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Mobile Wallet Market size was estimated to be over $100 billion in 2017 and is anticipated to grow at a CAGR of more than 10% over the forecast timespan of... more

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American Express has won regulatory approval to become the first US credit card company to enter the Chinese payments market and start building its own payments network. The company said... more

The post American Express gets regulatory approval to enter Chinese payments market appeared first on Payments Cards & Mobile.

Since the birth of FinTech there has been a growing anxiety for bank executives as to how and when big tech companies will start to focus on the banking industry. During its... more

The post Banking industry concerns grow as Big Tech turn to FinTech appeared first on Payments Cards & Mobile.

After the disappointment of US regulators blocking its purchase of MoneyGram, Ant Financial has taken a step towards dramatically lowering the cost of remitting money overseas in a move that... more

The post Ant Financial fights back from MoneyGram disappointment with rival blockchain remittance service appeared first on Payments Cards & Mobile.

Ant Financial, the digital payments arm of Alibaba, has been forced to abandon a merger with MoneyGram, having failed to satisfy the US government that the deal posed no risk to America’s national security. Ant announced a deal to buy MoneyGram for about $880m in cash almost a year ago, saying it would jump-start its [...]

The post Ant Financial forced to abandon MoneyGram purchase due to US regulatory pressure appeared first on Payments Cards & Mobile.