Thursday, June 4, 2020
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Bangkok Bank has wrapped up its previously announced acquisition of a stake of 89.12% in Indonesian lender Bank Permata for $2.28bn from Standard Chartered and Astra International. Under the deal announced in December 2019, Bangkok Bank acquired 44.56% stakes each from Standard Chartered and Astra International in Bank Permata, which...

Banking

Blucora agrees to acquire HK Financial Services for $160m

Wave Money, Ant Financial partner to promote financial inclusion for the...

Digital Money Myanmar Limited and Ant Financial Services Group, operator of Alipay, announced a strategic partnership to promote financial inclusion for the unbanked and...

Insurance

Asset Management

 Schwab completes asset acquisition of USAA's investment management company

Schwab completes asset acquisition of USAA’s investment management company

The Charles Schwab Corporation announced that it has completed its acquisition of the assets of USAA’s Investment Management Company and has transitioned the underlying...

Cards & Payments

 Stripe payment services now available in five more European countries

Stripe payment services now available in five more European countries

Stripe, a company offering payment services over the internet, has announced the launch of its services in five more European countries including the Czech...

Mergers & Acquisitions

Company Statements

Contactless payment transactions to reach $6tn globally by 2024, fuelled by increased card use

UnionPay International drives ‘Contactless Payment’ for consumer safety during COVID-19

As the struggle against COVID-19 continues, UnionPay International have unveiled a plan for increased consumer safety through accelerating the issuance of contactless payment enabled...
PCI Pal Launches New Digital Entry in Mobile Payments Space

UnionBank Bolsters COVID-19 Stay-At-Home with range of digital services

Union Bank of the Philippines (UnionBank) continues to process a growing number of digital transactions and remains business-as-usual (BAU), throughout the ECQ. For the month...
Rybbon to provide mobile wallet-enabled prepaid rewards for Blackhawk Network

Rybbon to provide mobile wallet-enabled prepaid rewards for Blackhawk Network

Blackhawk Network announced an agreement with Rybbon, a leading digital rewards platform, to provide businesses with virtual open-loop Mastercard® reward options. Businesses can now...
Linx and PicPay Partner up to Enable Payments via QR Code

GoCardless launches payment intelligence product Success

GoCardless, the leading fintech for recurring payments, has launched its first payment intelligence product, Success+ to help businesses tackle the problems caused by failed...

Technology

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Finance

Texas Capital Bancshares, Independent Bank scrap $5.5bn merger deal

Texas Capital Bancshares, Independent Bank scrap $5.5bn merger deal

Texas Capital Bancshares and Independent Bank Group have mutually scrapped their previously announced $5.5bn merger deal owing to the impact of the Covid-19 pandemic...