Apple’s attempts to bring Apple Pay to China have hit a few bumps in the road. 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...
Over 100 banks worldwide have been hit in a cyberheist that Russian cybersecurity firm Kaspersky Lab estimates could have netted as much as $900 million in stolen funds. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Alibaba is taking a $590 million stake in a Chinese smartphone maker, Meizu Technology Co, that is virtually unknown internationally as the megafirm continues to explore ways to expand its mobile reach in a tightly competitive market. Get the Full Story Complete the form to...
In a story last week, PYMNTS reported that Chinese merchants were cooling to PayPal after the U.S. based payments company froze or, in some cases, deducted funds from local accounts in response to an order from a U.S. judge. Get the Full Story Complete the...
Lending Club and the Alibaba group are partnering to help American companies buy parts from Chinese manufacturers. The team-up will give manufactures in the U.S. access to products and supplies sold on Alibaba.com, while Lending Club will help those business secure loans for as little...
Barely 24 hours after Apple announced the biggest quarterly profit in history, smartphone rival Samsung Electronics reported that its own quarterly earnings fell 27 percent in Q4, and it now sells just about as many smartphones as Apple. Get the Full Story Complete the form...
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...
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...
Global payments firm peerTransfer announces today (January 13) that it closed a major funding round and hit a key profitability milestone. peerTransfer is an efficient, cost effective and transparent alternative to the existing friction-laden international funds transfer services, including bank wire. peerTransfer’s global payments platform...
