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...Or they are enabling secure electronic transactions at light speed around the globe. But there is a clear sense that scale matters in payments and there will be big winners who take all....
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...If Trump succeeds, one of the biggest winners will be Patrick Orlando, a Florida-based financial executive whose little-known firm, ARC Global Investments II LLC, put up $25,000 to buy a stake in the blank...
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...In Nexi’s home market of Italy, for example, electronic payments represent only 25 per cent of all transactions, and Rome has recently vowed to fight tax evasion by encouraging digital payments....
...He joins from BGC Partners where he was global head of the company’s electronic buyside fixed-income unit....
...Her first order of business: modernising for the post-Covid digital era and building out its custody and wealth management arms....
...“Google is rising to the occasion by trying to invest a fairly substantial amount in India’s digital transformation,” said Ravi Shankar Prasad, India’s electronics and information technology minister....
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...But when the dust settles, most will have joined LG’s watch phone on the digital scrapheap. richard.waters@ft.com...
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