As consumer debt levels in the U.K. are on the rise and debt collection groups are reportedly not paying voluntary contributions, providers of debt advice say they don’t have enough resources to keep up with demand. Official figures are suggesting that more than two million...
About a year after the government of Mexico signed a deal with Alibaba to help businesses sell goods online, an official with a trade group says that the effort needs many more businesses to be successful. While 24 companies have been currently approved for Alibaba,...
To help stimulate credit flows to local governments and companies, The People’s Bank of China has injected 149 billion renminbi – or $22 billion – into the banking system. The government made the move on Friday (Aug. 24) by making loans to commercial banks, Financial...
Welcome to The Axis, your late look at payments news from around the world. Coverage includes Silk Way Bank’s launch of a new project for cashless payments. In addition, China’s Alipay is working to step up efforts to monitor its platform for peer-to-peer crypto trading transactions,...
The banking and insurance regulator in China issued changes to existing rules on Thursday (August 23) that will enable more foreign investments in the financial industry of the country. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
A broken link in the global supply chain can have a wide-reaching domino effect. The new Global Payments Architecture Report explores the payment difficulties that companies face in keeping the global supply chain well-oiled and running — especially over that last mile of payment. Dabbawalla...
Britons residing in the European Union (EU) may no longer have access to bank account services and businesses in the EU if a non-deal Brexit were to occur. Citing the British government, Reuters reported documents laying out a plan. Get the Full Story Complete the...
Welcome to The Axis, your late look at payments news from around the world. Coverage includes ThinkSmart Europe Limited‘s sale of ClearPay shares to Australia’s Afterpay Touch Group Limited. In addition, The Financial Conduct Authority (FCA) has given U.K.-based Wirex an eMoney license, and the Sainsbury’s supermarket...
Digital tokens have had a hard time of it, but in recent cross-border news, Ripple is helping XRP and xRapid make inroads in remittances. Plus, a bit of saber rattling comes from Europe on payments systems, and Chinese tourists may find it a bit easier to...
