Asia

Mastercard has named longtime exec Rama Sridhar to the newly created role of executive vice president, digital and emerging partnerships for the Asia Pacific region.

Tencent Holdings Ltd. is planning to spin off its e-book business as it boosts spending on payments and content to lure users and keep them glued to its WeChat service.

Ingenico ePayments, the online and mobile commerce division of France's Ingenico, has signed an agreement with Air China to accept Discover Card payments in North America, a key market for the Beijing-based airline, with plans to expand to other regions later this year.

Chillr, one of India’s growing number of mobile payment apps enabling person-to-person payments between customers of different banks, is expanding to 45 banks in the country.

Flipkart Online Services Pvt has completed a $1 billion fundraising and aims to raise as much as $1 billion more over the next few months, according to people familiar with the matter, giving India’s largest e-commerce company capital to battle back against rising competition.

Paytm, the Indian mobile payments startup backed by Alibaba Group Holding Ltd., has begun its global expansion by launching a mobile bill and tax payment service in Canada.

Operating from Kansas, payments processor Euronet Worldwide has been working furiously—and quietly—on a way to disrupt China-based Ant Financial's deal to buy Dallas-based MoneyGram ever since news broke in January.

A new cap on credit-card transaction fees that comes into force on July 1 means there’ll be less revenue available to fund lavish award programs.

Square Inc. has just scored its oldest customer ever — a 1,200-year-old Buddhist temple in central Japan.

Chinese financial-technology investments this year may exceed 2016’s record $10 billion as companies continue to raise funds for expansion and big banks grow their digital services, according to Accenture Plc.