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The Galaxy Card pays 5% back on Samsung purchases and lives entirely inside Samsung Wallet, as the company signals plans that run beyond a single co-branded card. Samsung has launched its first credit card in the United States, the Samsung Galaxy Card, a co-branded product issued by Barclays and running on Visa’s network. This is […]
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Alibaba’s AliExpress has been hit with a €550 million ($629 million) fine from the European Union. Brussels says the Chinese shopping platform failed to keep illegal, unsafe and counterfeit products off its site. The penalty, announced on Monday, is the biggest yet under the EU’s Digital Services Act (DSA). That law forces very large platforms […]
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The EU just fined AliExpress €550M, its biggest DSA penalty yet Read More »
PayPal’s board reckons that a $53bn (£39bn) joint takeover approach from Stripe and the private-equity firm Advent International sells the payments pioneer short, the latest twist in a fast-moving round of payments consolidation. People familiar with the talks told Reuters the directors view the offer as inadequate and have yet to respond formally. The approach values PayPal at […]
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PayPal board rebuffs $53bn Stripe and Advent bid as too low, sources say Read More »
Visa launched the Visa Stablecoin Platform on Thursday, a new infrastructure product that lets banks and payment processors issue, manage, and settle stablecoin transactions through Visa’s network. The platform launches with native support for Open USD, the stablecoin backed by a consortium of more than 140 firms including Visa, Mastercard, Stripe, and BlackRock. Jack Forestell, […]
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Visa launched a stablecoin platform that sent Circle shares tumbling six percent Read More »
OpenAI has begun displaying prediction market odds from Kalshi inside ChatGPT search results, marking the first time the company has partnered with a regulated betting exchange. The integration, first reported by the New York Times, shows real-time odds for 2026 FIFA World Cup matches with a “Source: Kalshi” label but no outbound links or Kalshi […]
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London fintech Velocity has raised a $38 million Series A to help businesses move money with stablecoins. The Velocity Series A, led by Dragonfly and FirstMark, brings the two-year-old company’s total funding to nearly $50 million. Velocity builds treasury and settlement infrastructure for companies that want to use stablecoins, the dollar-pegged tokens now spreading across […]
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Velocity raises $38M to move business money with stablecoins Read More »
Stripe and Advent International have offered $60.50 a share in cash for PayPal, a bid that values the payments company at more than $53bn and arrives backed by about $50bn in committed financing from banks, according to Reuters. The buyers would hold equal stakes in the business and, unusually for a proposal with a private […]
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Stripe and Advent offer $60.50 a share for PayPal, valuing it above $53bn Read More »
Kalshi, the prediction markets exchange, has built a forward curve that tracks the future price of computing power, joining a growing list of exchanges and index operators trying to turn GPU rental costs into a standardised financial instrument. The tool uses weekly and monthly event contracts related to compute prices, extending up to a year […]
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Indian B2B ecommerce platform Udaan has secured $160 million in a funding round that combines fresh equity from a new investor, additional debt, and the conversion of existing convertible bonds into equity, according to Bloomberg. Lightspeed Venture Partners and M&G Investments are participating in the round. The deal is designed to clean up Udaan’s balance […]
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Six months ago, Flex raised $60m and called it a Series B. On Tuesday it said it had raised another $70m, and rather than move down the alphabet, it settled on a Series B1. The round was led by Halo, the investment firm set up last year by Qualtrics founder Ryan Smith, who owns the […]
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Flex raises $70m from Ryan Smith’s Halo fund to take its AI private bank global Read More »