Worldline is a work in progress. That was investors’ verdict on the 16 billion euro French payments group after it set out growth targets on Wednesday. The company led by Chief Executive Gilles Grapinet has become a major European player by swallowing up rivals. Now it’s promising annual revenue growth of 9% to 11% over the next 3 years. By 2024 it expects to convert almost 30% of its top line into operating margin before depreciation and amortisation (OMDA) – a measure like EBITDA – from a pro forma 23% last year.
Indian digital payments leader Paytm has boosted the size of its initial public offering to 183 billion rupees ($2.44 billion) from 166 billion rupees, as existing shareholders look to sell more stake ahead of the country's largest stock market listing.
Robinhood Markets Inc'sshares fell below their initial public offering price in after-hours trading on Tuesday after the retail broker reported softer revenue than expected for the third quarter as trading levels declined for cryptocurrencies like dogecoin.
Nigeria on Monday became the first African nation to launch a digital currency - the eNaira - a move its leaders said will expand access to banking, enable more remittances and even grow the economy by billions of dollars.
Cryptocurrency products and funds had record inflows last week to the tune of $1.5 billion, their 10th straight week of investments, as optimism soared with the trading of bitcoin exchange traded funds, a report from digital asset manager CoinShares showed on Monday.