India’s Paytm gets government nod for investment in payments arm
By Manvi Pant BENGALURU (Reuters) - India's Paytm has received an approval from the country's finance ministry to invest in its payment services business, the fintech firm said on Wednesday. One 97 Communications, popularly known as Paytm, has been under the scrutiny
Payments firm Flywire explores sale after receiving acquisition interest, sources say
By Milana Vinn NEW YORK (Reuters) - Flywire, a U.S. payments processor with a market value of $2.3 billion, is exploring a sale after attracting takeover interest, according to people familiar with the matter. Boston, Massachusetts-based Flywire is working with investment bankers
US to accelerate some payments to hospitals after UnitedHealth hack
By Michael Erman UnitedHealth hack: NEW YORK (Reuters) - The U.S. government said on Tuesday it will accelerate Medicare and Medicaid payments to some hospitals hurt by a hack at insurer UnitedHealth's technology unit Change Healthcare. The cyberattack on Change, disclosed on
Healthcare providers hit by frozen payments in ransomware outage
By Raphael Satter, Christopher Bing and Patrick Wingrove WASHINGTON (Reuters) - Healthcare providers across the United States are struggling to get paid following the week-long ransomware outage at a key tech unit of UnitedHealth Group, with some smaller providers saying they
India’s Paytm plunges 20% after RBI halts payments bank business
By Chris Thomas, Ira Dugal and Siddhi Nayak BENGALURU/MUMBAI (Reuters) - Indian digital payments firm Paytm lost a fifth of its market value on Thursday after the central bank ordered its payment bank subsidiary to halt its business, threatening the company's
AU10TIX Q3 global identity fraud report uncovers 56% surge in payment sector, correlated with unprecedented decline in crypto
AU10TIX, a global technology leader in identity verification and management, today released its Q3 2023 Global Identity Fraud Report. Drawing insights from millions of transactions processed across 249 countries from July to September 2023, the report uncovers significant trends in the
Britain sets out safeguards for accessing cash in digital age
By Huw Jones LONDON (Reuters) - Britain's banks and building societies should make sure customers can still access cash before closing a branch as more financial services move online, the country's markets regulator proposed on Thursday. The Financial Conduct Authority (FCA) said
Thailand, Hong Kong launch cross-border QR payments
By Chayut Setboonsarng BANGKOK (Reuters) - Thailand's central bank and the Hong Kong Monetary Authority on Monday launched a link for cross-border QR payments, they said in a joint statement. "Through this linkage, travellers from Thailand and Hong Kong will be able
Ferrari to accept crypto as payment for its cars in the US
By Giulio Piovaccari MILAN (Reuters) - Ferrari has started to accept payment in cryptocurrency for its luxury sports cars in the U.S. and will extend the scheme to Europe following requests from its wealthy customers, its marketing and commercial chief told