Unicorn TransferWise Turns Profitable; Latest Valuation at $1.1 billion

Unicorn TransferWise Turns Profitable; Latest Valuation at $1.1 billion

By Christy Gren - May 17, 2017

The peer-to-peer money transfer firm TransferWise announces some major updates. The fintech announced that it has finally reached profitability and is looking forward to generate a

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Speed Up Your Chip-and-PIN Payments with MasterCard’s M/Chip Fast Technology

Speed Up Your Chip-and-PIN Payments with MasterCard’s M/Chip Fast Technology

By Christy Gren - May 15, 2017

Chip cards are a secure medium and have a really ‘okay’ transaction pace. However, they are faster in comparison to making payments with a magnetic stripe and a signature. But

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Softbank Nears on Closing $95 Billion Tech Fund

Softbank Nears on Closing $95 Billion Tech Fund

By Anna Domanska - May 10, 2017

Japanese teleco Softbank Group Corp. could announce a closing on a tech fund worth up to $95 billion as soon as next week, said people familiar with the matter. Chief Executive Off

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Apple Pay Transactions Show a 450 Percent Rise in Q2 2017

Apple Pay Transactions Show a 450 Percent Rise in Q2 2017

By Christy Gren - May 03, 2017

Apple has its own mobile payment service called Apple Pay. It lets the owners of iPhone 6, 6 Plus, 6s, 6s Plus, 7, 7 Plus, SE, and also the Apple watch to make payments using Near-

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Raisin Fintech Startup raises $3.2 billion, one-third of which raised in the last four months

Raisin Fintech Startup raises $3.2 billion, one-third of which raised in the last four months

By Carrie Ann - Apr 19, 2017

With a number of startups coming up in the business market every now and then, it has become difficult to raise funds with competition blooming. As there are more options to choose

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Lloyds Bank to layoff hundreds of Branches and thousands of Jobs

Lloyds Bank to layoff hundreds of Branches and thousands of Jobs

By Carrie Ann - Apr 03, 2017

Lloyds Bank has announced its plans to cut down a massive number of its branches owing to various scenarios. The banking group announced its intentions to shrink hundreds of its br

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Billionaire Founder and CEO of Fosun International Liang Xinjun steps down

Billionaire Founder and CEO of Fosun International Liang Xinjun steps down

By Carrie Ann - Mar 29, 2017

Fosun International is one of the most aggressively acquisitive conglomerates of China. Liang Xinjun and four other people founded this China investment firm in 1992. Xinjun was ap

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SolarisBank to Spread out its Branches in Asia with $28 Billion Funding

SolarisBank to Spread out its Branches in Asia with $28 Billion Funding

By Carrie Ann - Mar 15, 2017

SolarisBank has confirmed the news on Monday of receiving $28 billion worth funding from a number of investors. This is a digital banking platform venture which was founded in Germ

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Apple files Appeal due to the $14 Billion Irish Tax Bill incident

Apple files Appeal due to the $14 Billion Irish Tax Bill incident

By Carrie Ann - Feb 22, 2017

Apple Inc. recently received an Irish tax bill worth $14 billion in relation to its supposedly illegal activities in the country. In answer to this, the tech giant has filed a 14-p

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