Beijing is angling to break up the super-app Alipay in order to make a new app for the company’s 1 billion-plus-user loans business, a Financial Times report says. This would make the most visible restructuring yet for the giant as China aims to crack down...
Alibaba founder Jack Ma has said the upcoming dual listing for Ant Group is “the largest in human history,” according to Reuters. Ma also noted that it’s the first time such a gargantuan deal has been conducted outside of New York City. “We didn’t dare...
In late June, the Monetary Authority of Singapore (MAS) sent a ripple through the global financial services ecosystem with the announcement of its intention to issue five digital bank licenses to eligible applicants. “The new digital bank licenses mark the next chapter in Singapore’s banking...
In today’s top payments news, India’s mobile payments startup Paytm said on Monday (Nov. 25) that it secured $1 billion in new funds from Japan’s SoftBank and China’s Alibaba affiliate Ant. Also, Olo is testing out in-car ordering to help diners purchase their favorite foods from Portillo’s...
January 03, 2020
In late June, the Monetary Authority of Singapore (MAS) sent a ripple through the global financial services ecosystem with the announcement of its intention to issue five digital bank licenses to eligible applicants. “The new digital bank licenses mark the next chapter in Singapore’s banking liberalization journey,” said Tharman Shanmugaratnam, senior minister and chairman of […]
September 12, 2021
Beijing is angling to break up the super-app Alipay in order to make a new app for the company’s 1 billion-plus-user loans business, a Financial Times report says. This would make the most visible restructuring yet for the giant as China aims to crack down on monopolistic tech behavior. Previously, Chinese regulators have ordered Ant […]
October 25, 2020
Alibaba founder Jack Ma has said the upcoming dual listing for Ant Group is “the largest in human history,” according to Reuters. Ma also noted that it’s the first time...
November 25, 2019
India’s mobile payments startup Paytm said on Monday (Nov. 25) that it secured $1 billion in new funds from Japan’s SoftBank and China’s Alibaba affiliate Ant, The New York Times...
