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IBM, Visa Team up To Make IoT Devices PoS and Support Secured Payments

Global technology and innovation company IBM and global payments technology company Visa Inc. have recently joined hands on a common mission. Together,

Ant Financial to Invest $200 Million in Kakao Pay

The financial arm of Chinese internet giant Alibaba Group Holding will invest $200 million in the payments unit of South Korean messaging company Kakao Corp. to grow its global payments network.

Alibaba’s Ant Financial extends global reach with first investment in the Philippines

Alibaba affiliate Ant Financial has again extended its global reach after it completed its maiden investment in the Philippines. The company, which manages payment service Alipay and Alibaba’s digital banking services and is valued at $60 million, said it made an undisclosed investment in Mynt, a financial venture from Globe Telecom. Show More Summary

Alibaba’s Ant Financial is raising $3B in debt to finance a global M&A spree

Alibaba affiliate Ant Financial announced a surprise deal to acquire international payment service MoneyGram for $880 million last month, but that looks like being just the start of its M&A activities. A source at the company confirmed...Show More Summary

Samsung Pay to launch in India in first half of 2017

Domestic companies cashing in on India’s cash crunched market with epayment solutions will soon have competition from a global technology giant — Samsung. SEE ALSO: Google is thinking about bringing digital payment services to India Samsung...Show More Summary

The reason millennials became obsessed with payment app Venmo has nothing to do with money

DAVOS, Switzerland — Business Insider Global Editor-in-Chief Henry Blodget led a panel focusing on the Global Fintech Revolution. The panel was part of the World Economic Forum's annual meeting held in Davos, Switzerland. One of the panelists was PayPal CEO Daniel Schulman. Show More Summary

How a new wave of French startups are taking a global approach to change France’s economy

Irish digital payment unicorn Stripe has released a report offering further evidence that France’s startup economy has shifted into a much higher gear since 2014 in large part by being more aggressive abroad. “A new wave of French startups are changing France’s economy and the way we do things,” said Guillaume Princen, Stripe’s director of France […]

Alibaba’s Ant Financial is buying MoneyGram for $880M to expand its global presence

Alibaba is taking a big step into the U.S. — but it isn’t necessarily what you might think. Its affiliate Ant Financial has revealed it is buying U.S. payments firm MoneyGram for $880 million. Ant Financial is paying $13.25 per share for NASDAQ-listed MoneyGram, a jump on the $11.88 price it held at the beginning of trading on Wednesday. Show More Summary

China's Ant Financial, Owned by Trump Ally Jack Ma, Makes U.S. Play

At a time when globalization has increasingly been called into question, China’s biggest online payments company is seeking a foothold in the U.S. with a major acquisition.

Airbnb in talks to buy payment app Tilt

Global accommodation booking site Airbnb is said to be in talks to buy Tilt, the crowdfunding company that allows for groups and communities to collect, fundraise, or pool money online. The acquisition would be a smart move for Airbnb, given the company's recent expansion into 'experiences', where it basically wants to go beyond just a […]

Cubic to Present Benefits of Contactless Bankcard Payment at Global Conference

Cubic Transportation Systems (CTS) has announced that John Hill, senior account director for the city of London, CTS, will speak about the growing usage and success of contactless bankcard payments at the 9th Transport Ticketing Global conference.

Headline News from PaymentsNews.com - January 20, 2017

Headline News is brought to you by Glenbrook Partners. Glenbrook provides payments strategy consulting and education services to payments professionals worldwide! ON THE WEB With Help From Contactless, E-Payments Globally Could Be Taking...Show More Summary

$9 billion financial startup Stripe just hired Obama's entrepreneur expert

Stripe, San Francisco's $9 billion payments startup, has hired Sarah Heck, Director of Global Engagement at the White House, currently serving as President Obama’s lead advisor on global entrepreneurship. In her new role, beginning in...Show More Summary

Creative management group joins with IBM on global copyright platform

The Society of Authors, Composers and Publishers of Music and IBM Corp. today announced a 10-year alliance to develop a platform on the IBM Cloud to manage payments of residual fees to musicians and other artists and their publishers in the digital age. Show More Summary

Diana Shipping Gets Refund Guarantee Payment

Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that in connection with the previously announced cancellation of a shipbuilding contract for a Kamsarmax dry bulk carrier, Hull No.

Paypal accuses India's largest mobile wallet company of copying its logo

Global payments company Paypal has filed a copyright infringement notice against Indian mobile wallet provider Paytm citing similarities between the logos of both brands. Paytm, backed by Chinese e-commerce major Alibaba, is India’sShow More Summary

Hypebot Readers Question YouTube, Spotify Payment Stats

YouTube announced this week that that it paid $1 billion in royalties to the music industry in the last year. Global music industry trade group, IFPI, countered that was not nearly enough, compared to Spotify payouts which were said to be 18X greater. But, as we did, Hypebot readers, are...

6 fintech players changing the face of global payments

The onset of the digital revolution has facilitated diversification, fragmentation and personalisation of spaces as diverse as media, travel and communications. Through the emergence and popularization of fintech platforms, this process is reshaping the payments space. Show More Summary

RedGirraffe Launches “RentPay” Globally to Allow Rent Payment via Credit Cards

RedGirraffe.com, a fintech and real estate technology company, has announced the launch of an innovative FinTech product RentPay (patent pending), which enables

Twitter just lost another key executive (TWTR)

Yet another key Twitter executive has left as the company struggles to make money and innovate its core product. Twitter's vice president of global sales, Richard Alfonsi, announced on Friday that he is joining payments startup Stripe. Show More Summary

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