The People’s Bank of China (PBoC) has ordered all online payment companies to channel mobile payments through a new clearing house by next June, which could have an impact on the dominance of Ant Financial and Tencent. Get the Full Story Complete the form to unlock...
Flywire, a provider of international payments and receivables solutions for businesses, schools and healthcare providers announced news on Tuesday (August 8) that it is seeing strong growth in the Japanese education market. Get the Full Story Complete the form to unlock this article and enjoy...
In rather short order, India has emerged as one of the world’s most competitive battlegrounds for those looking to build the next phase of the global digital commerce future. Amazon, Apple, Google, Visa, Mastercard, PayPal, Uber, Alibaba, Softbank, Facebook — at this point it might...
Abu Dhabi Global Market (ADGM) and the Capital Markets Authority (CMA) of Kenya have partnered in order to provide an information sharing framework to support financial innovation, like digital banking for the unbanked, in each jurisdiction. Get the Full Story Complete the form to unlock...
In recent memory, Chinese tourists have become some of the world’s most avid international shoppers. But this summer — though tourists from China will still be hitting American and European cities in record numbers — they won’t be spending quite as much in foreign retail...
On Tuesday, e-commerce company, Flipkart, said it has completed its merger with eBay India’s operations. 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,...
Worldpay has granted its U.S. buyer Vantiv a week-long extension to get its takeover bid in order. 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...
As Flipkart continues to gear up for what will likely be a protracted fight with Amazon.com, it seems to have gotten some good news. Rival marketplace Snapdeal won’t be a rival much longer — according to interior sources (two of them, according to Reuters), its...
Until fairly recently the Middle East was a rather underdeveloped region from an eCommerce point of view. According to McKinsey, 50 million consumers are scattered across several countries in the region and yet only two percent of all retail spend flows online today. Get the...
