The Wall Street Journal reported the talks on 14 August. Cara Lombardo, Gina Heeb and Lauren Thomas wrote it. The framing is what changed. PayPal is in talks to sell itself, rather than fielding an offer it has rejected. Stripe and Advent International…
Navi, the Indian fintech founded by Flipkart co-founder Sachin Bansal, has hired banks for an initial public offering of about $315m, according to a Bloomberg report. It is the clearest sign yet that Bansal’s second act is finally heading for the publi…
Google Play now accepts Venmo in the United States. Users can link their Venmo account through the payment methods section in Google Play settings and use their Venmo wallet, connected bank accounts, or cards to pay for apps, games, subscriptions, and …
Shein’s advisers are pitching the fast-fashion giant to investors at a valuation below $30 billion for its Hong Kong IPO, a roughly 70% drop from the $100 billion-plus valuation it hit in a 2022 private fundraising. Internally, Shein set a target of $3…
South Africa has proposed banning corporate cross-border stablecoin transactions, in draft rules released jointly by the Reserve Bank and National Treasury. It is one of the most aggressive attempts by any emerging economy to force borderless digital t…
Nik Storonsky wants a bigger slice of Revolut, and he has picked an ambitious price. The cofounder and chief executive is in talks over a new share award, the Financial Times reported. It would grow his stake if the fintech reaches a $500 billion valua…
A businessman in Sussex watched £14,244 drain out of his Metro Bank account. The money went on credits for Claude, the AI chatbot he already paid to use. Two things failed at once. Criminals had turned a chatbot into a way to cash out stolen cards. And…
The AI memory shortage has reached the phone-shop counter. T-Mobile is rolling out financing that lets customers walk out with a new handset for nothing down. It does this by spreading not just the device but its taxes and fees over three years. The re…
Two former Nubank executives have raised $85m to build an AI wealth adviser in Brazil. Their backers call it the largest seed round in Latin American history. The startup, Decade, came out of stealth on Tuesday with money from Greenoaks, Benchmark and …
The race to modernize cross-border payments is increasingly shifting toward emerging markets, where businesses continue to face high costs, settlement delays, and fragmented financial infrastructure despite growing international trade. Australian finte…