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

PYMNTS

Ant Group, the online payment service affiliate of China’s Alibaba Group Holding Ltd, is looking to go public as early as this year, Reuters reported. . If the IPO moves ahead, one of the sources said it would be one of the world’s biggest listings this year. Ant Group was launched in 2014 to provide global financial services.

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PayPal Sells Consumer Loans to Long-Time Partner Synchrony Financial

Bank Innovation

Synchrony Bank has been PayPal’s banking partner since 2004. Yesterday, the San Jose, Calif-based PayPal said it agreed to sell $5.8 billion in consumer credit receivables to Stamford, Conn-based Synchrony Bank, a unit of Synchrony Financial. In addition to selling its credit […].

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OnDeck Eyes Equipment Finance Loans For SMBs

PYMNTS

Online small business lender OnDeck has announced that it will offer equipment finance loans to select U.S. “We expect OnDeck equipment finance loans to quickly become a vital source of online financing for small business owners seeking simple, transparent equipment financing they can understand and utilize.” ”

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PSCU Credit Unions See Boost In Sales During Prime Day

PYMNTS

Founded in 2004, PSCU’s Advisors Plus offers consulting services for credit unions to help growth and achieve financial and business goals. Amazon Prime Day is an exceptionally visible event with broad marketability — and it gets bigger every year.

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Ant Financial Buys WorldFirst In $700M Deal

PYMNTS

Since launching in 2004, the publication noted that the company has transferred $90 billion for customers. The tie-up will add WorldFirst ’s international online payments and virtual account products to Alipay’s range of technology solutions,” an Ant Financial spokesperson told the outlet, without providing details about the deal.

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Singapore Enterprise Buys TGI Friday’s; Capgemini Acquires Altran 

PYMNTS

Universal Success operates Outback Steakhouse restaurants in Southeast Asia, including Malaysia, Singapore and the Philippines. Universal Success Enterprises was founded by Prasoon Mukherjee in 2000 and started investing in India in 2004 with the creation of Kolkata West International City, a 377-acre township in Howrah.

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The banks serving active duty personnel

Independent Banker

Community banks operate on a majority of the country’s military installations. Community banks comprise more than two-thirds of the 66 banks operating on U.S. Borrowers apply online and can go from application to cash in their checking account in as little as four minutes. Photo by: Dero Sanford. By Judith Sears.

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