India’s Flipkart to spin off digital payments business PhonePe
The separate entity is valued at $5.5bn in a funding round of $700m participated by existing Flipkart investors
Stripe expands financial services offering with Stripe Treasury
04 Dec 20Stripe Treasury provides platform users with APIs that enable them help their customers to easily send, receive and…
Affirm to acquire Canada’s installment payment plans firm PayBright for $264m
04 Dec 20The acquisition to enable Affirm and PayBright have a larger and more diverse merchant network across the US…
Macquarie to acquire US-based Waddell & Reed Financial for $1.7bn
03 Dec 20The acquisition will increase Macquarie Asset Management’s AUM to more than $465bn
RBI asks HDFC Bank to stop digital launches and credit card issue
03 Dec 20The bank expects RBI’s actions will not have any impact on its existing credit cards, digital banking channels…
Allied Irish Banks plans to cut 1,500 jobs by 2023
03 Dec 20The job cuts are part of the Allied Irish Bank’s plans to reduce its costs by more than…
SWIFT enables instant 24/7 cross-border payments
03 Dec 20Lloyds Banking Group is the first to go live with the service and the UK is the first…
Amount Announces $81M in Series C Funding Led by Goldman Sachs
03 Dec 20Round brings Amount 2020 capital raise to $140M; will help scale sales and marketing while accelerating platform research…
Bankia’s shareholders approve €4.3bn merger with Spanish rival CaixaBank
02 Dec 20In the combined company, Bankia’s shareholders will own a stake of 25.8%
BlockFi to roll out new bitcoin rewards credit card
02 Dec 20The new credit card from BlockFi will offer $250 in bitcoin as signup bonus after users spend $3,000…
