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Facebook’s Libra code chugs along ignoring regulatory deadlock

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“5 months and growing strong” the Libra Association announced today in a post about its technical infrastructure that completely omits the fierce regulatory backlash...

PayPal reports solid third-quarter results, with total payment volume growing 25%

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PayPal reported third-quarter results today that were slightly ahead of analysts’ expectations, driven by an increase in total payment volume. The company’s quarterly revenue grew...

PayPal to enter China through GoPay acquisition

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The People’s Bank of China has approved PayPal’s acquisition of a 70% equity state in GoPay (Guofubao Information Technology Co. (GoPay), Ltd.), which will...

Manila-based payments processing startup PayMongo raises $2.7 million in seed funding

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Manila-based financial tech startup PayMongo has raised $2.7 million in seed funding to give merchants in the Philippines and other Southeast Asian markets simple...

Fundbox raises $176 million Series C to build ‘Visa’ for B2B...

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Credit cards have become all but ubiquitous for consumer transactions, and it isn’t hard to see why. By intermediating payments, networks like Visa allow...

Walmart launches two new credit cards offering 5% back on digital...

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Walmart is partnering with Capital One to launch a new credit card program, which rolls on September 24, and includes both co-branded and private-label...

GoCardless launches US debit payments solution and opens San Francisco office

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GoCardless, the London fintech that aims to become the one-stop shop globally for businesses that want to let customers pay via recurring bank payments,...

India’s OkCredit raises $67M to help small merchants digitize their bookkeeping

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OKCredit, a Bangalore-based startup that enables small merchants to digitize their bookkeeping, has raised $67 million to grow its business in the nation. The Series...

Nigerian online-only bank startup Kuda raises $1.6M

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Nigerian fintech startup Kuda — a digital-only retail bank — has raised $1.6 million in pre-seed funding. The Lagos and London-based company recently launched the...

Paytm’s annual loss doubles to $549M

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Running a payments business in India is not cheap. Just ask Paytm . One of India’s largest payment companies reported a net loss of...