Klarna targets US as valuation hits $5.5B

European e-commerce company Klarna announced it raised an additional $460 million in a funding round, …

Apple presses go on card launch

Apple began offering its Apple Card to select customers, a move which kept the company …

Security breach brings down shutters on 7Pay

Bosses at retailer 7-Eleven Japan called time on its fledgling 7Pay mobile payment service, after …

Line, Rakuten poised for Taiwan online bank launch

Taiwan’s finance authority issued internet-only banking licences to affiliates of messaging company Line, internet giant …

Vodafone Idea abandons m-Pesa after bank failure

Vodafone Idea CEO Balesh Sharma announced the company would close its m-Pesa business alongside the …

Kakao gets nod to raise stake in internet bank

South Korea’s Financial Services Commission (FSC) gave messaging app provider Kakao the green light to …

Line losses surge for second consecutive quarter

Japan-based messaging company Line reported a huge net loss for the second consecutive quarter as …

WorldRemit expands African mobile money play

WorldRemit launched its mobile-to-mobile fund transfer service in five new African markets including Malawi, Guinea …

Valyou boosts reach with Western Union deal

Remittance giant Western Union and Telenor-owned Malaysian wallet company Valyou inked an agreement to increase …

Cambodia trials central mobile payment platform

Cambodia’s central bank announced it was testing a mobile payment system designed to facilitate peer-to-peer …