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Retailer H&M invests in payments firm Klarna

H&M invests $20 million in Klarna
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In an unusual deal, Swedish-headquartered fast fashion retailer H&M invested $20 million to acquire under 1% of online payments firm Klarna. H&M will implement Klarna’s payments platform in ...
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Walmart-owned Flipkart launches instant credit for Indian consumers

Flipkart launches cardless credit in India
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India’s leading online shopping site Flipkart, now 77% owned by Walmart, launched a cashless credit program that will give shoppers access to an instant credit line of up ...
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Regtech compliance disruption growing; spending will reach $115.9 billion

US noncompliance regulatory costs
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Along with the disruption in the financial market by technology are the growing burdens of compliance and its impact on the financial industry. A new whitepaper from Juniper ...
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Google Pay offers Indian consumers loans within its mobile app

Google Pay now offers Indian consumers loans
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Google and four Indian banks will offer Indian consumers instant loans in the ultracompetitive $1 trillion Indian digital financial market. According to a Bloomberg report, “HDFC Bank Ltd, ICICI ...
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UK check clearing will get a new image makeover

UK check payments
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It’s very surprising the check clearing system in the UK has not kept pace with new technologies in most other markets around the world. By the end of ...
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Safelite launches same-day car insurance payment claims service

Safelite insurance claims payments
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Instead of taking days or weeks to pay out non-glass insurance claims, a new service from Safelite Solutions and Ingo Money could pay accident claimants within hours. Safelite ...
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Payments industry news roundup from around the world

global payments news
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Here are the payments industry news stories we’re reading this week along with the payments trends and innovations we’re watching from around the world. PayPal and Temasek invest ...
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Are banks disconnecting from mobile banking customers?

banks fail mobile customers
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A new report from Javelin Strategy & Research suggests banks may be failing to pivot fast enough to keep up with the changing demands of consumers for mobile ...
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Mobile payments: global news roundup

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We’ve got a roundup of the latest mobile payments news, innovations and developments from key markets around the globe to wrap up your weekly reading. Mobile Payments in ...
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Fintech’s biggest impact on financial services & cybercrime gone wild

Bitcoin & Blockchain Credit Card & Online Fraud Payments Research
We’ve got highlights of two new and important reports for the payments industry. The first is PwC’s look at the impact of fintech on the financial services industry. ...
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