Google’s former CEO told Congress there is an urgent need to increase the pace of technology innovation to keep up with China. The threat of China’s swift advancements in technology is “very, very real,” said Eric Schmidt, The Washington Post reported Wednesday (Feb. 24). Get the...
The southwestern Chinese city of Chengdu will give out over $6 million in the latest test drive of the central bank’s digital currency, CNBC reported. Earlier this month, China’s central bank said it was handing out $1.5 million in digital yuan to 50,000 Beijing residents. Get...
In today’s top payments news around the world, Zomato has landed an additional $250 million from existing and new investors, while Tyme plans to expand its online bank for the underserved into Asia and Southeast Asia. Plus, telecommunications services provider Bharti Airtel is teaming with...
The People’s Bank of China and the Central Bank of the United Arab Emirates are now joining the second phase of the initiative formerly known as Project Inthanon-LionRock, which is working on a central bank digital currency (CBDC) for cross-border payments, a press release says....
Businesses in the United Kingdom in sectors ranging from pet food to financial services and retail are grappling with challenges stemming from the pandemic and Brexit. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
England’s lockdowns could be easing up soon with a new four-step plan, according to a BBC report. 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...
In today’s top payments news around the world, Mastercard and ACI Worldwide are teaming to advance real-time payments in Peru, while TransferWise is changing its name to Wise. Plus, UK Finance is looking at international expansion for financial services in the country. Get the Full...
Mastercard and ACI Worldwide are teaming up to advance real-time payments in Peru in collaboration with Cámara de Compensación Electrónica (CCE). “The volume of immediate transfers that we process each month has more than quadrupled. In January 2020, we processed 580,000, a number that increased...
The trade group UK Finance “has set out proposals to place the financial services industry at the heart of the U.K.’s post-COVID-19 economic recovery, with an ambitious strategy to boost U.K. exports of financial services,” per a news release. Get the Full Story Complete the...
