The People's Bank of China is set to make digital payment firms such as Ant Financial and Tencent use a new central clearing house, a move which will see companies forced to share transaction data with rivals.
The numbers of people using cash to pay for everyday purchases in the UK declined by 11% over the past year as growth in contactless card use accelerated.
PayPal is expanding its working capital programme for merchants through the acquisition of online lending firm Swift Financial. Terms of the deal were not disclosed.
Singapore's DBS Bank is taking advantage of new regulatory freedoms to launch an online marketplace for people to buy and sell cars.
Digital currency exchange Coinbase has joined the unicorn club after raising $100 million in a Series D funding round led by venture capital firm IVP.
Barclays has appointed Citi digital payments exec Barry Rodrigues chief executive officer of its Barclaycard International unit.
In a decision that will anger vegans across the UK, the Bank of England has rejected the introduction of palm oil as a replacement for the use of animal fats in future production runs of polymer bank notes, citing environmental concerns and excessive costs.
RailsBank, a fintech startup led serial entrepreneur Nigel Verdon that promises to provide access to global banking services with 5 lines of code, has raised $1.2 million in a funding round led by Firestartr
Sberbank is to spend $500 million to take a 50% stake in Yandex.Market, the e-commerce venture operated by the Russian search engine.
American e-commerce retailer Overstock has doubled down on its cryptocurrency bet, adding Bitcoin Cash, Ethereum and Litecoin to Bitcoin as payments options for nearly four million products on its site.
© Finextra Research 2017