Ant Financial, China’s largest provider of internet financial services, will continue investing in mobile-payment providers around the world to boost offshore revenue and buttress itself from rising competition and tighter regulation at home.
FleetCor Technologies, with broad operations in fleet cards and payroll solutions, has announced plans to purchase Cambridge Global Payments, which specializes in cross-border business-to-business payments, for $675 million.
U.K.-based TransferWise has enabled online customer verification at its new Asia Pacific base in Singapore, so users need not visit an office to set up an account with TransferWise's cross-border funds-transfer service.
In working with correspondent banks in developing countries for more than two decades, INTL FCStone Ltd. spent a fair amount of time collecting market information over the phone and through e-mail from those banks to share with others. It ultimately determined there was a better way to do this.