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Ant Financial, Ayala Corp. to Invest in Globe Telecom’s Mynt

Alipay’s technology to upgrade payment experience for local users of Mynt’s GCash The Philippine mobile operator Globe Telecom announced that Ant Financial Services Group, one of the world’s leading digital financial services providers, has entered into a strategic partnership with Globe Fintech Innovations, Inc. (Mynt), a wholly-owned subsidiary of Globe Capital Venture Holdings (GCVHI) under Globe Telecom, and Ayala Corporation, one ... Read More »

Alipay Expands POS Presence with Poynt in North America

Alipay, the digital payment company affiliate of Alibaba has entered into a partnership with Poynt, the maker of smart terminals. According to a news release from Poynt, under terms of the deal, Alipay’s more than 520 million registered users in China will be able to pay with Alipay across all Poynt devices in North America. “Given all the capabilities built ... Read More »

Callcredit Helps ShieldPay’s Customers Transact with Confidence

Callcredit Information Group is helping payments service firm ShieldPay provide secure online payments to its customers. ShieldPay´s unique and patent pending technology protects both buyer and seller in any payment by verifying both individuals. Using Callcredit’s ID and bank verification solutions ShieldPay can verify both party’s identity and bank account reducing the chances of peer-to-peer payment fraud. Callcredit’s solutions also ... Read More »

BITCOIN: Singapore’s Central Bank Plans to Regulate Bitcoin Payments

The minister for the Monetary Authority of Singapore (MAS), the nation’s central banking authority, has said the institution is working to create a regulatory framework for bitcoin payments. In response to a question on the matter from an MP, Tharman Shanmugaratnam – who is also deputy prime minister of Singapore – confirmed that while the MAS “has been monitoring” cryptocurrencies such as bitcoin ... Read More »

MAS and ABS Lead Consortium to Harness Blockchain Technology for more Efficient Inter-bank Payments

Singapore Central Bank Reveals 3 New Blockchain Payments Prototypes The Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) announced today that the consortium which they are leading has successfully developed software prototypes of three different models for decentralised inter-bank payment and settlements with liquidity savings mechanisms. The project, conducted together with 11 financial institutions and ... Read More »

Ant Financial Resubmits To CFIUS for MoneyGram Buy Approval

Ant Financial, the Chinese payment unit of Alibaba, is gearing up to resubmit to the U.S. its application to purchase MoneyGram International. Sources familiar with the matter told Reuters on Friday (Sept. 15) that the two companies resubmitted for deal clearance from the Committee on Foreign Investment in the United States (CFIUS). The move was prompted by its inability to ... Read More »

China’s Payment Giants will Struggle to Reach International Markets

The Chinese payments titans Alipay, China UnionPay (CUP) and WeChat Pay are sallying abroad, leveraging enormous scale in their home market and taking advantage of unfettered access to European, Japanese, North American and emerging markets. Few initially national payment networks have attempted, much less succeeded in becoming genuinely global. Underscoring the point, Interac, Cartes Bancaires and BankAxept are the leading ... Read More »

Arvato Expands North American Presence with New Office in Atlanta

As a result of its latest growth and expansion, Arvato Financial Solutions has opened a new location in the Atlanta area. The center is located in Sandy Springs. With the new site, the international financial services specialist will strengthen its North American operations, creating a hub to build new business in the region. “We are excited to add this new ... Read More »

E-commerce India: Alibaba has its Eyes on BigBasket

Alibaba, Paytm Could Make Joint Investment In BigBasket Alibaba and India-based digital payment company Paytm are gearing up to invest around $200 million in Indian online grocer BigBasket. According to a report in VCCircle, citing people familiar with the matter, an announcement about the investment could come any day. With the investment from the online retail platform and the eWallet ... Read More »

Google & Intuit Partner in Small Business Cash Management

Google and Intuit are pairing up to help Australian small businesses (SMBs) get a better grip on cash management.  Reports Wednesday (Sept. 13) said Google and Intuit Australia announced news of their partnership at the Google Cloud Summit, which was held in Sydney. As part of their initiative, Gmail now supports integrated eInvoicing using Intuit tools. The Google Calendar App also ... Read More »