Kenyan bank Equity Group’s fintech business Finserve is betting on a new payment platform for customers and businesses across East and Central Africa to tap into the region’s e-commerce and remittances markets.
Liberal U.S. Supreme Court justices on Monday sharply questioned American Express over restrictions the company places on merchants, which several states and the Trump administration claim violate federal antitrust law.
China is pressing foreign payment card companies to form local joint ventures for onshore operations, said three people familiar with the matter, a move that would counter Beijing's pledge to the US on market access.
A 14 billion pound ($18 billion) class action lawsuit against MasterCard for allegedly overcharging more than 45 million people in Britain over a 16-year period was blocked by a British court on Friday.
U.S.-based payment card companies, including AmEx, MasterCard and Visa, are preparing to submit license requests to operate in China within months, according to three people with direct knowledge of the matter.