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PayPal Becomes First Foreign Company To Fully Own A Payments Platform In China
Thursday, January 14, 2021 - 2:14am | 376Read More...PayPal Holdings Inc (NASDAQ: PYPL) became the first foreign company to be in complete control of its payment platform in China, Reuters reported Thursday (Shanghai time). What Happened: The Elon Musk and Peter Thiel-founded fintech firm acquired the remaining 30% stake in China’s GoPay...
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Checkout.com Gets $15B Valuation In Funding Round Led By Tiger Global
Tuesday, January 12, 2021 - 3:38am | 327Read More...Checkout.com received a $15 billion valuation in its latest funding round led by Tiger Global Management LLC, according to the CEO of the London-based online payment solutions provider, Guillaume Pousaz. What Happened: Checkout.com raised $450 million in proceeds in the Series C...
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Square Talks Acquisition With Jay-Z's Tidal: Report
Thursday, December 24, 2020 - 11:59am | 361Read More...Jack Dorsey's fintech payments company Square Inc (NYSE: SQ) is in talks to acquire Jay-Z's streaming music platform Tidal, a source told Bloomberg. What Happened: Jay-Z bought Tidal in early 2015 for $56 million and met with Dorsey to discuss a sale of his streaming music company,...
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British Unicorn TransferWise Rumored To Be Seeking IPO
Saturday, December 19, 2020 - 3:35pm | 192Read More...Sky News in the U.K. reports that it has "exclusive" information on an IPO for currency exchange fintech TransferWise. What Happened: Sky News says the international payments company has asked bankers to give pitches next year for participating in an IPO. It should be noted though that...
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Klarna Could Follow Affirm Holdings In Delaying Anticipated 'Buy Now, Pay Later' Fintech IPO
Saturday, December 19, 2020 - 7:25am | 1047Read More...Swedish fintech company Klarna could be the second "buy now, pay later" company to postpone an anticipated IPO following a delay last week by Affirm Holdings Inc. What Happened: CEO Sebastian Siemiatkowski publicly said in August that the company could go public in one or two years. But...
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Apple Pay Draws Regulatory Attention Over Antitrust Concerns: FT
Friday, December 18, 2020 - 3:51am | 618Read More...Apple Inc (NASDAQ: AAPL) is already deluged with probes for anti-competitive behavior related to the App Store. Now, the Financial Times reports, its digital wallet Apple Pay could be the next battleground for antitrust probes. What Happened: Apple Pay’s...
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IBM Acquires Fintech Startup Expertus To Strengthen Banking Solutions
Wednesday, December 16, 2020 - 1:57am | 333Read More...IBM Corporation (NYSE: IBM) on Tuesday announced it has acquired Expertus Technologies Inc, a Canadian fintech startup offering payments and cash management solutions. What Happened: The Canadian cloud-based banking solutions provider handles an average of $50 billion in daily transactions routed...
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Visa, Mastercard Block Payments On Pornhub After Child Abuse Content Allegations
Friday, December 11, 2020 - 1:10am | 582Read More...Visa Inc (NYSE: V) and Mastercard Inc (NYSE: MA) said Thursday they are cutting ties with Pornhub over accusations related to the platform hosting videos of sexual violence and illegal underage content, the Associated Press reports. What Happened: The move comes after...
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Silicon Valley Payments Company Ripple's Cryptocurrency XRP Up 133% In A Week
Tuesday, November 24, 2020 - 12:41am | 256Read More...San Francisco-based Ripple Labs Inc.’s native ecosystem cryptocurrency XRP has added 132.88% over a trailing seven-day period at press time. What Happened: XRP supports Ripple’s blockchain-based payment network for financial institutions. Its surge comes amid overall cryptocurrency...
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Analyst Sees Square Hitting $300 On The Back Of Bitcoin-Heavy Cash App
Monday, November 23, 2020 - 7:00am | 408Read More...Mizuho analyst Dan Dolev has upped his price target for Square Inc (NYSE: SQ) stock from $225 to $300 as the company’s Cash App digs into geographies where PayPal Holdings Inc (NASDAQ: PYPL) enjoys popularity. What Happened: Dolev analyzed Google search trends to theorize that Cash App...
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Western Union Grabs 15% Stake In Saudi Digital Payments Business
Saturday, November 21, 2020 - 5:23pm | 237Read More...The Western Union Company (NYSE: WU) has acquired a 15% stake in a Saudi Arabian digital payment business, Reuters reported. What Happened: The $200 million stake is in a digital payment unit of Saudi Arabia’s STC Group, a telecom. Why It Matters: Western Union is one of many companies vying...
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PayPal Co-founder Max Levchin's Fintech Startup Affirm Files To Go Public
Thursday, November 19, 2020 - 2:03am | 458Read More...PayPal Holdings Inc (NASDAQ: PYPL) co-founder Max Levchin-backed fintech company Affirm Holdings, Inc filed a preliminary prospectus for an initial public offering with the U.S. Securities and Exchange Commission on Wednesday Affirm’s IPO: The company intends to list its...
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Facebook Finally Rolls Out WhatsApp Pay In India
Friday, November 6, 2020 - 1:19am | 358Read More...Facebook Inc’s (NASDAQ: FB) messaging platform WhatsApp is finally rolling out its payments service in India, it announced Friday (New Delhi time). What Happened: "Starting today, people across India will be able to send money through WhatsApp," the company said in a statement....
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Why China Slashed Jack Ma's Ant IPO Hopes, Experts Explain
Thursday, November 5, 2020 - 5:07am | 626Read More...Alibaba Group Holding Ltd (NYSE: BABA)-owned Ant Group’s initial public offering may have been scuttled by Beijing due to its "disinclination to allow entrepreneurs out of their lane," Duncan Clark, author of "Alibaba: The House that Jack Ma Built" told the...
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PayPal CEO On Cryptocurrency Expansion: 'Just The Beginning Of Opportunities'
Tuesday, November 3, 2020 - 12:32am | 446Read More...PayPal Holdings, Inc (NASDAQ: PYPL) CEO Daniel Schulman said at the company’s third-quarter earnings call Monday that its cryptocurrency foray is "just the beginning of the opportunities." What Happened: Schulman said PayPal is creating “one of the most...
