January 09, 2023
Ant Group’s Jack Ma Cedes Control As China Pressures Big...
Billionaire Jack Ma will no longer hold majority voting rights in the company, Ant Group said in a statement Saturday (Jan. 7). As PYMNTS noted last year when reports of...
January 09, 2023
Nuvei Acquires Paya for $1.3B to Expand Beyond Retail Payments
Canadian FinTech Nuvei said it will acquire payments firm Paya in a $1.3 billion all-cash deal. The purchase combines “two people-first, technology-led, high-growth payment platforms,” Nuvei Chair and CEO Philip...
January 08, 2023
Ant Group’s Jack Ma Cedes Control as China Pressures Big...
Ant Group’s founder is set to give up control of the Chinese FinTech. Billionaire Jack Ma will no longer hold majority voting rights in the company, Ant Group said in...
January 08, 2023
Chinese Billionaire Jack Ma To Relinquish Control Of Ant Group
Ant Group’s founder Jack Ma will no longer control the Chinese fintech giant after the firm’s shareholders agreed to implement a series of adjustments that will see him give up...
January 06, 2023
Chipotle Rolls out ‘Extended Reality’ to Boost Burrito Bowl Sales
As restaurants look to distinguish useful innovation from flashy technology, Chipotle is testing extended reality (XR). Stephanie Perdue, vice president of brand marketing at the fast-casual chain, explained in an...
January 06, 2023
FinTech IPO Index Ushers in 2023 With 2% Gain
With a 2% gain, things are already looking up for the FinTech IPO Index. That statement shows just how low the bar has been set for the group, which, as...
January 05, 2023
Boxed Considering Sale of Company as eGrocers Flounder
Online consumer-facing wholesale retailer Boxed is considering selling the company as eGrocers face economic challenges. The eTailer announced Thursday (Jan. 5) that its board and advisors are exploring the possibility...
January 04, 2023
Payments Software Firm ACI Worldwide Seeks Potential Buyer
ACI Worldwide is reportedly in talks about a potential sale. The provider of payments software is talking with private equity firms and working with financial advisors as it gauges interest...
January 04, 2023
China OKs Ant Group Consumer Finance Expansion
Ant Group’s consumer finance arm is set to more than double in size. Last week saw the China Banking and Insurance Regulatory Commission approve an application by Ant to expand...