Mastercard wins approval to join China’s $27T market
Mastercard Inc. won approval to set up a bank card clearing business in China, gaining access to a $27 trillion...
JPMorgan revamps digital strategy team after three leaders exit
JPMorgan Chase & Co. is staking its consumer-banking strategy on digital technology. In 2020, that push will be spearheaded by...
Brainard says Fed studying potential for US digital currency
The U.S. central bank is studying the feasibility of a digital currency, said Federal Reserve Governor Lael Brainard. “Given the...
Paytm rolls out new gadgets targeting retailers and merchants
Paytm, India’s leading digital payments player, unveiled new products to target businesses and ward off rising competition from Google Pay,...
Goldman eyes offering small-business loans in deal with Amazon
Goldman Sachs Group Inc. is in discussions with Amazon.com Inc. to offer small-business loans through the tech giant’s platform, according...
Visa shares drop on warning client incentives will rise in 2020
Visa Inc. said the incentives it hands out to banks and retailers will climb faster than revenue and are on...
Mastercard’s bet on fintech pays off with higher card spending
Mastercard Inc.’s new initiative to team up with more startups on credit cards is starting to pay off. The company...
Google ban fails to stamp out short-term payday lending apps
In August, Google announced a global crackdown on Android apps that offer short-term loans, saying it wanted to protect consumers...
Stuck-in-the-past Japanese banks wary of fintech revolution
Japan’s effort to nudge its more than 100 struggling regional lenders into the digital age is floundering. More than a...
Jack Ma’s booming loan business threatens Visa, AmEx in China
As Visa Inc., Mastercard Inc. and American Express Co. prepare to enter China for the first time, one of their...
