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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.

Crypto

Hanwha Investment & Securities to invest 10 billion won in digital asset platform Xangle

Hanwha Investment & Securities said on Thursday it completed a strategic investment worth 10 billion won in Xangle, a blockchain-based digital asset data platform. Xangle provides digital asset prices, research and on-chain data using data infrastructure and a global research network. The platform connects financial institutions at home and abroad with the web3 ecosystem. Hanwha said the investment will deepen cooperation between the two companies.