Ant Financial — the finance affiliate of Alibaba Group Holding Ltd. — is eyeing an IPO on Shanghai’s main board for some time later this year, according to reports. The public offering could be China’s largest since 2010, according to two people familiar with the matter. Get the Full...
A new remittance service being rolled out by MasterCard, Western Union, bKash and BRAC aims to open up financial inclusion to 22 million Bangladeshis. Barb King, MasterCard’s SVP of P2P segment, tells PYMNTS how it works, and what might lie in the future.
Consumers, of course, who value convenience as measured by multiple languages and currencies on merchant sites. The April edition of the PYMNTS X-Border Payments Optimization Tracker™ digs into the results of a recent PayPal study that confirms what the last three quarters of the X-Border...
Deutsche Bank suffered from a “systemic” failure in its internal controls that were set up to stymie money laundering — a discovery that occurred more than two years ago, Bloomberg reported on Thursday (April 14). Get the Full Story Complete the form to unlock this article and...
Flywire is heading east as it looks into further expanding its market to universities that are increasingly admitting international students at a higher rate. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
In China, the nation’s General Administration of Customs said it will cancel the parcel tax that has historically applied to cross-border eCommerce. The cancellation of that tax takes its place as an effort to level the playing field, competitively, between online platforms and their brick-and-mortar...
International demand for foreign products and services continues to expand. A recent PayPal study, which focused on the x-border strategies of U.S. businesses and corroborated the Q1 PYMNTS.com X-Border Payments Optimization Index, reported that consumers value their time and money over all other factors. Now, more...
PayPal is launching PayPal Credit today in the U.K., which means, going forward, British consumers will have the option of leveraging a PayPal account to pay for goods over time instead of using a traditional credit card. Get the Full Story Complete the form to...
Alibaba and its financial affiliate, Ant Financial, are betting big on the food delivery service. 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,...
