Alibaba Group affiliate Ant Financial has taken a 25 per cent stake in One97 Communications, the company behind India’s biggest mobile payment platform Paytm.
Ethiopian banks and microfinance firms are embarking on a country-wide initiative to draw millions of people into the financial system using mobile money services.
A bizarre new craze in the world’s most connected country is seeing some South Koreans earn hundreds of dollars a night by allowing people to watch them eat, donating money if they like what they see.
Wirecard is eyeing a summer launch for its Smart Band, a wristband that functions like a digital wallet, which will initially be released in Europe.
The money transfer market is gearing up for Chinese New Year. Western Union is the latest firm to announce changes to its remittance services, thanks to a new agreement with Bank of China.
The UK’s Information Commission Office (ICO) has approved an application by First Data to share personal customer data across international borders.