Paytm Shares Decline Following Alibaba Affiliate’s Alleged Sale of Stake Worth $125M
Digital payments firm Paytm saw its stock decline markedly after a shareholder offloaded 19.20 million shares.
Ant Financial is set to bring mobile payments technology to customers in Indonesia via a new partnership with major local media company Emtek.
Digital payments firm Paytm saw its stock decline markedly after a shareholder offloaded 19.20 million shares.
The IPO filing by SenseTime is a bold move at a time when the company is put on the U.S. Entity List which is a likely factor to dampen investor and customer confidence.
CICC, Citigroup, JPMorgan, and Morgan Stanley will be advisers on the Hong Kong Ant Group’s listing plan, while CICC and CSC Financial will underwrite the Shanghai leg of the IPO.
The Ant Financial management believes that their move to go for an IPO and become a public company will enhance transparency to their stakeholders.
China is set to launch its Blockchain Service Network (BSN) on April 25th, 2020. It will allow anybody to launch and deploy new blockchain applications for minimal cost.
Huawei, Baidu, JD.com, Tencent and Ant Financial joined China’s national committee that aimed at setting the standards in the country.
As the world is joining efforts to help with coronavirus treatment and spread, the blockchain technology is now being employed for related insurance payments.
Nubank with a valuation of $10 billion is the leading force in fintech in Latin America.
China continues to dominate the FinTech development with its three companies place in the top-ten. Alibaba’s payments wing Ant Financial tops the KPMG FinTech100 rankings.
Electronic payments service Alipay is set to provide support to 10 million European small and medium-sized businesses in the next five years.