The global push for digital transformation is gaining momentum, with global institutions increasingly taking part in shaping the landscape. The recent World Bank’s inaugural Global Digital Summit, which convened leaders from government, the private sector and academia, highlights this trend. The three-day conference, held March...
Revolut’s new U.K. CEO wants to make sure London remains a FinTech hub. Speaking to Bloomberg News Wednesday (March 6), Francesca Carlesi warned that the British capital risks losing out to Paris and New York in the race to woo startups. This week, the report...
The Reserve Bank of India (RBI) asked the National Payments Corporation of India (NPCI) to consider One97 Communications’ request to become a Third-Party Application Provider (TPAP) for the Unified Payments Interface (UPI) channel. The move is meant to enable continued operation of the Paytm app...
GoTo has denied that it is in merger talks with Grab Holdings. The company said in a Tuesday (Feb. 13) filing that it “is not having any discussion on such matters,” Reuters reported Tuesday. Bloomberg reported Friday (Feb. 9) that GoTo and Grab Holdings — which are both Southeast Asian ride-hailing and food-delivery...
Substack readers can now pay for their subscriptions in local currencies. It’s part of a wider series of changes by the newsletter publisher announced last week as it seeks to make things easier for international writers and readers, according to a company blog post. “Substack...
Open banking promises to forge new financial ecosystems as data is shared among banks, corporates and consumers. Easier said than done. Banks must be on board. Corporates must be on board. And the technological underpinnings must be in place to connect and transmit information in...
Sony’s India unit is reportedly ready to cancel its $10 billion merger with Zee Entertainment. The deal, in the works since 2021, is at risk due to an impasse over the question of whether Zee CEO Punit Goenka would lead the new company, Bloomberg News reported Monday (Jan. 8), citing sources...
Introduction: Online merchants can branch out into new markets and geographies. But to do so, and to boost sales, they must carry forward the implementation of a broad range of currencies, which means foreign exchange (FX) costs come into play. The impact of hidden FX...
Much like its fictional namesake, trading platform Robinhood is now a part of the United Kingdom. The company marked its international debut Thursday (Nov. 30) as it began offering brokerage services to customers in Great Britain, letting them trade more than 6,000 U.S. listed stocks....