All articles by Vidya Sagar Maddela
Vidya Sagar Maddela
Commonwealth Bank partners with Queensland Government
Commonwealth Bank partners with Queensland Government to deliver Whole of Government banking and payment services, building on a 30-year partnership.
Visa, JP Morgan Payments partner to enable faster money transfers in US
The collaboration aims to enhance merchant experiences, empower cardholders, and drive innovation for JP Morgan Payments’ customers, by using Visa Direct, including its Push to Card payment rail that enables fast and secure money transfer
ICICI Bank enables NRI customers to use international mobile number to make UPI payments in India
NRI customers residing in 10 countries can pay utility bills and merchants in India through iMobile Pay
Red Hat Collaborates with Lloyds Banking Group
Lloyds Banking Group’s Open Source Program Office collaborates with Red Hat to adopt InnerSource practices for greater collaboration and faster innovation
SVB Financial to divest its venture capital business SVB Capital
A newly created entity will acquire SVB Capital for an unknown amount, comprising cash and other economic considerations, and will be supported by Brookfield and Sequoia Heritage
ING reports Q1 2024 net income of €1.57bn, to buyback €2.5bn shares
The Dutch lender reported operating expenses of €3.03bn for Q1 2024, a 1% decline compared to €3.07bn, and profit before tax of €2.29bn for Q1 2024, a 2% decrease compared to €2.34bn for the same quarter the previous year
NPCI International Partners with Bank of Namibia for Deploying India’s UPI Stack in Namibia
Once live, the platform will facilitate digital transactions in Namibia, driving financial inclusion and reducing cash dependency by catering to underserved populations.
Tide set to launch business accounts in Germany with Adyen
Tide will soon offer cost-effective and efficient business accounts to small businesses lacking a finance function
Mastercard reports 28% increase in Q1 2024 net income to $3bn
The US-based payment card services provider reported net revenue of $6.3bn for the first quarter of 2024, a 10% increase compared to $5.7bn for the same quarter the previous year
CBA completes sale of PT Bank Commonwealth
The divestment of Commonwealth Bank’s 99% shareholding in its Indonesian banking subsidiary to OCBC Indonesia has been completed.