News

B2B Payments
In Australia, Late Payments Hit SMBs During Holiday Season
November 11, 2019

Late payments have hit Australian firms across several verticals — with a notable impact across the transport industry. The practice of supply chain finance is about to get greater scrutiny in the country, according to reports. In the U.K., a number of companies have been...

International
Hong Kong Hits UBS With $51M Fine For Fleecing Consumers
November 11, 2019

Swiss bank UBS was hit with a $51.09 million fine by a Hong Kong watchdog for overcharging up to 5,000 clients for nearly a decade, Reuters reported on Monday (Nov. 11). Get the Full Story Complete the form to unlock this article and enjoy unlimited...

eCommerce
Alibaba Beats $30B Sales Record On China’s Singles Day
November 11, 2019

China’s Alibaba broke sales records during the 24-hour shopping event known as Singles Day, CNBC reported on Monday (Nov. 11). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Payment Methods
Rapyd FinTech Announces Single Cashless Platform In Singapore
November 11, 2019

Global FinTech Rapyd announced that it has launched a single platform in Singapore that enables businesses to go cashless. 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...

Banking
The Challenges Challenger Banks Must Overcome To Compete
November 11, 2019

Challenger banks — financial firms offering something much like banking services, and looking to compete with old-school banks — are a new idea. The basic structure that underlies them is not. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

B2B Payments
Instamojo Opens Credit Book As Digital Ledger For SMBs
November 11, 2019

Small business (SMB) tech startup Instamojo announced the launch of its Instamojo Credit Book, which aims to get rid of manual ledgers by digitizing records. Available through the company’s Android app, the ledger allows businesses to keep track of credit given to vendors, suppliers and...

B2B Payments
Newpharma, Ingenico Team On Payment Solutions For Online Pharmacies
November 11, 2019

Ingenico Group announced that it has partnered with Belgium ePharmacy firm Newpharma on a new payment solution for online pharmaceutical buyers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

International
Ukraine Aims To Recover Lost Funds After Taking Ownership Of Privatbank
November 10, 2019

Ukraine is coming to terms with international lenders to settle an aid agreement concerning the nationalization of Privatbank, the country’s largest lender, Bloomberg reported on Saturday (Nov. 9).  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Security & Fraud
Kenya Adds New Data Regulations To Encourage Foreign Tech Entrants
November 10, 2019

Kenya has passed a new data protection law in the hopes of attracting more foreign technology companies into the country. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....