A war of words between the Chinese commerce ministry and Alibaba may now be cooling down after several days of heated rhetoric that has seen accusations, threats and personal attacks, after a government report last week criticized Alibaba’s Taobao, China’s largest online marketplace, for the...
Ant Financial Services Group is rolling out its new credit-scoring service Sesame Credit, which combines “big data” technology and customer behavior analytics to help make credit more available to millions of Chinese consumers. While the name Ant Financial Services Group may not immediately ring bells for...
Cloud platform mobile payments and retail engagement solutions provider Mozido recently announced in a release that it has named Ron Hynes, former executive VP of global prepaid solutions at MasterCard Worldwide, as President Global Markets.
This time it’s food deliveries. The latest round in the three-way battle between China’s Internet giants has made social networks leader Tencent an investor in Shanghai-based food delivery service company Ele.me, the Wall Street Journal reported on Tuesday (Jan. 27). Get the Full Story Complete...
It’s not just the young professionals getting plugged into online banking, it’s their parents and grandparents, as well. 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...
TransferWise has snagged a big pile of investment dollars in a round led by one of the Facebook’s earliest backers, Andreessen Horowitz. The UK-based P2P money transfer startup and Facebook have reportedly been in talks that would see TransferWise provide remittance services for the social networking...
Andrei Kostin, chief executive of Russia’s second-largest bank VTB, warned Friday that keeping his country from the Swift banking payment system would be tantamount to “war”. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
A new government report said China’s e-commerce markets racked up 13 trillion yuan ($2 trillion) in transactions in 2014, up 25 percent from 2013, Nikkei Asian Review reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The U.K.’s Institute of Directors has warned large businesses that the “scandal” of late payments is undermining the country’s economic recovery, and said the big corporations risked regulation by failing to pay their bills on time, the Financial Times reported. Get the Full Story Complete...
