After much speculation that it was coming, China’s Central Bank has ordered commercial banks and payment companies nationally to close bitcoin-trading accounts in two weeks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
In 2013, Digital River processed more than $30 billion online transactions, giving the company insights into payment and consumer behavior trends and the ability to act quickly on them. The company is hosting an online webinar “The Mobile Age, the Impact in Emerging Markets” to...
A series of new regulations aimed at “ending the cycle of debt,” could push as many as one quarter of U.K. payday lenders out of business. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Chinese eCommerce giant Alibaba has made another big purchase in its recent investment spree, agreeing to pay $692 million for a roughly 35 percent stake in Chinese department store operator Intime Retail Group. Get the Full Story Complete the form to unlock this article and enjoy...
After a report that China’s central bank had ordered banks and payment companies to close the trading accounts of 10 bitcoins exchanges by April 15, 2014, the price of bitcoins has started declining sharply. Get the Full Story Complete the form to unlock this article...
China appears embedded in a competitive battle between state-run banks and such large Internet companies as Alibaba over control of the nation’s mobile-payments market. Regulators there appear to be moving in the banks’ favor. Not so, apparently, is the case in New Zealand, where new...
There’s so much data influencing the industry today that it can be hard to stay on top of everything. PYMNTS.com’s Friday Factoids are the perfect solution for innovators, entrepreneurs or observers trying to keep up with all the latest information. Get the Full Story Complete...
In the wake of U.S. sanctions in response to Russia’s annexation of Crimea, Russian President Vladimir Putin has called for the creation of the country’s own payment system to rival Visa and MasterCard. Get the Full Story Complete the form to unlock this article and...
MyECheck Inc., an electronic payment solutions provider, says it has launched a payment platform for real-time transfers between government accounts. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
