The $2 million funding will help Iimmpact allow companies to launch digital payment products such as phone top-ups and vouchers
Bank reports a half-year profit of A$4.7 billion, announces an interim dividend of A$1.75 per share
Payments involving bank cards, online payment vehicles, commercial papers, credit transfers and other settlements rose 16.2% over 2021
Industry pundits believe the move would make PayPal potentially lose customers and allow other competitors to step in
For every 100-rupee note, the cost works out to be 15-17% on each tender in its four-year life cycle, the report said citing a market estimate
The decision, Indian media reported, is based on a preliminary internal investigation of the Paytm rival that has yielded indications of financial fraud
The bank said it wrote off 16.62 billion rupees, which included loans in consumer and microfinance portfolios
While Bank of Japan has made no decision yet on own digital currency, it is proceeding with experiments and a plan to deliberate on specific designs of one, Governor Haruhiko Kuroda said
The financing - which brought the company's valuation to more than $8 billion - was co-led by D1 Capital Partners and Spark Capital
The debut follows the official launch of Scotch & Soda’s first digital store on Tmall in China last autumn
The company said it would compete with large banks and non-bank lenders by offering unsecured trade finance with lines of up to $5 million
Zhou Jiangyong "supported disorderly expansion of capital" and "illegally accepted huge amounts of property," according to anti-graft watchdog