China’s yuan could become the world’s third-largest reserve currency in the foreseeable future due to increased foreign investment in Chinese companies, analysts at Morgan Stanley conclude in a report distributed Friday (Sept. 4) and cited by CNBC. Get the Full Story Complete the form to...
ByteDance, the Chinese firm that at least for now owns all of TikTok, has purchased a Chinese payments company, Reuters reported Friday (Sept. 4). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
SoftBank Group Corp. wants a piece of TikTok, the popular but controversial video-sharing app. 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, PYMNTS...
U.S. payments company Bottomline Technologies has announced it is now providing Confirmation of Payee (CoP) services to banks in the United Kingdom. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Business-to-business (B2B) cross-border payment provider TransferMate received the green light for a new payment license in Mexico, according to a Thursday (Sept. 3) announcement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Advertisers in Europe are taking a hit as Apple and Amazon join Google in passing along the cost of new taxes aimed at Big Tech by the United Kingdom and other European governments. Get the Full Story Complete the form to unlock this article and...
Chinese consumers who have the money to spend are doing exactly that on retail splurges — but that hasn’t translated evenly across all sectors of the economy, with spending on luxury items up but other more common retail lagging. Get the Full Story Complete the...
Russian lawmaker Fedot Tumusov has submitted draft legislation to cut and cap the commissions for mobile app sales from giants like Apple and Google, Reuters reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
As the clock ticks on a possible sale of TikTok USA, the options for parent company ByteDance could be growing. China has thrown a curve ball into the mix by threatening to impose new restrictions on the export of artificial intelligence (AI) technologies, which would potentially require...
