The Brazilian Central Bank has floated a proposal that would let FinTechs lend money but which would also curtail them from taking deposits, as might be seen in a traditional commercial banking relationship, according to news by Reuters. Get the Full Story Complete the form to...
Historically, Airbnb hasn’t had the best rapport with the markets it enters (and disrupts). It has often found itself at odds with housing regulations and the interests of both legacy hoteliers and others in the hospitality space. Get the Full Story Complete the form to...
Remittances — cash payment into Mexico from expats living in the U.S. — are a national cash cow. In fact, remittances are the largest source of cash that comes into Mexico — and they may now be threatened by President Trump’s widely anticipated announcement of...
Facing some of the highest inflation in the world as part of a deepening ongoing financial crisis, Venezuela will be pulling its largest bill from circulation this week as it prepares to introduce new, higher value notes, according to President Nicolás Maduro. The current value of...
President Obama’s official state visit to Cuba marked the first time the top elected U.S. official had done so in nearly 90 years. Despite the time between trips, Air Force One still managed to navigate smoothly enough to and from its destination, and remarks by both...
German startup accelerator Rocket Internet is slimming down its food delivery business with the sale of four of its companies for about $140 million in cash. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Consumers in the developed world tend to think of their financial systems as complex, particularly as compared to the developing world. And while that is not an entirely incorrect perception, it might just be a little bit skewed. When it comes time to pay in...
Despite being worth over half-a-trillion dollars annually, remittances are an oddly invisible part of the payments ecosystem to most people — even those who otherwise know it quite well. We all might know that money may make the world go around, but what makes money...
Concerns over human and drug trafficking have led some big banks to make an extreme move in an attempt to avoid illegal money that is flowing over the border (or, more accurately, crawling under the border in dozens of long underground tunnels) and ending up...
