies Wise, Remitly suspend money transfer businesses in Russia
Cross-border payments company Wise and remittance processor Remitly have suspended their money transfer services in Russia, following new sanctions over the weekend against the cou...
Apple to turn iPhones into payment terminals in FinTech push
Apple Inc is introducing a new feature that will allow businesses to accept credit card and digital payments with just a tap on their iPhones, bypassing hardware systems such as Bl...
PayPal gives downbeat earnings forecast, shares plunge
PayPal Holdings Inc has forecast first-quarter revenue and profit well below expectations, as it prepares to take a hit from eBay Inc’s ongoing move to ditch its payments ser...
Software group SAP to buy majority stake in US FinTech firm Taulia
SAP has said it has agreed to buy a majority stake in privately held US FinTech firm Taulia as the German business software group seeks to expand its presence across supply-chain f...
Afterpay’s meteoric rise as a lending pioneer
Block Inc, formerly Square Inc, is set to complete its acquisition of buy now, pay later (BNPL) company Afterpay Ltd by Feb. 1, one of the biggest takeovers in Australian history.
China’s digital yuan wallets swell but usage lags
China’s digital currency has debuted on app stores with fanfare, with online wallets for the electronic yuan seeing mass adoption in the two weeks since a public launch, yet ...
Robinhood to permanently shift most employees to remote working
Robinhood has said it plans to move a majority of its 3,400 employees to remote work permanently, joining a slew of top tech firms embracing a hybrid culture.
US consumer bureau orders fintech firm LendUp to halt new loans, pay penalty
The US Consumer Financial Protection Bureau (CFPB) ordered LendUp Loans to pay a $100,000 penalty, stop issuing new loans and halt collecting on certain outstanding ones after repe...
Coinbase says connectivity issues fixed, investigating delays
Coinbase Global Inc said on a Twitter post on Wednesday it has resolved the connectivity problems that denied customers access to the cryptocurrency platform.
Binance affiliate says will withdraw Singapore licence application
The Singapore affiliate of Binance, one of the world’s largest cryptocurrency exchanges, said in a statement it will withdraw its local license application and wind down its ...
Australia proposes new laws to regulate crypto and BNPL sector
Australia will create a licencing framework for cryptocurrency exchanges and consider launching a retail central bank digital currency as part of the biggest overhaul of its A$650 ...
Metaverse won’t be turning point in cryptocurrency adoption, investor Chesnais says
The growth of online virtual worlds will help advance the mainstream adoption of cryptocurrencies for payment transactions but it won’t be a game-changer, according to Frédér...
WhatsApp wins approval to double payments offering to 40 million users in India
WhatsApp has won regulatory approval to double the number of users on its payments service in India to 40 million, a source with direct knowledge has told journalists.
Regulator: Anti-money laundering credentials key for Binance’s Paris plans
France’s financial sector regulator has said that crypto exchange Binance must focus on its anti-money laundering compliance if it wants regulatory backing to set up a possib...
Klarna launches ‘Pay Now’ service in US
Klarna has said it has launched its “Pay Now” service in the US to allow customers to pay immediately and in full at any online retailer where the Swedish financial tec...