At the same time that China is reportedly gearing up to shut down bitcoin exchanges in the country, Russia is moving to regulate the burgeoning cryptocurrency market. According to a news report in Reuters, Russia’s Finance Minister, Anton Siluanov, said late last week that it...
Digital currency is becoming one of the more pervasive forces pushing its way into all industries. As cryptocurrencies like bitcoin, Bitcoin Cash and Ethereum become more popular, governments around the world are trying their best to figure out what the next best steps are in...
Moneytis, the FinTech startup, has created a platform to help consumers find the cheapest foreign exchange services and send money seamlessly, taking a page from travel aggregator websites like Booking.com and Expedia. According to a news report in TechCrunch, Moneytis’ platform is straightforward, making it...
People don’t write a check to pay for their dinner, movie tickets or groceries, so why are they still writing them for charitable giving? PYMNTS CEO Karen Webster has volunteered at a few charity fundraisers in her day, and the call to action at the...
The Monetary Authority of Singapore (MAS) has announced news of the creation of a Payments Council that will work to promote ePayments in the country. According to OpenGov, the Payments Council — made up of 20 leaders from banks, payment service providers, businesses and trade...
Paytm is planning to launch a messaging service by the end of August to compete with Facebook Inc’s WhatsApp. According to Reuters, an unnamed source said that Paytm, which is backed by Japan’s SoftBank and China’s Alibaba, wants to attract people in India to use...
Rivals Visa and PayPal have shaken hands over a joint plan to issue debit cards in Europe. The truce stands to benefit merchants most of all, as it will expand their ability to use their PayPal funds to support business expenses and unlock new possibilities...
Using physical cash to pay for items has slowly become a rarity over the past decade. With the advances in digital payments, people are turning more and more to credit cards, digital wallets and more to process transactions. In one of its latest partnerships, global...
Once upon a time, merchants had direct contractual agreements with the acquirers who signed them up to accept payments. The process was time-consuming, expensive and didn’t always come out the other end with a merchant account. To expand and scale the business, acquirers realized that...
