Jack Ma’s Ant set to raise $35 billion in biggest-ever IPO
Jack Ma’s Ant Group Co. is set to raise about $34.5 billion through initial public offerings in Shanghai and Hong...
Payments
Startup Promise aims to modernize municipal payments process
Promise wants to help consumers stay on the government’s good side by keeping them out of debt. The 3-year-old social...
BofA Zelle numbers jump $7 billion quarter over quarter
Bank of America customers sent $39 billion through Zelle during the third quarter, up from $32 billion last quarter. Image...
Consumers turn to big tech, neobanks for payments
The COVID-19 pandemic is changing how consumers make payments, according to consulting firm Capgemini’s World Payments Report 2020. Since April,...
Other markets outpace the US in finance app installs
The U.S. is trailing other markets when it comes to finance app downloads, according to a new study from the...
U.S. explores restrictions on Ant Group, Tencent payment systems
The Trump administration is exploring restrictions on billionaire Jack Ma’s Ant Group as well as Tencent Holdings Ltd. over concerns...
Nexi said to eye Denmark’s Nets in new blockbuster payments play
Nexi SpA is already hunting for its next target after agreeing a milestone payments merger with Italian rival SIA SpA,...
Smaller FIs fail to meet customer demand for Zelle
Credit unions and community banks have some catching up to do when it comes to meeting changing customer payment needs,...
Weekly Wrap: The rise of contactless payments and Bank of America breaks patent records
Contactless payments are here to stay in the post-COVID world, according to recent data from Amex, but cash’s staying power...
Apple may face EU rules to open up payment technology
The European Union is weighing legislation that could force Apple Inc. to open iPhone payment technology to competitors. The potential...
