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Klarna shares crashed 26% after $26 million Q4 loss — here’s what spooked buy now, pay later investorsKlarna shares crashed 26% after $26 million Q4 loss. One year ago, it earned $40 million profit. Revenue hit $1.08 billion — a record high....- JPMorgan expands tech team with four veteran bankers from BofA, Goldman, LazardJPMorgan is strengthening its technology investment banking team with key hires from Goldman Sachs, Bank of America, and Lazard. The expans...
- $22.7 billion power move: Global Payments to acquire Worldpay and offload Issuer Solutions to FIS in massive shake-upGlobal Payments is acquiring Worldpay for $22.7 billion while divesting its Issuer Solutions business to FIS for $13.5 billion. The move re...
- Visa agrees to buy AI-focused enterprise tech firm FeaturespaceTop tech companies are racing to build artificial intelligence into their products and services, leading to surging demand for AI chips, se...
- Payments processor FIS to cut debt with $11.7 billion stake sale in merchant unitFIS built its merchant business that processes transactions for companies when it acquired Worldpay for $43 billion in 2019. But new financ...
- Exclusive: India mulls new valuation norms for angel tax; Amazon, Samara eye stake sale in More RetailIndia is considering using valuation criterion established by the Foreign Exchange Management Act (FEMA) for angel tax on foreign investmen...
- Worldpay to focus on large cross-border payments in IndiaIn 2019, UK-based Worldpay was acquired by FIS of the US at an enterprise value of $45 billion. FIS is reportedly now looking to spin World...
- India's ecommerce market to reach $150 billion by 2026 fuelled by rise in UPI transactions: reportAs unified payments interface (UPI)-based transactions continue to break all records, India's e-commerce market is projected to grow from $...
- Economic Survey 2023 flags FTX collapse; highlights need for common approach to regulate cryptocurrenciesFinance Minister Nirmala Sitharaman tabled the Economic Survey for the ongoing fiscal in the parliament ahead of the Union Budget 2023-24. ...
- Clearbank raises $230 million from Apax Partners to expand into Europe and USClearbank built cloud-based financial rails, which will allow customers and banks real-time clearance on financial services like payment tr...
- FIS India flouts ATM service conditions of Bank of IndiaThe problem came to light due to a complaint by a whistleblower, a source aware of the developments told ET. The issue has been taken up th...
- Evolving e-commerce industry will peg its growth on highest quality apps: pCloudy ReportAccording to a report published by Worldpay, over 80% of buyers surveyed in India now prefer using mobile apps over mobile browsers, compar...
- India to overtake US as world's largest e-commerce market: StudyThe report said the e-commerce market is expected to grow exponentially with emerging markets leading the charge -- particularly India.
- Singapore-based epayment gateway Telr launches India operationsTelr offers payments solutions to merchants using both websites and social media channels like Facebook and Instagram.
- Worldpay Group Ltd valued at $7.4 billion in London listingWorldpay Group Ltd has priced its listing on the London Stock Exchange at 240 pence per share, valuing the business at 4.8 billion pounds (...
- IndusInd Bank and Worldpay ink pact to offer services in IndiaThe UK-based payment processing giant Worldpay has partnered with IndusInd Bank to offer acquiring services in India.
- India ranks 83rd on UN index assessing e-commerce readinessThough China is 63rd in the UNCTAD-formulated index, it is already the world's largest B2C market measured both by the revenue and the numb...
- Online payment must for British visa from December 16All Indians seeking British visa will have to pay the visa fees online through debit or credit cards as other mode of payments such as cash...
- 3 companies bid for Axis Bank’s swipe businessTwo largest US processors - Global Payments Inc and TSYS - as well as UK-based WorldPay have valued the Axis Bank network slightly below th...
- Eight charged in US in global credit card fraud ringA grand jury in the southeastern state of Atlanta indicted eight people Tuesday in a credit card fraud ring that stole nine million dollars...
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