On Friday (Jan. 7), the People’s Bank of China released its Financial Science and Technology Plan for 2022-2025, which aims to support the growth of the FinTech industry. In it, they suggest that although open banking is popular with consumers, regulators may need to step...
Standard Chartered Plc will close about half of its Nigeria branches as the company emphasizes digital banking, people familiar with the matter told Bloomberg for its report Monday (Jan. 10), starting with some office closures in December and leaving the London lender with 13 branches when...
German food delivery giant Delivery Hero has sold a $150 million share of its ownership in Latin American delivery company Rappi, representing most of the investment it had made in the company, Reuters reported Monday (Jan. 10). Get the Full Story Complete the form to...
Barely two weeks into 2022 and the French startup market is buzzing with venture-backed excitement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...
Bodegas in New York City staged a rally with the Save Mom-and-Pop Business Coalition to get the attention of local elected officials regarding ultra-fast delivery operations and the toll they’re taking on long-established neighborhood businesses, according to media reports. Get the Full Story Complete the...
India’s central bank is setting up a FinTech department to drive innovation, oversee the exchange of cryptocurrencies and develop regulations for the release of its upcoming central bank digital currency (CBDC), according to multiple media reports on Monday (Jan. 10). Get the Full Story Complete...
The Securities and Exchange Commission (SEC) is working on a plan that would force large private companies to become more transparent. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Binance, a popular cryptocurrency exchange, is under investigation by Pakistan regulators over a multi-million-dollar Ponzi scheme, Dawn reported Friday (Jan. 7). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Digital payments startup Pine Labs filed confidentially with the Securities and Exchange Commission (SEC) for an initial public offering (IPO) to raise roughly $500 million at an estimated valuation between $5.5 billion to $7 billion, Bloomberg reported on Monday (Jan. 10). Get the Full Story...
