digital payments News

Philippine Payments Operator Mynt, Backed by Ant Financial, Plans to Offer Insurance

Mynt, the Philippine payments operator backed by billionaire Jack Ma’s Ant Financial, plans to roll out insurance products en route to becoming a sprawling financial services platform in its Chinese ally’s image. The operator of the GCash app is now …

Another Money Laundering Risk Seen Coming from Firms Providing Payment Services

As one avenue for money launderers is shut, another one may be opening. In Denmark, home to Danske Bank A/S, the authorities are now taking a closer look at companies that provide payment services. The worry is that the chain …

U.S. Fintech Firm to Buy Worldpay for $35B in Biggest Ever Digital Payments Deal

Fidelity National Information Services Inc. (FIS) agreed to buy Worldpay for about $35 billion on Monday, with the U.S. financial services provider striking the biggest deal to date in the fast-growing electronic payments industry. The financial technology sector is consolidating …

Stolen Apple IDs Used by Hackers to Steal Cash, Warn Chinese Digital Payments Firms

Ant Financial’s Alipay and Tencent Holdings Ltd. warned that cyber attackers employed stolen Apple IDs to break into customers’ accounts and made off with an unknown amount of cash, in a rare security breach for China’s top digital payments providers. …

Google Partners with Indian Banks to Attract Users to Its Digital Payments Services

Alphabet Inc’s Google said on Tuesday it is partnering with a handful of Indian banks to bring quick loans to the masses, as it aims to woo tens of millions of new internet users in the country to its digital …

Berkshire Invests $356M in One97, Parent of India’s Biggest Digital Payments Firm

Berkshire Hathaway Inc has acquired a 25 billion rupees ($356 million) stake in the parent of digital payments company Paytm, a source said, its first investment in an Indian startup as it moves into the financial payments sector. The conglomerate …