Dear Subscriber,

In this afternoon’s newsletter, Mastercard’s Q3 net income surpasses all expectations with an increase of 21% from last year’s period.

Meanwhile, Asda suffers a horrifying Halloween weekend in payments with broken card machines and long checkout queues.

Enjoy!

Mastercard has posted its results for the third quarter, reporting a net income of $1.2 billion, an increase of 21% versus the year-ago period.

Asda looked to have a particularly bad Halloween weekend as a glitch caused card machines in its stores up and down the country to break down.

Amicus Financial, an online lender that has lent nearly £1 billion in seven years, has applied for a banking licence, hoping to secure it in 2017.

Starting from November, the Chinese mobile payments giant Alipay will be available to Chinese consumers in California and New York.