Ant Group may not see progress on its application for a license from China until the second half of the year or later. The Chinese FinTech aims to obtain a financial holding company license and become a fully regulated company, but its efforts have been...
British consumers are feeling more optimistic about inflation. Consumers said in April that they expect inflation to be 5.2% a year from now, a figure that was lower than the 5.4% they said they expected in March, Reuters reported Monday (May 1), citing a survey...
China is reportedly seeing a sharp increase in post-COVID travel and consumer activity. A Sunday (April 30) report by Bloomberg News, citing data from local media and the government, said that 19.7 million rail trips were made in China on Saturday (April 29), the first...
Payment platform dLocal has debuted a new “all-in-one” tool for online businesses. dLocal for Platforms lets dLocal onboard sellers, service providers or contractors to the platform, while dLocal verifies them before paying out, according to a Thursday (April 13) press release. “Everyone selling their services...
As China comes back online and adjoining markets like Hong Kong and nearby Singapore also reawaken from a COVID-induced slumber, that part of the world is hungry for digital innovation in payments and fraud prevention, creating an opening for platform players and their solutions. One...
Uber is upping its aid to Ukraine as the country’s war with Russia enters its second year. The ride hailing/delivery company announced Wednesday (Feb. 22) it had expanded its partnership with Ukrainian President Volodymyr Zelenskyy’s donations platform UNITED24 to help raise money for ambulances for...
Latin America is in the midst of a historical digital commerce boom. The region’s market of small- to mid-sized businesses and professionals that offer digital services has grown rapidly, and this transformation is also reshaping the LatAm payments space. This digital growth represents a massive...
Consumers in China are reportedly reining in spending and borrowing less due to economic uncertainty. Chinese consumers borrowed the equivalent of $564 billion last year, a more than 50% drop from 2021 and the lowest level in eight years, The Wall Street Journal (WSJ) reported...
Nigeria is having a tough time switching over to some new paper currency. The Financial Times (FT) reported Friday (Feb. 3) that a shortage of the new bills has led to long lines at banks and ATMs, fights, limits placed on withdrawals, closed bank branches and a...
