China’s draft payments rules put Ant, Tencent on notice

A string of recent events in China’s payments industry suggests the duopoly comprising Ant Group and Tencent may be getting a shakeup. Following the abrupt call-off of Ant’s public sale and a government directive to reform the firm’s business, the Chinese authorities sent another message this week signaling its plan to curb concentration in the […]

Why Exactly Does the World Need a Smart Banknote?

It’s now 60 years later, and cash is still here. I predict that it will be around for another generation. But, I also believe that electronic payments using mobile devices is the more efficient, inevitable future. So, how do we ease the transition from nineteenth-century cash to twenty-first-century smart-phone crypto over the next decades? The … Continued

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LA-based Credit Key raises $33 million for its business-to-business payments platform

Bringing to small businesses across the U.S. the buy-now pay-later model that transformed companies like Klarna and Affirm into billion-dollar businesses has netted the payment and lending company Credit Key another $33.85 million in funding. The Los Angeles-based company raised its latest cash from Greycroft, Bonfire Ventures, Loeb.nyc and other, undisclosed investors, the company said. […]