PYMNTS-MonitorEdge-May-2024

Asia

Asian Food Delivery Firm HungryPanda Raises $20M
Asian Food Delivery Firm HungryPanda Raises $20M
February 20, 2020  |  Investments

Online food delivery company HungryPanda has raised $20 million in a funding round led by Antoine Nussanbaum from Felix Capital and Laurel Bowden from 83North,...

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Deutsche Bank To Help Sri Lanka With Digital FX
Deutsche Bank To Help Sri Lanka With Digital FX
February 18, 2020  |  B2B Payments

Deutsche Bank announced on Tuesday (Feb. 18) that it would improve its Sri Lanka operation with the launch of a new digital foreign exchange (FX)...

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HSBC Reorganization Slashes 35K Positions, $100B Assets
HSBC Reorganization Slashes 35K Positions, $100B Assets
February 18, 2020  |  International

Europe’s biggest bank by assets, HSBC, is slashing 35,000 jobs and $100 billion in assets as it moves to streamline business functions in the U.S.,...

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Crypto Fraud Scores More Than $4B In 2019
Crypto Fraud Scores More Than $4B In 2019
February 09, 2020  |  Cryptocurrency

The cost of crimes involving bitcoin and cryptocurrency hit $4.3 billion in 2019, according to Chainalysis and The Wall Street Journal, which was a bigger...

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Mastercard Invests In Asia’s Pine Labs For Electronic Payment Options
Mastercard Invests In Asia’s Pine Labs For Electronic Payment Options
January 24, 2020  |  Mastercard

In order to accelerate the use of electronic payment options in Asia, Mastercard has invested in merchant commerce platform Pine Labs, according to a press...

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JPMorgan Targets Smaller Companies In Japan
JPMorgan Targets Smaller Companies In Japan
January 21, 2020  |  B2B Payments

JPMorgan Chase is introducing a new initiative in Japan, where it is actively vying for business from mid-sized companies, according to a report in the...

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Retail Sales Plunge In Hong Kong
Retail Sales Plunge In Hong Kong
January 03, 2020  |  Retail

With visitor arrivals to Hong Kong dramatically falling, the financial center’s retail sales registered a double-digit drop in November. Retail sales by value retreated 23.6...

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How Tariffs Lead Toymakers To Redraw Asia’s Supply Chains
How Tariffs Lead Toymakers To Redraw Asia’s Supply Chains
November 28, 2019  |  International

Importers around the world continue to reel from ongoing trade disputes that are redrawing supply chains — perhaps permanently — throughout Asia, causing importers and...

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Estee Lauder Agrees To Buy Asian Beauty Brand
Estee Lauder Agrees To Buy Asian Beauty Brand
November 19, 2019  |  Retail

In what is reportedly its first acquisition of an Asian beauty brand, Estee Lauder Cos. has agreed to purchase two-thirds of Dr. Jart+ cosmetics owner...

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