Cards & Payments
Visa to serve as payment partner for French fintech trio
Visa has become the preferred payment partner for fintech firms Lydia, Lunchr, and manager.one – all headquartered in France. The cards company will assign a team to work with the three fintech firms to further their development strategies. The...
News
Masabi, Mastercard and UniCredit deliver mobile transport ticketing to Bucharest
Payments company Masabi has launched mobile ticketing for public transport in Bucharest in collaboration with Mastercard and UniCredit Bank.
The app BPay enables cashless travel on Societatea de Transport Bucuresti (STB) services across the Romanian capital city. It is now...
Asset Management
Eastspring acquires 50.1% stake in Thanachart Fund for $137m
Eastspring offers investment solutions across a wide range of asset classes including equities, fixed income, and multi asset solution. Eastspring Investments has completed the acquisition of 50.1% stake in Thailand-based mutual fund manager Thanachart Fund Management (TFUND) from Thanachart...
Cards & Payments
INTL FCStone acquires German payment services provider GIROXX
GIROXX provides online payment and foreign exchange hedging services to small and medium sized enterprises (SMEs) in Germany, Austria and Switzerland. Financial services firm INTL FCStone, through its UK-based subsidiary, has signed a sale and purchase agreement to acquire...
Insurance
HDFC completes stake acquisition in Indian health insurer Apollo Munich
HDFC Limited has completed the acquisition of 50.80% share of Apollo Hospitals Group, in Apollo Munich Health Insurance Company Ltd. (Apollo Munich) for INR1,485.14crore and 0.36% shareholding held by employees for INR10.67crore.
The acquisition was approved by the Competition Commission...
Financing
Cigna and Oscar join forces in new small business health insurance venture
The new health insurance partnership between Cigna and Oscar will revolve around the integration of integrated medical, behavioral and pharmacy services. American health insurance giant Cigna has announced a partnership with more recent market entrant Oscar to provide commercial...
Cards & Payments
Western Union Expands Bank Account Payout in China Via Du Xiaoman Financial Mobile App
Western Union, a leader in global cross-border, cross-currency money movement and payments, and Du Xiaoman Financial and its network of bank partners launched Western Union® international money transfers to be paid out in real-time into even more bank accounts...
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