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Finance

Google gains global payments clout as Korean financial groups step up growth industry support

Big Tech companies are pushing deeper into fintech, but results vary. Google has secured more than 150 million Google Pay users mainly in India and the United States, while Meta has yet to show clear traction since its Diem cryptocurrency project stalled. PayPal is moving to expand into AI and commerce, including a planned acquisition. In South Korea, financial groups and banks are rolling out funds, startup support and partnerships to back AI and other growth areas.

Finance

PayPal to buy fintech startup Cymbio to boost AI commerce expansion

PayPal will acquire Tel Aviv-based fintech startup Cymbio, FinTech Futures reported on Jan. 26. The deal value was not disclosed and is expected to close in the first half of 2026. Founded in 2015, Cymbio operates a multi-channel orchestration platform that automates product sales across online marketplaces, retail and social commerce channels. It also automates inventory management, order processing, billing and settlement, the company said.