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Ship Firms, US Agree On 'Cost Payment' Over Collapse Of Baltimore Bridge
Ship management firm Synergy Marine and Grace Ocean, owner of the ship with 22 Indian crew members that collided with a US bridge in March, have reached an "agreement" with the US government on cost payment, while rejecting liability for the incident
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Tech Firm Frontdesk Fires 200 People Via 2-Minute Google Meet Call
The company faced financial challenges with rental payments, causing communication issues and strained relationships with landlords.
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PayPal Launches US Dollar Stablecoin for Financial Payments, Transfers
Payments giant PayPal said on Monday it has launched a US dollar stablecoin, becoming the first major financial technology firm to embrace digital currencies for payments and transfers. While stablecoins have been around for years now, they are yet to successfully make headway into the mainstream consumer payments ecosystem.
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Blockchain Could Save Fintech Firms Billions as Sector Players Seek Improved Cross-Border Payments: Report
A Ripple survey has claimed that sticthing blockchain into the existing financial sector could save around $10 billion (roughly Rs. 82,252 crore) in the next seven years leading up to 2030. Out of the total respondents, 97 percent have expressed confidence that the blockchain technology has the potential of improving online payment services, especi...
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Google Being Probed in India for In-App Payment Breaches After Complaints From Match, Local Startups
India's competition watchdog has begun an inquiry into Google after some companies alleged the service fee the US firm charges for in-app payments breaches an earlier antitrust directive, a regulatory order seen by Reuters showed on Friday. Tinder-owner Match Group and Indian startups have asked the watchdog to investigate Google's new User Choice ...
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Mastercard Plans to Expand Crypto Payment Card Programme With New Tie-Ups
Mastercard will expand its cryptocurrency payment card programme by seeking more partnerships with crypto firms, the company's head of crypto and blockchain said, even as the sector comes under closer scrutiny from regulators and banks grow wary. Microsoft has already partnered with Binance that allow users to make payments in traditional currencie...
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Apple Launches Apple Pay Later in US, Will Allow Users to Split Purchases Into 4 Interest-Free Payments
Apple on Tuesday launched its "buy now, pay later" (BNPL) service in the US, a move that threatens to disrupt the fintech sector dominated by firms like Affirm Holdings and Swedish payments company Klarna.
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Jack Dorsey's Block Targeted By Hindenburg: 5 Points On The Company
US investment group Hindenburg Research has targeted former Twitter CEO Jack Dorsey. The Hindenburg report said Mr Dorsey's mobile payments firm Block "widely overstated" its user base.
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In Hindenburg's Latest Report, Mention Of An Indian-Origin Executive
US investment group Hindenburg Research, in its new report, stated that Jack Dorsey's mobile payments firm Block "widely overstated" its user base. Block's Chief Financial Officer Amrita Ahuja's name has also cropped up in the report.
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Hindenburg Research's Latest Report Targets Jack Dorsey's Block
Two months after accusing Adani Enterprises of fraud, US investment group Hindenburg Research launched a new salvo on Thursday, this time against Jack Dorsey's mobile payments firm Block, saying it "widely overstated" its user base.
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Ransomware Attack on Data Firm ION Said to Take Days to Fix
A ransomware attack that hit ION Trading UK could take days to fix, leaving scores of brokers unable to process derivatives trades, sources familiar with the matter told Reuters. ION Group, the financial data firm's parent company, said in a statement on its website that the attack began on Tuesday.
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Voyager Gains Initial Court Approval for $1 Billion Binance Deal, Responds to National Security Concerns
Voyager, the bankrupt crypto lender on Tuesday said it had received initial court approval for the proposed sale of the firm's assets to Binance. The lender also said that it would address any issues that would lead the US Committee on Foreign Investment in the United States (CFIUS) to oppose the transaction, which it says will allow customers to r...
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Stripe Launches ‘Fiat to Crypto’ Service to Assist Web3 Companies Facilitate Payments
Stripe has announced the launch of a ‘fiat-to-crypto' service that would allow users to exchange their dollars for cryptocurrency, to help crypto firms process payments. This service will also task Stripe with handling KYC checks and compliance parameters for its crypto-centric userbase.
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PhonePe Reportedly in Talks to Raise Funds in Round Led by General Atlantic at $12 Billion Valuation
Indian digital payments firm PhonePe is in talks to raise funds in a round led by General Atlantic at a valuation of $12 billion (roughly Rs. 99,300 crore), financial news website Moneycontrol reported on Friday, citing people aware of the matter. The US private equity group General Atlantic is likely to lead the round with an investment of $450 mi...
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US Crypto Giant Coinbase Gets Licence To Operate In Singapore
Coinbase, the largest crypto exchange in the United States, said it has received approval from Singapore's central bank to offer payment services in the city-state.
