A group of Chinese companies and state-owned businesses are partnering to create a new $1.5 billion fintech fund that will focus on mergers and acquisitions, and nurturing fintech enterprises in China.
Articles by this author
Moneybox, the smartphone app aimed at getting millennials investing, has launched its service for Android phones, which can be downloaded on Google's Play Store.
It's beginning to look a lot like contactless, everywhere you go. So much so that contactless payments have increased by 166% year-on-year, according to new research from Barclaycard.
Black Friday shopping has been a resounding success in the UK and across the pond in the US, especially online shopping. However, some European countries are still wary about the e-commerce option.
Lloyds banking Group has agreed to pay £1.9 billion for Bank of America's credit card firm, MBNA, in the first acquisition by a UK bank since the 2008 financial crisis.
Barclaycard has launched, what it describes as, the 'world's first contactless beer pump'. According to the card issuer, the pump is designed to target the 12-minute average waiting time at the bar by speeding up the order, the pouring and the payment process.
PayPal has partnered with Citigroup to make paying using mobile phones easier. As part of the deal, Citi will become the first bank to have its cards tokenised for in-store purchases using PayPal.
It looks like many bank branches are doing more than just shutting down for Christmas as new research from Which? finds that high street banks have closed over 1,000 branches in the last two years.
Christmas is a time for family, friends, love and Christmas TV, and new research shows that one more thing that people do during Christmas is...Christmas shopping.
France's interbank network, Le Groupement d'intérêt Economique des Cartes Bancaires (CB), has chosen digital security company, Gemalto, to supply Pure - it's payment solution for mobiles.