Mitsubishi UFJ intends to roll out a new payments platform for micropayments and Internet of Things applications using a blockchain network from Akamai.
PayPal has reached an agreement to acquire Stockholm-based iZettle in an all-cash deal valued at $2.2 billion, it's biggest ever transaction in a dynamic and fluctuating payments environment.
Mitsubishi UFJ Financial Group plans to carry out a large-scale trial of its own digital currency as early as next year, according to local press reports.
Danske Bank has made a multi-million krone investment in Danish account aggregation and budgeting app Spiir in preparation for the advent of Open Banking under the EU's new Payment Services Directive (PSD2).
Federal Reserve governor Lael Brainard believes special-purpose digital tokens for wholesale payments and some aspects of distributed ledger technology may hold promise for strengthening traditional financial instruments and markets.
Singapore's DBS has joined in a US$85 million funding round in classified ads marketplace Carousell as a prelude to offering financial products and payment services over the platform.
Commonwealth Bank of Australia has teamed up with Microsoft and KPMG to launch a business management platform for SMEs.
Hackers managed to steal hundreds of millions of pesos from Mexican banks by sending thousands of false orders to wire funds to bogus accounts, according to Reuters.
Paylib, the mobile wallet developed by a consortium of French banks, is set to introduce person-to-person payments utilising customer phone numbers.
Wordline is to acquire the payments service business of Switzerland's SIX Group in a deal which values the cards unit at $2.75 billion.
© Finextra Research 2018