MoneyGram International Inc

Western Union (NYSE:WU) stock rose 6.2% in pre-market trading at 5:38 AM ET today. The company plans to acquire MoneyGram International (NYSE:MGI).

Alibaba isn’t standing by and watching the coronavirus roil its business. The company plans to boost its retail sales during this difficult time.

TikTok is giving Facebook a headache as it poaches its executives and courts its advertisers. The Pentagon could help Facebook keep TikTok in check.

Congress’s interest in potential foreign government ties with apps operating in the US comes amid concerns about popular Chinese social app TikTok.

While PayPal’s (PYPL) Venmo has been crushing its competition, PayPal recently launched Xoom’s
digital remittance service in 32 European markets.

On June 18, US social media giant Facebook (FB) revealed the details of its upcoming cryptocurrency, Libra. The company has formed a financial services subsidiary called Calibra to allow people to transact using Libra. In simple terms, Calibra is Facebook’s new digital wallet.

Today at 8:55 AM ET, MoneyGram International (MGI) stock had soared by over 155% for the day to $3.70 in the premarket session. These massive gains came after the company announced its strategic partnership with blockchain company Ripple.

There’s one major market in which PayPal has thus far avoided a direct challenge from Square.

Early this month, PayPal (PYPL) raised the upper limit of the amount customers can send through its global remittance service, Xoom.

Part of Walgreen’s (WBA) ongoing digital transformation involves making shopping more convenient for its customers.

Alibaba’s (BABA) Ant Financial has confirmed its plans to acquire WorldFirst, a British money transfer and currency exchange firm.

Alibaba’s (BABA) Ant Financial learned a lesson when the United States blocked it from acquiring MoneyGram (MGI) a year ago.

Alibaba’s (BABA) Ant Financial subsidiary is in talks to acquire British payment company WorldFirst, Sky News has reported.

PayPal (PYPL) is gearing up to report its fourth-quarter earnings results after recently launching its international money transfer service, Xoom, in Canada.

Facebook (FB) is quietly developing a type of digital currency that will let people transfer money through its WhatsApp messaging platform.

PayPal (PYPL) has introduced its international money transfer service, Xoom, in Canada.

Ant Financial caused Alibaba (BABA) a $132 million loss in the second quarter of fiscal 2019.

Hackers broke into the accounts of Alipay users and made off with an unknown amount of cash, according to Bloomberg.

As more people embrace gig work, their payment preferences are also changing, and that’s good news for PayPal (PYPL).

Visa (V) is making efforts to stay ahead in the payment industry, which is experiencing tremendous growth.

The digital payment industry has continued to attract more players, resulting in more competition, particularly for market leaders like PayPal (PYPL).

Alibaba’s Alipay is China’s top mobile payment service, followed by Tencent’s (TCEHY) WeChat Pay.

China recently cleared JD.com (JD) to purchase a large equity stake in the Chinese subsidiary of global insurance company Allianz SE.

The partnership with Uber to introduce Venmo as a payment option for riders is part of the efforts PayPal (PYPL) is making to both drive adoption of the mobile payment service and enlarge its monetization potential.

Alibaba’s (BABA) big news in early 2018 was that the Chinese e-commerce giant was swapping its profit share in Ant Financial for an equity stake in the business.

PayPal generated revenues of $3.7 billion in the first quarter, representing an increase of 24.0% year-over-year.

JD expects to invest $85.4 million for a 33.0% stake in Allianz China, making it the second-largest shareholder in the insurance company.

Alibaba (BABA) is scheduled to report its fiscal 4Q18 (calendar 1Q18) results amid reports that its finance-focused affiliate, Ant Financial, is seeking to raise at least $9.0 billion through private funding.

Alibaba (BABA) is gearing up to release its financial results for fiscal 4Q18 on May 4, before US trading begins.

Last month, Alibaba (BABA) led a funding round that raised $866 million for China-based bike-sharing company Ofo.

In selecting Tencent (TCEHY) as its preferred mobile payment provider in western China, Walmart (WMT) made a bold move against competitor Alibaba (BABA).

Zomato said in March 2018 that it had raised ~$200 million from Alibaba affiliate Ant Financial.

China to continue financial crackdown In 2018, China intends to improve supervision of its financial sector, according to an annual work report released recently by the country’s head of government, Li Keqiang. The report also included projections for growth and inflation in 2018, with China expecting its economy to expand ~6.5%. As part of China’s increasing […]

Chinese revenue increases 11% As China is the world’s second-largest economy and largest smartphone market, Apple’s (AAPL) performance in the country is of great interest to many investors. While discussing its fiscal 1Q18 (December quarter) results, Apple executives talked a great deal about the company’s Chinese business, highlighting progress in the country. In 1Q18, Apple […]

Alibaba is deepening ties with its Ant Financial roughly one month after US regulators blocked an attempt by Ant Financial to acquire MoneyGram.

JD recently teamed up with several investors to acquire a stake in Wanda Commercial Properties, which is the leading mall developer in China.

Alibaba (BABA) has had a disappointing year so far after the US government panel blocked its acquisition of money transfer company MoneyGram International (MGI) over national security concerns.

JD Finance partnered with ICBC (Industrial and Commercial Bank of China) to launch the ICBC Xiaobai digital bank in November. ICBC is China’s (MCHI) largest lender.

MoneyGram’s adjusted earnings per share of $0.27 rose from $0.15 in 2Q16 and topped the consensus estimate of $0.22.

PayPal (PYPL) has partnered with AliExpress, a marketplace owned by Alibaba (BABA). PayPal is helping merchants on AliExpress accept payment from international consumers.

Citcon, China Luxury Advisors (or CLA), and the Momentum Group (or TMG) have forged a partnership to enable North American traders to accept Alipay and WeChat Pay payments.

Alibaba (BABA) recently launched a version of its Alipay app in Hong Kong called AlipayHK. Alipay is operated by Alibaba’s payments arm, Ant Financial.

Speculations are swirling that Alibaba could be gearing up to split its payment unit, Ant Financial, into a stand-alone entity through an IPO.

PayPal (PYPL) recently participated in a funding round that raised $48.0 million for Viva Republic, the parent of Toss, the South Korean payment app.

JD.com recently moved to exit the digital payments business by divesting its stake in JD Finance, its payments unit.

Nineteen issuers came to market with an average ticket size of $728 million. This compares to 20 deals that hit the leveraged loan market the previous week, with the average ticket size of $750 million.