Top Chinese internet company Tencent has launched the country’s first private online bank, called WeBank after the company’s popular messaging app WeChat.
Philippine Long Distance Telephone Company, a Filipino telecoms operator, has formed a joint venture with Rocket Internet to drive the adoption of online and mobile payment solutions in emerging markets.
Nordic IT company EVRY has landed a NOK 1.2 billion ($157m) contract to supply four Norwegian banks with payment services.
The Chief Executive of electronic money system Ukash David Hunter has joined the advisory board of the Emerging Payments Association.
Personal finance app Moven is now available on Motorola 360 and Samsung Gear smartwatches as the company anticipates a boost in wearable tech in 2015.
Bitcoin exchange Bitstamp was forced to freeze user accounts yesterday after hackers stole 19,000 bitcoins over the weekend, amounting to more than $5 million in the virtual currency.