PayPal has agreed its largest ever acquisition – a $4 billion deal to buy Honey Science Corporation, the firm behind a browser extension and app that helps people find online shopping rewards and deals. Founded in 2012, Honey is best known as a popular discovery tool that helps consumers find savings as they shop online. […]
UAE’s new low-cost airline ‘Air Arabia Abu Dhabi’ will start operations from the Capital in the first half of next year, said Tony Douglas, CEO of Etihad Aviation Group, on Monday. Speaking on the sidelines of a press conference at Dubai Airshow on Monday, Douglas refused to disclose the inaugural flight date or destination for […]
OPay, the startup behind one of Nigeria’s leading mobile payments services, has raised $120 million in a Series B funding round joined by a host of Chinese investors. The round – which comes on the heels of a $50 million round in June – was joined by Meituan-Dianping, DragonBall Capital, GaoRong Capital, Source Code Capital, […]
Which? has compared the online security of 12 of the UK’s biggest banks, with NatWest coming out on top. The consumer affairs body has tested the security of providers’ online banking based on login, encryption, account management and navigation. NatWest’s score of 83% was the best return by a comfortable margin, with Nationwide in second […]
HSBC is inviting early adopters to join a beta test of its forthcoming app-only business banking offshoot Kinetic. The bank is joining the growing wave of UK financial institutions rolling out app-based business banking services. With neobanks such as Starling, Monzo and Revolut already shaping their offerings, established institutions such as Nationwide and RBS – […]
Facebook is taking on Venmo, Apple Pay and others with a consolidated payments service that works across its main app, Messenger, Instagram and WhatsApp. People have been able to make purchases and send money to each other through Facebook’s various apps for some time but the new Facebook Pay service promises to make the experience […]
JPMorgan Chase has moved to bolster its valuable wholesale payments business by building an e-wallet that lets e-commerce and gig economy firms such as Amazon and Airbnb offer their customers virtual bank accounts. With technology giants increasingly moving in on banks’ turf, JPMorgan Chase has decided that its best option is to help them do […]
UK fintech Curve is now allowing its users with Android-operating devices to shop with Google Pay. The ‘over-the-top’ banking platform provides its users with a single Curve card which can make payments from any other bank card they have. Curve’s integration with Google Pay means its users will be able to link all their bank […]
The Federal Aviation Administration has allowed Wing, an Alphabet-owned drone delivery service, to perform at home deliveries using the vehicles. TechCrunch is reporting that it’s the first time a drone delivery company has earned the distinction, and it’s in partnership with FedEx Express and Walgreens. Wing was awarded an Air Carrier Certificate from the FAA that allows for […]
International fintech entrepreneurs are watching the local financial technology sector closely and warn Australia may not be prepared for the new world of banking just around the corner. Next February, Australia’s “consumer data right” will be put into action when banks will be required to share customer information on a range of products including mortgages […]
Australia’s flag carrier Qantas completed on Sunday a non-stop test flight from New York to Sydney, researching how the world’s longest potential commercial airplane journey of nearly 20 hours would impact pilots, crew and passengers. Carrying 50 passengers and crew on board, Qantas Flight 7879 on a new Boeing 787-9 Dreamliner touched down in Sydney […]
Dubai is all set to reap the benefits of six-month long Expo 2020 as the countdown for the mega event starts today. The emirate is expected to grow over 4 per cent in the next one year as economic activity gains momentum, which will benefit the construction, interior fit-outs, banking, hospitality, aviation, event management and […]
