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Jack Ma's Ant is said to snag Carlyle for USD10 bn round

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11-May-18 Ant Financial, the Chinese payments giant controlled by Jack Ma, is expected to close a fundraising of at least USD10 bn, attracting Carlyle Group and the Canada Pension Plan Investment Board as first-time investors. [image: Bloomberg News]

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Battle for Japan's cashless spenders heats up

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08-May-18 Japanese banks hope that integrating mobile payments like Alipay and Apple Pay with other cashless methods will help them regain ground in the market and promote such options in a country where cash is still king. [image: Manami Yamada]

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Peru's mobile wallet that other nations copy

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07-May-18 Many countries want to emulate Peru’s BIM e-wallet, Latin America’s first national mobile money scheme. But a challenge for governments in emerging countries is persuading consumers and small businesses to move from using informal cash to electronic payments. [image: Bloomberg News / PaymentsSource]

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Gulf Capital acquires fintech firm Saudi Geidea

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07-May-18 Gulf Capital has acquired a strategic stake in fintech firm Saudi Geidea to boost its presence in the payment and digital financial transactions sector in the GCC. The total value of the transaction is AED978 mn (USD266 mn). [image: Geidea]

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Singtel and Razer to create e-payment network in Southeast Asia

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04-May-18 Singtel Group and gaming technology company Razer have signed a MoU to foster collaboration in e-payments, e-sports, gaming-related digital media and telecommunication, offering Singtel's mobile wallet users access to Razer's merchant network of over 1 mn payment points. [image: Open Gov]

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