Cross-border Payments

Cross-border Payments
Commerce Department Tightens Reins On Huawei
August 17, 2020

The U.S. Department of Commerce (DOC) has doubled down its prohibition against Huawei Technologies Co.’s purchase of  technology and software from U.S companies, alleging it undermines the nation’s security and foreign policy interests. Get the Full Story Complete the form to unlock this article and...

Cross-border Payments
European Insurance Giants See Share Prices Swoon From COVID-19
August 17, 2020

The stock prices of Europe’s big commercial insurers are taking it on the chin as claims mount amid the coronavirus pandemic. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Cross-border Payments
Pakistan Cites New Transfer Rules In Remittances Boost
August 17, 2020

In a rare instance of COVID-19 helping a country’ s economy, Pakistan saw a significant uptick in remittances from nationals working overseas in July. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Cross-border Payments
Alibaba’s Ant Group Files Preliminary IPO Docs
August 14, 2020

Ahead of an intended initial public offering (IPO), Alibaba Group Holding’s Ant Group has conducted a preliminary filing with the securities watchdog of China, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Cross-border Payments
China’s Retail Sales Of Consumer Goods Drop 1.1 Pct YOY
August 14, 2020

July retail sales of consumer goods dropped 1.1 percent year on year to arrive at 3,220.3 billion yuan, the National Bureau of Statistics of China reported on Friday (Aug. 14) in a statement. Get the Full Story Complete the form to unlock this article and...

Europe
COVID Hits UK Economy Harder Than Other Developed Economies
August 12, 2020

The impact of the coronavirus in Europe hit the United Kingdom (U.K.) especially hard. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...

Cross-border Payments
Mnuchin: Trump Is Serious About Action Against TikTok
August 10, 2020

Treasury Secretary Steven Mnuchin has come out against social media video-sharing app TikTok, saying in a CNBC interview on Monday (Aug. 10) that President Trump has decided it cannot be allowed to go on as it has been. Get the Full Story Complete the form...

Cross-border Payments
Pandemic Drives Growth In Global Digital Remittances
August 10, 2020

No matter where you look, the pandemic has put up serious barriers to economic growth – and at the same time, has forced business models to pivot from in-person, face-to-face interactions toward digital offerings. Get the Full Story Complete the form to unlock this article...

Cross-border Payments
Chinese Firms Scramble To Beat New US IPO Rules
August 10, 2020

Chinese companies are rushing to launch U.S. initial public offerings (IPOs) before newly proposed rules that would expose the companies’ audits to scrutiny by American regulators can take effect, Nikkei Asian Review reported Monday (Aug. 10). Get the Full Story Complete the form to unlock...