24 Aug 20 @ 09:00

The break-up of Wirecard has begun as it agreed to sell what is left of the UK business to Railsbank, a UK FinTech backed by Visa. The UK deal, which... read more

20 Aug 20 @ 13:25

The Competition Commission of India (CCI, the countries most powerful antitrust watchdog rejected the case against WhatsApp Pay, saying the company has not abused its dominant messaging app to expand... read more

20 Aug 20 @ 13:03

The contactless payment market size exceeded $40 billion in 2019 and is estimated to grow at 15% CAGR from 2020 to 2026. The global industry shipments are projected to reach... read more

20 Aug 20 @ 09:29

MoneyGram has announced a new partnership with Airtel enabling Airtel Money’s 19 million customers to quickly and conveniently receive MoneyGram transfers directly into their mobile wallet from family and friends... read more

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

18 Aug 20 @ 13:02

Finablr, the embattled foreign-exchange business, which uncovered about £1 billion of debt hidden from its board that may have been used for purposes outside of the company and compounding a... read more

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

17 Aug 20 @ 10:37

Facebook has revealed that it has set up a new business unit to address payments and commerce opportunities. David Marcus, a former PayPal President and co-creator of the Libra cryptocurrency... read more

14 Aug 20 @ 11:18

Cards only carrying domestic payment card schemes branding accounted for 12% of all payment cards worldwide in 2018. This sector has strong growth potential, with products tailored to local market requirements.... read more

14 Aug 20 @ 10:27

Data released by the payments industry self-regulatory body Australian Payments Network (AusPayNet) revealed a 19.5% decline in card fraud in 2019, the biggest decline since fraud data was first published.... read more

13 Aug 20 @ 13:14

Ripple has created one of the most valuable cryptocurrencies. Its digital tokens, known as XRP, have a total value of almost $30 billion, behind only bitcoin and Ether. But, eight... read more

13 Aug 20 @ 10:19

Revolut losses tripled in 2019 as the FinTech blamed rising staff costs more than offset revenue growth, however it argues that it is on track to break even this year... read more

11 Aug 20 @ 15:44

Digital-only banks, or neobanks, have been a major focus for investors, and are gathering new customers by the boatload. But are they really banking’s future – or just a sophisticated... read more

11 Aug 20 @ 09:27

COVID has accelerated changes in payments such that we’re already in a different landscape – and companies urgently need to make sure they’re ready. Amidst the tragedies and challenges we’ve... read more

10 Aug 20 @ 14:31

Research from Deloitte has warned credit card issuers they need to do more to encourage credit card use if credit products are to have a long term future, especially with... read more

10 Aug 20 @ 14:08

PayPal has announced that a surge in e-commerce transactions and new accounts has driven quarterly profits 86% higher. The company announced it will continue to support additional investments in mobile-payment... read more

10 Aug 20 @ 10:14

Duff & Phelps has launched its seventh annual Global Enforcement Review. The report found that H1 2020 has seen an uptick in AML fine values globally totalling $706 million compared... read more

07 Aug 20 @ 09:05

Visa and Mastercard recently reported quarterly results. Visa reported its fiscal third-quarter earnings and revenue expectations had been hit, but the COVID-19 crisis continues to drive mixed spending trends, with... read more