July 08, 2020
Alibaba’s Ant Group Plans Hong Kong IPO At $200B+
Ant Group, the online payment service affiliate of China’s Alibaba Group Holding Ltd, is looking to go public as early as this year, Reuters reported. If the IPO moves ahead,...
May 20, 2020
Pandemic Triggers BNPL Surge With 1M New Afterpay Users
Since launching in the U.S. two years ago, the Australia-based buy now, pay later (BNPL) startup Afterpay has attracted more than nine million people, with over five million currently active...
March 12, 2020
Today In Payments: Paris Convicts 6 In $50M Impersonation Plot;...
In today’s top payments news, in Paris, six men were convicted of an impersonation plot that garnered $50 million, and Wirecard has partnered with Klarna to integrate digital payment methods...
February 28, 2020
Afterpay Now Has More Customers In US Than Down Under
In its half-yearly financial results, Australian FinTech firm Afterpay Limited reported more customers in the United States than in Australia. The company said it had 3.6 million active customers in the U.S....
January 15, 2020
Buy Now Pay Later’s Impact On Mobile Checkout Conversion
Buy Now, Pay Later products had a fantastic 2019 holiday season. Retailers using these payment solutions saw generous sales during shopping holidays like Cyber Monday and Black Friday, and...
December 19, 2019
Ant Financial Names New CEO
As a continuing restructuring takes hold after Daniel Zhang’s appointment as Alibaba’s chairman, Alibaba Group Holding and Ant Financial, its FinTech affiliate, have announced an executive shuffle. Ant Financial, in...
December 19, 2019
Ant Financial Invests In Vietnam’s eMonkey
In a move that was not announced due to concerns that anti-China sentiment in Vietnam could lead to potential pushback, China’s Ant Financial has quietly taken a significant share in...
December 12, 2019
SoftBank-Backed OneConnect Takes A 50 Pct Valuation Hit
China’s cloud-based FinTech platform OneConnect reduced its U.S. initial public offering (IPO) on Thursday (Dec. 12) by nearly 50 percent, the Financial Times (FT) reported. The move is a blow...
November 22, 2019
Betting On A Big Mall Fizzle
The holidays are approaching. The money that comes into retailers’ coffers at brick-and-mortar locations will filter up to pay the landlord; the landlord will stay afloat. Perhaps not. There is...