Singapore businesses are struggling to get paid following the shutdown of German payment processing firm Wirecard, according to a Monday (Oct. 12) report in the Financial Times. Since the shutdown, Singapore businesses have pushed to process payments for such things as telephone bills and restaurant meals. ...
The International Finance Corporation (IFC) has extended a $40 million credit facility to Nigeria’s Union Bank to spur trade as the key African country is beset with its worst downturn in nearly 40 years. Get the Full Story Complete the form to unlock this article...
In today’s top news, China is giving away $1.5 million to test the digital yuan, and the EU is compiling a list of 20 tech companies to hit with stricter regulations. Plus, Instacart is in talks to file for an IPO. Get the Full Story...
India has unveiled a multibillion-dollar plan to boost consumer spending in an economy struggling under the weight of a spiraling number of coronavirus cases. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
That the pandemic has had sharply negative effects on consumer spending is well known, as are concerns that those effects are about to be even more sharply felt. But new figures from Piper Sandler’s 40th semi-annual “Taking Stock with Teens” report indicate that among the Generation Z demographic,...
Earnings season will pull back the curtain on where banks stand amid the pandemic — not just in terms of trading revenues amid rocky (to put it mildly) equities and fixed income markets. And not just in terms of loan losses. Get the Full Story...
The Golden Week holiday in China from Oct. 1-8 saw an increase in local spending and online foreign sales as the COVID-19 pandemic prevented millions from traveling overseas, CNBC reported Monday (Oct. 12). Get the Full Story Complete the form to unlock this article and...
BR Shetty, the embattled Indian FinTech and healthcare entrepreneur, is calling for an investigation of two of his former CEOs amid a financial scandal that has consumed his once-mighty multibillion-dollar business empire. Get the Full Story Complete the form to unlock this article and enjoy...
In today’s top payments news around the world, China’s central bank is issuing $1.5 million of digital currency to 50,000 people chosen by lottery, while a U.K. watchdog proposed that the nation considers creating a new regulatory unit. Plus, European Union (EU) regulators are drawing...
