A report by the Multilateral Investment Fund “Remittances to Latin America and the Caribbean in 2013: Still Below Pre-Crisis Levels” shows there were USD 61.3 Bn in remittances to LatAm in 2013, flat from a year before and less than the USD 64.9 Bn sent...
My Mobile Payments Limited (MMPL), which operates the m-money service Money On Mobile, acquired a significant stake in the Mumbai-based OSS India for an undisclosed amount. The funds will be used to bring financial support to OSS India to relaunch the service. Get the Full...
Twenty companies applied for access to PBOC personal credit information database, as it’s a requisite for operations with personal financial information reports Caixin. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Better late than never. That adage might be true in certain scenarios, but not when it comes to small-to-medium-sized enterprises (SMEs) in Ireland making invoice payments. Research shows that not only are the majority of invoice payments late, but also that late or unpaid bills...
Barclays Bank has signed a partnership with Airtel to provide a bulk m-payment solution for the bank’s corporate customers in Uganda. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
GoSimpel is an Indian m-payment app set to launch soon, which lets the users make payments through payment cards, instead of cash, to the food ordered on delivery; without the need of any separate device or gadget. Get the Full Story Complete the form to...
Chang Chew Soon, founder and CEO of Malaysia-based mobile card payment solution Soft Space, whose core product is an m-POS, explained the success of his company in South East Asia. He says that although smartphone penetration in some countries is not high, absolute numbers of...
A report by the UK Card Association shows that 74.5% of retail volume transactions (GBP 520 Bn) in UK were made using payment cards in 2013 vs. 46.5% in 2003. At the same time outstanding credit card debt was reduced to GBP 56.4 Bn vs....
Ping An Group, one of the largest insurance players in China, invested USD 5 M in USD-30m-fourth-round financing of Payoneer, an online payments firm that facilitates cross-border payments. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...