Jack Ma’s Ant Group was given the go-ahead to start operations at its consumer finance company — Chongqing Ant Consumer Finance Co. — after being forced to restructure its business after its record-breaking dual public listing was halted last year by Chinese regulators. Get the...
J.P. Morgan Chase is seeking regulatory approval to obtain full ownership of its securities joint venture in mainland China. 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...
With Latin America a hot market for the expansion of digital payments, Mexico’s Prosa is looking for a buyer that will pony up more than $1 billion, Reuters reported. Sources said that the sales process is attracting interest from a number of large payments and...
In today’s top payments news around the world, digital insurance firm wefox raised $650 million in financing, while freight forwarder sennder landed an additional $80 million. Plus, open banking platform Belvo notched $43 million. Get the Full Story Complete the form to unlock this article...
With Latin American eCommerce growing by 8.4 percent between 2019 and 2020 to over $200 billion, it’s safe to assume the need for safe, fast digital payments is — and will be — experiencing comparable growth. Get the Full Story Complete the form to unlock...
Nigerian ride-hailing startup Gokada Rides is diversifying its services and bolstering its eCommerce and food delivery units after expanding into last-mile delivery and logistics in 2020, Bloomberg reported on Tuesday (June 1). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Money transfer service Wise (formerly Transferwise) is now facilitating rupee (INR) transfers from India to more than 40 countries, including Australia, Canada, Singapore, the U.S., the U.K. and UAE. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Chipper Cash, an African fintech startup, has raised $100 million in a Series C round, according to Tech Crunch on Monday (May 31). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
India’s Tata Sons has acquired a majority stake in online grocery retailer BigBasket. As Reuters reported Friday (May 28), this move puts the firm the same arena as Amazon, Walmart’s Flipkart and Reliance Industries. Get the Full Story Complete the form to unlock this article...
