May 10, 2019
Jumia’s Shares Slide On Fraud Claims By Short Seller

Following a claim of fraud by a short seller, shares in eCommerce firm Jumia fell by almost 25 percent by midday New York time on Friday (May 10) and traded...

May 10, 2019
Real-Time Payments, Mastercard And Visa Deals Dominate This Week’s News

At the end of another busy week, it can pay to look back at some of the biggest recent news in payments and commerce. And this week was a meaty...

May 10, 2019
Budweiser APAC Eyes $70B Valuation In IPO

In a move that brings it closer to an initial public offering (IPO), Anheuser-Busch InBev Group’s Asian business filed an application for a Hong Kong stock exchange listing. The Budweiser...

May 10, 2019
AI Leads More Than $1B In Funding For B2B Startups

The B2B venture capital (VC) train continues full steam ahead after last week’s lucrative deals. This week, investors placed more than $1 billion in B2B startups, with the largest round...

May 09, 2019
Bernie Sanders And Alexandria Ocasio-Cortez Look To Cap Card Interest...

Democratic presidential candidate Sen. Bernie Sanders and New York Rep. Alexandria Ocasio-Cortez moved today to introduce legislation that would cap rates on credit cards and other consumer financial services at...

May 09, 2019
US: EQT and Digital Colony Agree to Buy Zayo for...

Fiber network owner Zayo Group Holdings has agreed to be acquired by Digital Colony Partners and EQT Partners for US$14.3 billion including debt in a deal that will take the...

May 09, 2019
Flagstone Notches £11m In Funding; Hong Kong Awards Virtual Banking...

Welcome to The Axis, your late look at payments news from around the world. Coverage includes the Czech Republic-based Twisto’s €14 million raise. In addition, U.K. cash deposit platform developer...

May 09, 2019
SMB Retail Innovation: Payments And Inventory Boost Prospects

If you can’t beat ‘em, join ‘em – so goes the motto for pragmatic surrender. In retail, the corollary to that might be if you cannot survive on your own...

May 08, 2019
MoneyGram’s Q1 Slide Overshadows Digital Growth

MoneyGram shares were pummeled in intraday trading on the heels of reporting results that lagged expectations and showed the lingering impact of an ongoing restructuring plan aimed at improving compliance...