Payments

Russians Named as West Smashes Lockbit Ransomware Gang

US indictment seeks the arrest of two Russian cyber criminals after Britain's National Crime Agency infiltrated the gang's systems, stole…

2 months ago

China Chops Mortgage Benchmark Rate to Boost Property Market

Financial authorities in Beijing on Tuesday announced the country's biggest ever reduction in its benchmark mortgage rate

2 months ago

India’s Paytm Bleeds Amid Financial Crime Probe in Banking Arm

The fintech giant's share price has slumped more than 84% since it filed for a blockbuster IPO — India’s largest…

2 months ago

Alibaba to Offload Grocery, Hypermarket Chains in E-Comm Push

The proposed sell-off of Freshippo and RT-Mart comes amid Alibaba's restructuring and China's tightened scrutiny of IPOs

3 months ago

Paytm Stocks Dive After RBI Pulls Shutters Down on Its Bank

The Reserve Bank of India's order could be the first step in cancelling the bank's licence and follows years of…

3 months ago

China Evergrande Facing Potential Wind-up Hearing on Monday

A Hong Kong Court is due to hear applications on Monday to wind up the world's most indebted developer in…

3 months ago

Tencent Leads China Shares up as Gaming Body Drops New Rules

Shares of Chinese gaming firms rose on Tuesday amid speculation the regulator may back down on new rules that would…

3 months ago

Samsung Flags Drop in Fourth Quarter Profit Amid Weak Demand

The world's largest maker of memory chips, smartphones and TVs says its operating profit for October to December will drop…

4 months ago

China’s Ant Closing in on $200m Deal to Buy Dutch Payments Firm

The planned acquisition follows the Chinese financial technology group’s purchase of Singapore-based payments firm 2C2P

4 months ago

India Digital Currency Transactions Top 1m a Day in December

Some large Indian private and state-run lenders disbursed amounts related to employee benefit schemes directly to staff's CBDC wallets, instead…

4 months ago

China’s Top Banks Reducing Exposure to Small Regional Lenders

Two of China's biggest state-owned banks and a leading joint-stock bank have stepped up reviews of smaller lenders, as debts…

4 months ago

Jack Ma’s Alipay Reign Officially Over, IPO Back on Track

The People’s Bank of China has confirmed the payment app no longer has a controller after Ma gave up most…

4 months ago