Naspers-owned FinTech PayU is pushing into Southeast Asia with a deal to acquire a majority stake in Singapore-based Red Dot Payment. Naspers specializes in developing markets in India, Latin America, Africa and Eastern Europe already — but is now officially adding Southeast Asia and its...
Payments company Nets announced that it is partnering with Swish, the number one payments app in Sweden, on an in-store payments pilot program. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Digital challenger banking startup Airfox has announced a partnership with Mastercard Brazil to expand the availability of low-cost banking solutions, according to a release by the company. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
The Department of Justice (DoJ) is inching closer to approving a merger between the No. 3 and No. 4 telecom companies, T-Mobile and Sprint, according to a report by Bloomberg. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
The potential merger between telecommunications giants T-Mobile and Sprint is getting closer to approval after T-Mobile and Dish reached a divestiture deal about the selling off of assets, according to a report by CNBC. Get the Full Story Complete the form to unlock this article...
The European Union is going to approve the Fidelity National Information Services Inc (FIS) $35 billion dollar bid for payments outfit Worldpay with unconditional antitrust approval, according to a report by Reuters. Get the Full Story Complete the form to unlock this article and enjoy...
The megamergers of 2019 have been reshaping the payments industry. For merchant services, especially, the chessboard looks much different. Daniela Mielke, CEO of RS2 North America, weighs in on why, for incumbent players tied to legacy systems and processes, scale is not enough — not when tech...
To acquire the Bank of Ireland’s U.K. credit card business, mobile-first company Jaja will pay an initial cash consideration of $671 million at current rates. The FinTech firm will also serve as the consumer credit card issuer for the AA and the bank’s U.K. consumers,...
As of Monday morning (June 28), Visa has announced it has signed a definitive acquisition agreement with Verifi. The payment tech firm offers a suite of data-enriched solutions to help merchants avoid chargebacks on card payments. Visa’s intention for the acquisition, according to a release,...