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Financial service provider Capital One Financial Corp acquired peer Discover Financial Services in an all-stock deal valued at $35.3 billion, on Monday. Under the terms of the agreement, Discover shareholders will receive 1.0192 Capital One shares, said the firm, with a premium of 26.6% based on Discover’s closing price of $110.4 on February 16. Additionally, […]
Payments and financial services company One 97 Communications (OCL) Paytm, on Saturday, assured its customers online of proving zero disruptions in merchants’ settlements and minimal through a new partnership with Axis Bank. The company said this partnership with Axis Bank is expected to replace the nodal account, which company previously used with Paytm Payments Bank. […]
Derivatives and securities exchange network Cboe Global Markets said subsidiary Cboe Australia listed new Exchange Traded Funds (ETFs) from iShares by BlackRock, a global asset management company on Thursday. This led the company to become the first global asset manager to list its iShares ETFs on each of Cboe’s listings exchanges in United States, Canada, […]
India’s digital payment system Unified Payment Interface (UPI) is expanding its services to Sri Lanka and Mauritius as well as launching the indigenous payment card RuPay in Mauritius, on February 12 at 1300 hours (IST) via video conferencing, stated External Affairs Ministry on Sunday. The launch aims to benefit a wide cross-section of people through […]
Investment bank Jefferies Financial Group, on Monday, confirmed to facilitate the sale by broadband provider OpNet, its operation to Wind Tre, a subsidiary of CK Hutchison Group Telecom Holdings Ltd (CKHGT) in a cash deal for €485 million ($520 million). The firm said under the terms of this sale agreement, the deal will include OpNet’s […]
Indian fintech start-up Slice is extending its account service by launching ‘Slice Account’, a unified payment interface (UPI) account on Monday, after three months of beta testing period in order to reach wider consumers interested in the use of UPIs. The payment process through UPI has been broadly used at almost every corner of the […]
California-based Nium received principal approval from the regulatory body Reserve Bank of India (RBI) for two payment licenses on Monday, to offer and improve a variety of financial products in the country, from prepaid cards to merchant payment-acquiring. The finance firm said it secured Prepaid Payment Instrument (PPI) and Payment Aggregator (PA) licenses from RBI […]
Fintech firm PayTabs Group collaborated with financial service provider Nearpay on Sunday, to integrate Nearpay’s innovative ‘Tap to Phone’ technology into the PayTabs Touch app. Saudi Arabia-based firm said this collaboration aims to improve user experience of PayTabs Touch, PayTabs’ proprietary SoftPOS application across the region, including integration with the MEPS FAST application in Jordan. […]
UPI Payments firm Paytm Chief Executive Vijay Sharma took to X, formerly known as Twitter, guaranteeing its users that the app will continue to work as usual beyond February 29, on Friday. Earlier this week, the Reserve Bank of India, under section 35A of the Banking Regulation Act, 1949, released an official notice stating Paytm […]
International payments company PayPal’s Alex Chriss, chief executive of the company said to reduce the workforce by about 9% in a letter to the employees, which was then posted on the company’s website, on Wednesday. Amid the elongated pressures on managing costs, most companies have opted to take the measure of multiple rounds of layoffs, […]
Financial service provider Northern Arc Capital partnered with banking institution Karnataka Bank (KBL) on Wednesday, to offer customer-centric financial solutions to retail borrowers. The non-banking financial firm said to provide its technology platform nPOS to Karnataka Bank for co-origination, co-lending and pool buy-out. Co-origination involves collaborative lending between a bank or financial institution and a […]
Technology advisor firm EPlus acquired certain assets of technology solutions and service provider Peak Resources on Monday, to help drive additional growth with enhanced engineering, sales, and service delivery capabilities in the Mountain West region. The acquisition of certain assets and liabilities of PEAK Resources closed on January 26, the firm said. “Our decades of […]
