International

South East Asia
Grab Seeks To Create ‘Everyday Superapp’ For Southeast Asia
July 13, 2018

With its mission to create the first everyday super-app in Southeast Asia, Grab has rolled out a suite of application programming interfaces (APIs) for developers dubbed GrabPlatform. The idea is to help developers integrate their services within the company’s app and to leverage Grab’s user...

International
Trade War’s Ripple Effect Means Currency, Commerce, Payments Waves
July 13, 2018

Amid the swirl of headlines that focus on the back and forth between China and the United States, and the continuing escalation of tariffs, the ripple effects and casualties will be far-reaching. As with so much else in life, there will be winners and losers,...

Global Payments
SIX And Mastercard Equip Cashless Stadium, PT NFC Indonesia Launches IPO
July 13, 2018

Welcome to The Axis, your late look at payments news from around the world. Coverage includes SIX Payment Services’ and Mastercard’s rollout of cashless payments at a renovated stadium in Austria. In addition, the Monterrey Digital Hub in Mexico has opened, and PT NFC Indonesia has held an...

Global Payments
Glint Plans Expansion To US, Tata Capital Launches Working Capital Platform
July 12, 2018

Welcome to The Axis, your late look at payments news from around the world. Coverage includes U.K.-based Callcredit’s upcoming name change to TransUnion. In addition, Glint is planning an expansion to the U.S. and Tata Capital has rolled out a new lending platform in India. Get the...

Global Payments
Visa Launches Omni Loyalty Platform; Alibaba Kicks Off ‘Malaysia Week’
July 11, 2018

Consumers in Sweden and Norway are more likely to take out a loan this summer than borrowers in Finland, according to a press release from Tieto. While 22 percent of Swedes and 21 percent of Norwegians are seeking to borrow money, only 14 percent of Finns...

Global Payments
MMBL Rolls Out EMV Debit Cards, ICICI Bank Partners With Westpac For Remittances
July 10, 2018

Welcome to The Axis, your late look at payments news from around the world. Coverage includes Mobilink Microfinance Bank (MMBL) launching EMV-compliant cards in Pakistan. In addition, PaySend is utilizing a smart card connected to a mobile wallet to help customers transact with traditional and digital...

International
Despite New EU AML Laws, Banking Scandals Persist
July 10, 2018

Although new rules to combat money laundering in the European Union took effect this week, there are already calls for more reforms after a series of banking scandals in Latvia, Estonia and Malta. According to Reuters, this fifth review of the EU anti-money laundering directive...

International
Amid Trade War, Reshoring Manufacturing Is No Easy (Or Cheap) Task
July 06, 2018

The trade war is here. The world’s two biggest economies — the United States and China — are slinging tariffs with haste. As widely reported, the U.S. tariffs against China have now been levied, as of today, and the strategy may be one that stretches...

International
Western Union Customers Have New Way To Send Money
July 06, 2018

Western Union announced Thursday (July 5) that it has inked a deal with Post Bank, one of Russia’s largest banks, to enable customers to use Post Bank’s mobile banking app to send Western Union Money Transfers directly into billions of bank accounts in more than...