China has taken over as the world’s largest logistics market, spending a whopping 12.1 trillion yuan (US$1.76 trillion) in logistics costs last year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Chinese telecommunications and technology company Huawei has another obstacle in its continuing troubles lately as two huge banks cut ties with it, according to The Wall Street Journal. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Promsvyazbank, the Russian state bank that was hit by sanctions by the U.S., has lowered its security deposits that go to Visa and Mastercard, reported RT.com. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
France, which had vowed to start taxing Google, Apple, Facebook, and Amazon in December if the European Union failed to agree on a digital tax, now says the tax will be implemented on January 1. Get the Full Story Complete the form to unlock this...
Middle East-based ride-hailing company Careem is expanding its business into a delivery service, a tech outlet reported. 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...
Welcome to The Axis, your late look at payments news from around the world. Coverage includes Network International’s rollout of Google Pay acceptance in the United Arab Emirates. In addition, De Lijn has chosen Conduent Transportation for a new fare collection system in Belgium, and U.K....
Payments have been a pain point throughout the evolution of merchants. As commerce globalizes, merchants are left wondering whether they have the payment methods that people want to use through digital channels, while also facing the sheer magnitude of declines. “Merchants have problems with payments...
U.K. retailers are warning of a bad holiday shopping season. Mike Ashley, head of the Sports Direct chain, warned that the situation is dire, with lackluster sales unexpected for many retailers. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
UAE Exchange, the United Arab Emirates-based company, and Ripple, the blockchain technology company based in the U.S., are gearing up to launch cross-border remittances to Asia using blockchain technology. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
