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Lakala
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Summary
location iconBeijing, China
company sizeCompany size: 501-1000

Lakala is a company providing financial services. It operates a financial technology platform offering offline and online e-payment services. The Company specializes in a third-party mobile payment and offers services for credit card repayment and utility payment transactions. 

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Digital Services
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Lakala - Recent News & Articles

Mastercard to Cut 3% of Workforce Amid Previously Announced Reorganization

Mastercard reportedly plans to lay off 3% of its global workforce — about 1,000 people — as part of a reorganization it announced earlier this year. M...

Source: PYMNTS
One Year Since the FedNow Launch: What You Should Know

Launched in July 2023, the Federal Reserve's FedNow service has been a game-changer in the U.S. payments landscape. With over 900 financial institutio...

Source: Finextra
Apple kills off its buy-now-pay-later service barely a year after launch

Apple is discontinuing its buy-now-pay-later service, known as Apple Pay Later, barely a year after its initial launch in the U.S., and will rely on c...

Source: MarketWatch
CFPB says buy now, pay later firms must comply with U.S. credit card laws

The Consumer Financial Protection Bureau declared on Wednesday that customers of the burgeoning buy now, pay later industry have the same federal prot...

Source: CNBC
Fed courts nonbanks for FedNow growth

The Federal Reserve is stressing the importance of fintechs and core providers for the future expansion of its new instant payments system FedNow. The...

How FedNow is Shaping Payments Since its Groundbreaking Launch

In the six months following its groundbreaking launch in July 2023, FedNow has emerged as a transformative force in real-time payments, marking a sign...

Source: Finextra
Hindenburg’s latest short target Temenos rejects allegations as share price tumbles

Temenos shares were down over 6% on Friday after closing over 28% lower on Thursday. The Swiss software company said its board of directors “fundament...

Source: CNBC
Brex axes 20% of staff

Corporate spend management giant Brex has laid off 282 people (20% of its workforce) and revealed that its COO and CTO are leaving their roles.In a me...

Source: Finextra
Worldline shares halve on depressed outloook

Shares in payment service provider Worldline slipped by more than half after the vendor warned of a deteriorating outlook for sales and the terminatio...

Source: Finextra
FedNow Has Launched As Blockchain Innovation Delivers Next-Gen Instant Payments

The U.S. Federal Reserve launched FedNow in July, the first government real-time payment system in the U.S. The service allows banks and credit unions...

Source: Forbes