Add “social credit” to the list of factors that could influence the Chinese economy — and, perhaps, consumer activity in other parts of the world. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Five of the biggest banks in the Nordics are teaming up to create a joint anti-money laundering infrastructure. 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...
In 2016, 95 percent of transactions in India were done in cash and there were approximately 60 million online shoppers, representing about 14 percent of the nation’s internet-using base, according to a late 2017 report by Morgan Stanley. Get the Full Story Complete the form to...
A former partner and part-owner of Mexico’s InvestaBank SA has pleaded guilty to a U.S. charge that he fraudulently obtained $21 million in tax refunds from the Mexican government. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
In response to an increase of Chinese acquisitions of European rivals, the European Parliament’s international trade committee has approved a proposal calling for greater scrutiny of foreign investments. According to Reuters, the committee voted to extend the list of “critical sectors” that would prompt EU...
Though critics are saying Venezuela’s monetary overhaul will create chaos, the country’s president warned businesses not to slow operations during next week’s overhaul. According to Reuters, “Socialist President Nicolás Maduro announced in March that the bolivar currency would be redenominated on June 4” in an...
Payments via Facebook‘s WhatsApp are on the very brink of launching, according to recent reports. As early as next week, pay via WhatsApp might be up and ready to go for the whole of India, potentially putting the service in the hands of up to...
To make sure they can compete with the United States and China, France and Germany want an EU-wide initiative that will fund innovation and research in tech startup projects across the region. Get the Full Story Complete the form to unlock this article and enjoy...
After reports of money laundering caused lenders in Estonia and Latvia to close, police said on Friday (May 25) that more than $13 billion (or about €11 billion) was laundered through banks in Estonia between 2012 and 2016. Much of the money was reportedly laundered...
