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Goldman Sachs closes in on $2.5 billion GM credit card portfolio acquisition

08 Oct 20 @ 12:41

Goldman Sachs is rumoured to be closing in on the acquisition of General Motors’ credit card business Goldman will pay about $2.5 billion for the portfolio, which has roughly that... read more

P27 Nordic Payments Platform makes strategic acquisition of Bankgirot

06 Oct 20 @ 15:11

P27 Nordic Payments Platform, after having registered interest in 2019, has signed an agreement to acquire Bankgirocentralen BGC AB (Bankgirot), Sweden’s only clearing house for mass payments. Bankgirot, established in... read more

Italian heavyweights Nexi and SIA agree €15 billion merger

05 Oct 20 @ 13:55

Nexi, an Italian PayTech leader and SIA have signed a memorandum of understanding (MoU) regarding the integration of the two groups through the merger by incorporation of SIA into Nexi.... read more

Castles Technology announces the acquisition of Spire Payments

02 Oct 20 @ 14:59

Castles Technology has completed the acquisition of the business and assets of Spire Payments, the leading European based EFTPOS terminal solutions provider. With the acquisition of the business and assets... read more

Yandex acquires Tinkoff for $5.5 billion

24 Sep 20 @ 15:21

Yandex has agreed to spend $5.5 billion to buy Tinkoff, the country’s top digital bank, in an all Russian deal. Yandex is preparing a cash-and-share offer for all of Tinkoff’s... read more

MYHSM expands strategic partnerships with Compass Plus

15 Sep 20 @ 09:26

MYHSM, a provider of cloud-based Payment Hardware Security Modules (HSM) as a Service has announces its partnership with Compass Plus, an international provider of retail banking and electronic payments software... read more

American Express completes Kabbage acquisition

18 Aug 20 @ 13:38

American Express says it has entered into an agreement to acquire substantially all of Kabbage, a financial technology company providing cash flow management solutions to small businesses in the US.... read more

EC approves Mastercard acquisition of Nets subject to conditions

18 Aug 20 @ 10:59

The European Commission announced it will approve, under the EU Merger Regulation, the proposed acquisition of Nets’ account-to-account payment business by Mastercard. The decision is conditional on the transfer of... read more

SEB to implement virtual accounts solution

13 Jul 20 @ 09:14

SEB will launch a new virtual account management solution in partnership with Nordic software company TietoEVRY. With the new service, the bank can offer its corporate customers virtual cash management... read more

Multinational industry alliance launch PayID – universal ID for payments

24 Jun 20 @ 12:10

A group of leading technology, finance and nonprofit companies have joined forces to announce the launch of PayID, a universal payment ID to simplify the process of sending and receiving... read more

Planet to acquire 3C Payment

18 Jun 20 @ 09:00

Planet has agreed to acquire 3C Payment. 3C Payment’s gateway, integration and terminal capabilities, when combined with Planet’s value added payment services, will create a unique platform in the payments... read more

Western Union seeks deal to acquire MoneyGram

02 Jun 20 @ 15:51

Western Union is reported to have made an offer to acquire MoneyGram in a transaction that would bring together the two largest money-transfer service providers in the US. Western Union... read more

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ECB brings Central Bank money to tokenised market

23 Sep 26 @ 14:34

The European Central Bank has taken a significant step towards integrating distributed ledger technology with Europe’s core financial infrastructure, launchin... more

European E-commerce Hits €911bn as Payments Reshape Online Retail

21 Sep 26 @ 19:41

European e-commerce has broken through the €900bn barrier, underlining the growing importance of digital retail to the continent's economy while intensifying ... more

Inside A7: How Russia built a parallel cross-border payments network

24 Sep 26 @ 16:29

Russia’s attempts to circumvent Western financial sanctions have developed into a sophisticated parallel payments architecture combining traditional banking, ... more