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$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...- 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...
- 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 $...
- Exclusive: Big payday for PhonePe founders; key takeaways for tech, startups from Eco Survey 2023To kick start the day, we have a packed edition of the ETtech Morning Dispatch. Bunch of stories on what the Economic Survey 2023 recommend...
- Economic Survey 2023: key highlights for the startup and tech sectorFinance Minister Nirmala Sitharaman tabled the Economic Survey 2022-23 in Parliament on Tuesday. While the document largely gave an insight...
- 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. ...
- Curbs on E-Wallet lending signal more regulatory tightening: FitchThe RBI’s clarification that prepaid payment instruments (PPI) - a licensing category that includes e-wallet operators in India - can only ...
- Top cryptocurrency Prices Today: Bitcoin, Avalanche, Ethereum, Shiba Inu drop up to 6%The global cryptocurrency market cap today was almost flat at $1.92 trillion mark, easing up to a per cent in the last 24 hours. Total cryp...
- WhatsApp Payments: Can it be a big game-changer in the evolution of payments?From Kirana stores to high-end malls, cab hailing services, online food-ordering and even travel apps, UPI-enabled mobile payments are beco...
- 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...
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