Chinese Internet giant Alibaba Group Holding has invested $250 million for a 10.35 percent stake in Singapore Post Ltd., the city-state’s main postal and delivery service. The goal of the investment is to create an international e-commerce logistics platform. Get the Full Story Complete the...
As part of a new government plan to reduce money laundering, cash transactions between businesses in Israel will be limited to 5,000 shekels ($1,400) by law. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Finland is hoping to establish a real-time payments system and is looking for partners to build it with. The country’s current system “Pops” has been in place since the 1990’s and rapidly becoming obsolete, according to the Federation of Finnish Financial Services, which maintains the platform,...
The newly convened Euro Retail Payments Board (ERPB) is getting ready to create to working groups. The group’s area of study will be the role of mobile and ‘innovative’ payments methods. This will follow on the heels of the Eurzone’s SEPA migration. Get the Full...
Skrill, a European e-wallet provider with 35 million users and Yandex.Money, the largest electronic payment system in Russia with 13 million users, signed a partnership last week which will enable Skrill to expand into Russia. As part of the deal, Yandex.Money will be integrated in...
Safaricom’s George Ndegwa said that Safaricom’s microfinance platform M-Shwari reached 7M users, speaking at the 2014 Mobile Money and Digital Payments in Johannesburg. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Meu Dinheiro Claro, the JV signed by telco Claro (AMX) and Bradesco, one of major banks, was able to add a new tool which allows customers registering via mobile vs. visiting the store and which is expected to boost adoption. Get the Full Story Complete...
Banrisul signed a partnership with MasterCard to launch an e-wallet. Service is oriented to online consumers and allows users to save their credit, debit and pre-paid card and personal data in one place. The bank will launch the product in 2014 2H and will be...
Fleet card provider WEX plans to take it fleet card to Canada, as more of its U.S. customers have operations in both countries. WEX has grand global growth plans overall, fueled by expanding relations with such fuel companies as ExxonMobil.
