It looks like a race is shaping up to determine the future management of General Motors’ credit card business. This week, The Wall Street Journal reported that Goldman Sachs is aggressively pushing to acquire the GM card, arguing that it’s the best company to usher...
There’s a growing awareness among businesses that when it comes to disbursements, we’re moving into an era where consumer choice is king. In much the same way that customers have a slew of options these days when it comes to paying a bill, they also expect...
A decade ago, when Brazil’s RecargaPay first debuted, a glance around the global payments ecosystem would have shown a similar pattern. The world’s largest digital payment companies at the time — PayPal and Alipay — got their start inside of marketplaces, RecargaPay Founder and CEO...
Google Pay and PhonePe, digital payment providers, are collaborating with the National Payments Corporation of India (NPCI) to offer recurring payments, Moneycontrol.com reported, citing banking sources. The deal will enable customers to opt-in for automatic monthly payments for utility bills, installment payments, subscriptions, insurance premiums...
IAC, the New York-based global media and internet giant, is betting that an investment of $1 billion in MGM Resorts International will pay off in online gambling, according to a press release. The move comes one month after IAC and Match Group, the parent company...
India has seen a steady stream of digital payments since it locked down to prevent the spread of COVID-19, but the nation of 1.3 billion suffers from either a lack of internet or low-speed service, preventing many residents from taking part in touchless payments. To...
Huawei has entered the cloud-based digital payment space. Citing data from GSMA, an industry group representing mobile operators, Huawei Software Marketing and Sales Department Director Ryan Wu said in a prepared statement: “Mobile money today has over one billion registered users after more than 10...
Cash was long king in Nigeria despite more than a decade of efforts to bring cashless options to consumers, Jay Alabraba, co-founder of Nigerian payments platform Paga, told Karen Webster. The reasons were simple: Cash is known and trusted, and consumers (especially Nigeria’s large unbanked...
People in the developed world tend to have skewed views of developing countries that they’re unlikely to ever visit — like Cambodia, according to Matthew Tippetts, co-founder and CEO of Phnom Penh-based payments platform Clik. Tippetts told Karen Webster that those from advanced countries think...
