EU leaders are getting ready to initiate a consultation on its Digital Services Act after pausing it in the wake of the coronavirus pandemic, the Financial Times (FT) reported on Monday (April 27), citing a source with knowledge of the discussions. Get the Full Story...
Two African startups backed by Goldman Sachs — the eCommerce platform Jumia and the B2B AgTech startup Twiga Foods — have teamed for produce delivery in Kenya. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Money transfer firm Western Union has further expanded its global network for real-time payments and transfers to 50 additional countries when paid into certain banks and digital wallets. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The world remittance fall-off anticipated because of the coronavirus pandemic could have serious effects for numerous countries, according to a Financial Times report that cited the World Bank. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Europe’s $849 billion annual tourist industry is taking a beating as visitors heed stay-at-home orders around the globe amid the COVID-19 pandemic. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
The FinTech company SoFi is making its first leap to go global with a big move into Hong Kong. The opening of a Hong Kong outpost is part of SoFi’s bid to acquire online brokerage firm 8 Securities, while expanding its business and serving up...
What will the ripple effects be for retailers (in the U.S. and around the globe) as China’s economy shrinks? 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...
After reaching its highest level in eight years in February, consumer inflation in China lessened last month. The country’s consumer price index increased 4.3 percent in March compared to the same time last year, the Financial Times reported, citing the National Bureau of Statistics of China. Get...
Making cross-border payments work — across currencies and across time zones — is no easy task. 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...