The Hong Kong Monetary Authority (HKMA) said in a press release Tuesday (June 8) it wants to make sure Hong Kong is ready to issue wholesale and retail central bank digital currencies (CBDCs) as part of its larger FinTech 2025 strategy. Get the Full Story...
Whether it is a multinational making payments to strategic suppliers or a business making payments to gig workers, the globalization of trade, and the massive shift to digital over the last 18 months have amplified the need to streamline the way that money moves between...
In today’s top payments news around the world, Flink has notched $240 million from a Series A funding round, while Shanghai will reportedly conduct a raffle to give residents the chance to win crypto. Plus, the European Union is introducing plans for a digital identification...
Is Singapore poised to become Asia’s Silicon Valley? It might, if Sopnendu Mohanty, the Monetary Authority of Singapore’s (MAS) chief FinTech officer, has anything to say about it. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
What Winston Churchill was first to call “the special relationship” between the U.S. and the U.K. remains handy phraseology for the dealings of these nations, especially in the finance arena. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
The great digital shift has been a rising tide that has lifted all forms of eCommerce — especially cross-border. Ben Fochs, VP of strategy at Digital River, told PYMNTS that cross-border transactions as a percentage of total retail sales have been steadily increasing. Get the...
In today’s top payments news around the world, Urban Company has raised $255 million in a Series F funding round, while Divido has notched $30 million in venture funding. Plus, Yooz launched its new Yooz Rising automated accounts payable (AP) offering in Ireland. Get the Full...
The European Union (EU) is revealing plans for a digital identification wallet that the 450 million residents of the 27-nation bloc can use to access public services and store important identification documentation. Get the Full Story Complete the form to unlock this article and enjoy...
Jack Ma’s Ant Group was given the go-ahead to start operations at its consumer finance company — Chongqing Ant Consumer Finance Co. — after being forced to restructure its business after its record-breaking dual public listing was halted last year by Chinese regulators. Get the...