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Ship Firms, US Agree On 'Cost Payment' Over Collapse Of Baltimore Bridge
Ship management firm Synergy Marine and Grace Ocean, owner of the ship with 22 Indian crew members that collided with a US bridge in March, have reached an "agreement" with the US government on cost payment, while rejecting liability for the incident
-
Tech Firm Frontdesk Fires 200 People Via 2-Minute Google Meet Call
The company faced financial challenges with rental payments, causing communication issues and strained relationships with landlords.
-
PayPal Launches US Dollar Stablecoin for Financial Payments, Transfers
Payments giant PayPal said on Monday it has launched a US dollar stablecoin, becoming the first major financial technology firm to embrace digital currencies for payments and transfers. While stablecoins have been around for years now, they are yet to successfully make headway into the mainstream consumer payments ecosystem.
-
Blockchain Could Save Fintech Firms Billions as Sector Players Seek Improved Cross-Border Payments: Report
A Ripple survey has claimed that sticthing blockchain into the existing financial sector could save around $10 billion (roughly Rs. 82,252 crore) in the next seven years leading up to 2030. Out of the total respondents, 97 percent have expressed confidence that the blockchain technology has the potential of improving online payment services, especi...
-
Google Being Probed in India for In-App Payment Breaches After Complaints From Match, Local Startups
India's competition watchdog has begun an inquiry into Google after some companies alleged the service fee the US firm charges for in-app payments breaches an earlier antitrust directive, a regulatory order seen by Reuters showed on Friday. Tinder-owner Match Group and Indian startups have asked the watchdog to investigate Google's new User Choice ...
-
Mastercard Plans to Expand Crypto Payment Card Programme With New Tie-Ups
Mastercard will expand its cryptocurrency payment card programme by seeking more partnerships with crypto firms, the company's head of crypto and blockchain said, even as the sector comes under closer scrutiny from regulators and banks grow wary. Microsoft has already partnered with Binance that allow users to make payments in traditional currencie...
-
Apple Launches Apple Pay Later in US, Will Allow Users to Split Purchases Into 4 Interest-Free Payments
Apple on Tuesday launched its "buy now, pay later" (BNPL) service in the US, a move that threatens to disrupt the fintech sector dominated by firms like Affirm Holdings and Swedish payments company Klarna.
-
Jack Dorsey's Block Targeted By Hindenburg: 5 Points On The Company
US investment group Hindenburg Research has targeted former Twitter CEO Jack Dorsey. The Hindenburg report said Mr Dorsey's mobile payments firm Block "widely overstated" its user base.
-
In Hindenburg's Latest Report, Mention Of An Indian-Origin Executive
US investment group Hindenburg Research, in its new report, stated that Jack Dorsey's mobile payments firm Block "widely overstated" its user base. Block's Chief Financial Officer Amrita Ahuja's name has also cropped up in the report.
-
Hindenburg Research's Latest Report Targets Jack Dorsey's Block
Two months after accusing Adani Enterprises of fraud, US investment group Hindenburg Research launched a new salvo on Thursday, this time against Jack Dorsey's mobile payments firm Block, saying it "widely overstated" its user base.
-
Ransomware Attack on Data Firm ION Said to Take Days to Fix
A ransomware attack that hit ION Trading UK could take days to fix, leaving scores of brokers unable to process derivatives trades, sources familiar with the matter told Reuters. ION Group, the financial data firm's parent company, said in a statement on its website that the attack began on Tuesday.
-
Voyager Gains Initial Court Approval for $1 Billion Binance Deal, Responds to National Security Concerns
Voyager, the bankrupt crypto lender on Tuesday said it had received initial court approval for the proposed sale of the firm's assets to Binance. The lender also said that it would address any issues that would lead the US Committee on Foreign Investment in the United States (CFIUS) to oppose the transaction, which it says will allow customers to r...
-
Stripe Launches ‘Fiat to Crypto’ Service to Assist Web3 Companies Facilitate Payments
Stripe has announced the launch of a ‘fiat-to-crypto' service that would allow users to exchange their dollars for cryptocurrency, to help crypto firms process payments. This service will also task Stripe with handling KYC checks and compliance parameters for its crypto-centric userbase.
-
PhonePe Reportedly in Talks to Raise Funds in Round Led by General Atlantic at $12 Billion Valuation
Indian digital payments firm PhonePe is in talks to raise funds in a round led by General Atlantic at a valuation of $12 billion (roughly Rs. 99,300 crore), financial news website Moneycontrol reported on Friday, citing people aware of the matter. The US private equity group General Atlantic is likely to lead the round with an investment of $450 mi...
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US Crypto Giant Coinbase Gets Licence To Operate In Singapore
Coinbase, the largest crypto exchange in the United States, said it has received approval from Singapore's central bank to offer payment services in the city-state.
