The Russian central bank is in the process of introducing debt guidelines to help companies stave off widespread risk as early as possible, Elizaveta Danilova, head of the bank’s financial stability department, told Reuters. Get the Full Story Complete the form to unlock this article...
As online banking continues rapidly evolving, ahead of another anticipated round of funding next year, digital challenger bank Monzo remains in discussions to secure as much as £100m in upcoming weeks. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Internet of Things (IoT) vendor Wyze announced a server leak that exposed the data of 2.4 million customers from Dec. 4 to Dec. 24. The leak was the result of an internal database — the Elasticsearch system — being unwittingly exposed online, Wyze Co-founder Dongsheng...
Careem, an Egyptian domestic rival to U.S.-based Uber, is set to be acquired by their global competition giant. 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...
Ghana is looking to drop its currency, the cedi, to join the new West African currency called “eco,” anticipated to replace the CFA franc as early as 2020, Reuters reported. Ghana is not part of the West African Economic and Monetary Union (UEMOA), which is...
Christmas is now in the 2019 rear-view mirror. Gifts have been unwrapped, and 10 percent of packages are, or are in the process of being returned. This year, confident U.S. consumers spent, and spent big. According to Mastercard, sales are up 3.4 percent and eCommerce sales...
It’s the end of a short holiday workweek, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and commerce news. We have a deep dive into spend management in addition to news involving the Sprint and...
In today’s top news in payments, Amazon applied for a patent for hand recognition software, and retail sales reached new heights thanks to record online spending. Also, China is planning to build its blockchain cross-border pilot program. Get the Full Story Complete the form to...
Arts and crafts retailer Michaels has announced that Walmart executive Ashley Buchanan will be taking over as CEO from Mark Cosby, and shares jumped 15 percent after the news, according to a report by CNBC. Get the Full Story Complete the form to unlock this...
