China is crazy for crustaceans: The country imports more than $100M worth of them from the U.S. each year. But with the growing appetite and booming business has come cross-border receivables pain. In the latest X-Border Receivables Report, Stephanie Nadeau, owner of The Lobster Company,...
Ripple, the blockchain payments technology company, announced Wednesday (Feb. 14) that it has inked a deal with the Saudi Arabian Monetary Authority (SAMA), enabling banks in the Kingdom of Saudi Arabia to work with its cross-border payments technology. Get the Full Story Complete the form...
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Investors worldwide got quite a scare from India’s Punjab National Bank (PNB) with the announced discovery of $1.8 billion in fraudulent activity at one of its branches, according to Reuters reports. The bank said in a statement that “a few select account holders” appear to have...
UAE Exchange, one of the largest payment providers in the Middle East, announced that it has signed a deal with Ripple to join its blockchain for cross-border payments. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The Winter Olympics are in full swing in Pyeongchang, South Korea. Opening ceremonies took place Friday night, local time (early Friday morning for the U.S.) as athletes and spectators from 92 nations came together to kick off the two-and-a-half-week Games. Events will continue through Feb....
Two proposed bills that would keep China from obtaining sophisticated U.S. technology might be revised after complaints from major American companies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Ant Financial — parent firm of Alipay — is reportedly gearing up for a $5 billion equity funding round that could inflate its valuation all the way to $100 billion. Said fundraising would also bring the financial services company, which is still 1/3 owned by...
Who said the future is in the cards? Whoever it was clearly had not heard of the term “financial inclusion.” In Latin America, among others, the future of payments is neither in the cards nor in the cash — but in the digital payments ecosystem....
