Japanese capital group SoftBank has invested $20 million in Clip, a Mexican FinTech startup that offers a mobile credit card reader for smartphones. Businesses all across Mexico have adapted the technology as a simple and low-cost way to accept payment, according to Reuters. Get the...
Welcome to The Axis, your late look at payments news from around the world. Coverage includes the debut of Hong Kong’s MeReal Biometrics Keyper smart fingerprint card. Ireland’s FinTech Umba has notched funding from two venture capital firms, Malaysia’s Maybank has implemented a SWIFT global...
Apple’s CEO Tim Cook has continued to make the argument that the Cupertino, California iPhone maker is a consumer company, not a tech one, pointing to Warren Buffett’s investment as evidence. In an interview with CNBC, Cook said famed investor Buffett understands that Apple is...
NCR, an Atlanta-based payments technology company, has acquired Texas P.O.S., a Houston-based provider of point-of-sale (POS) solutions for restaurants and merchants, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
A former Goldman Sachs banker in Malaysia has been extradited to the U.S. to face charges stemming from the scandal at the 1MDB state fund. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Bigbasket, the Indian online grocery store operator, raised $150 million in a fresh round of venture funding, valuing the company at more than $1 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Bank of America Merchant Services announced Monday (May 6) a partnership with Recurly, which runs an enterprise subscription management platform. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Apple has landed in European Union regulators’ radar over a complaint by rival music streaming service Spotify, which has prompted a formal inquiry by the EU, according to the Financial Times. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Here it comes, the big initial public offering (IPO) from Uber, a highly anticipated event set for Thursday (May 9). But there’s a lot to get through before it happens, including a possible strike, along with a reasonable level of concern about how investors will...
