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Bain Capital Technology’s Bet On hey And Japan’s Digital Payments Shift

PYMNTS

The country was home to one of the world’s first mobile commerce innovations with the DotCoMo mobile wallet all the way back in 2004. And yet Japan remains a heavily cash-based economy, Darren Abrahamson , managing director of Bain Capital Tech Opportunities told Karen Webster.

Capital 214
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Banks and CDFIs: Partnering for community impact

Abrigo

Community Development Financial Institution (CDFI) loan funds help to promote healthy communities by providing early-stage credit, capital, and financial services to small businesses, affordable housing and community facilities developers, community organizations, and other types of borrowers. communities where capital tends to be scarce.

Community 246
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Report: Alibaba’s Ant Group Plans Hong Kong IPO At $200B+

PYMNTS

Based in Hangzhou, China, the company operates Alipay, an online payment service that debuted in 2004 and has evolved into the world’s largest payment and lifestyle platform, the company said. At the time, Credit Suisse and China International Capital Corp. Ant Group was launched in 2014 to provide global financial services.

Groups 175
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India Seizes Control Of Yes Bank, Plans Bailout

PYMNTS

The country’s biggest lender, The State Bank of India , will head a consortium to pump new capital into Yes Bank, which had been struggling to offset a surge in bad loans, Bloomberg reported, citing sources familiar with the matter. . Analysts are concerned the crisis could lead to strains in India’s broader financial system. . “It

ATM 169
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BoA Pledges $100 Million To Tory Burch Foundation For Women’s Business Loans

PYMNTS

Bank of America has pledged $100 million to the Tory Burch Foundation to make capital available to women in the business sector who might not otherwise have access to it, according to reports. I launched our business in 2004. I was incredibly fortunate — we were able to launch after a personal investment and one round of fundraising.

America 158
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Mobile Payments On Smartphones Soar In Japan

PYMNTS

Last month, PYMNTS reported Japan’s history of mobile payments progress dates back to 2004 when the DotCoMo mobile wallet was introduced, one of the world’s first mobile commerce innovations. Still, Japan remains a heavily cash-based economy, Darren Abrahamson , managing director of Bain Capital Tech Opportunities, told PYMNTS.

Mobile 201
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Virgin Galactic To Become First Listed Human Spaceflight Company

PYMNTS

Special-purpose acquisition company (SPAC) Social Capital Hedosophia Holdings Corp. The spaceflight company sees the arrangement as providing it with sufficient capital for funding until the time its spaceships have the ability to operate commercial and churn a profit.

Company 128