International

MasterCard Removes Block On Cuba Transactions For U.S.-Issued Cards
January 23, 2015

A month after U.S. President Obama announced that the U.S. would ease up on restrictions on Cuba trade and travel, MasterCard announced today that it is removing the current block on U.S.-issued card transactions in Cuba, starting on March 1 of this year. The action...

International
US Is The New Growth Market, PwC Survey Says
January 22, 2015

CEOs are less optimistic about the economy this year than last, according to a PwC survey unveiled at the World Economic Forum in Davos, Switzerland, this week. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Russian e-Commerce Giant Ulmart Heading Toward IPO
January 21, 2015

Russia’s answer to Amazon, Ulmart, has confirmed that it plans to IPO in the next year.   Russia’s leading e-commerce company confirmed early today (January 21)  that it will go public in  a yet-to-be-determined Western stock exchange and that it is considering using the IPO to...

MasterCard Talks Inclusive Growth At World Economic Forum
January 21, 2015

This year, the World Economic Forum’s Annual Meeting, which begins today, hones in on political, economic, social and technological transformations and how they’ve impacted decision-making and progress across the world. To discuss how these advancements in technology are offering potential for economic growth and productivity,...

International
Ingenico Buys The Rest Of ROAM
January 21, 2015

French point-of-sale vendor Ingenico now owns 100 percent of mobile commerce platform ROAM, the company announced on Tuesday (Jan. 20). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Alibaba-Backed Discount Site Nabs $700M in Financing
January 20, 2015

The Alibaba-backed Chinese group-discount website Meituan.com is now worth $7 billion after it received $700 million from unidentified investors, CEO Wang Xing told Bloomberg. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Russian Retailers Want Cyber Monday Economic Boost
January 20, 2015

Russia wants in on the Cyber Monday hype. 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 Today. By completing this form, you...

Europe
Uber Says It Can Create 50K Jobs, Take 400K Cars Off The Road
January 20, 2015

Uber CEO Travis Kalanick said he wants to expand operations in Europe, creating 50,000 jobs there and taking 400,000 personal vehicles off the road, according to Re/code. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

News
India’s ICICI Bank Lets Customers Tweet Real-Time Payments
January 20, 2015

India’s largest private-sector bank will now let its customers use Twitter for real-time fund transfers, the Times of India reported on Monday (Jan. 19). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...