Just like every hurricane has an eye at the center that feeds the whole storm system, it’s not entirely inaccurate to suggest that the explosion of tech development over the last two decades from places like Silicon Valley follows a similar pattern. With pioneers like...
In an example of one of the latest firms to reach unicorn status, the Chinese Internet player Tencent Holdings Ltd.’s online banking operation, known as WeBank, is in line to raise enough funds to value the unit at $5 billion or more. Get the Full...
In the United Kingdom, tremors over late payments may be spilling over into a seismic event. 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...
Visa Europe, the payments giant merging with its former parent company, Visa Inc., said early Tuesday (Jan. 26) that it had its most successful year ever in terms of revenue growth, as the top line grew by 25 percent to €2.31 billion for the year...
The payments industry is increasingly moving toward an omnichannel landscape, where transactions are expected to be accepted across any number of entities, in any number of locations, 24 hours a day and all year round. Such advances take some doing, and technology must do most...
Iran’s banks are reconnecting to SWIFT, but banks are shying away from pushing anew into the country. Here’s what’s holding up the progress toward new investment.
The volatility in equities and commodities thus far this year is not necessarily indicative of a change in the global economic outlook, Mark Carney, governor of the Bank of England, said Thursday (Jan. 21). Get the Full Story Complete the form to unlock this article...
Samsung Pay is coming to Spain, according to an announcement that the payments platform is now available through CaixaBank and through that bank’s mobile unit, imaginBank. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
A quiet but important update to Facebook’s Android app will make it much easier for potential users in countries where state censors ban the service to gain access to the world’s largest social network. That includes nations like China and Iran and their combined population...
