As the trade war between the U.S. and China impacts the global markets for smartphones and chips, Samsung Electronics Co Ltd. predicts a sharp drop in operating profit for the second quarter. One-off gains, however, aided the company in coming out ahead of the expectations...
Accounts payable (AP) professionals often use established — if unsatisfactory and possibly outdated — payment methods, mostly because that’s just the way it’s always been done. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
This week, more than $187 million in new funding landed at B2B finance and tech startups, though not all of it was concerned. Investors diversified, with targets based in India, the U.S., Sweden, France and the U.K. — and with solutions ranging from cross-border payments...
Although business lending requires the aggregation of data from a multitude of sources, there is typically only one financial institution managing the process. Trade finance and the facilitation of trade transactions, however, require complex coordination between businesses, their service providers and their financial institutions to...
A former executive at corporate travel technology firm Sabre Airline Solutions has reportedly reached a plea deal with prosecutors following allegations of invoice and wire fraud. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Funding Circle has reportedly cut its 2019 revenue expectations by half as it tightens small business (SMB) lending standards, reports in Reuters said this week, and analysts are advising the FinTech to go further to protect itself. Get the Full Story Complete the form to...
Russia’s VTB Bank has launched a digital supply chain finance portal via its VTB Factoring subsidiary, according to Global Trade Review reports Wednesday (July 3). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Southeast Asian FinTech InstaReM, which specializes in digital cross-border money transfers and payments, has announced a new API-based digital platform that will enable startups, FinTech companies and enterprises to launch their own branded cards. Get the Full Story Complete the form to unlock this article...
Naspers-owned FinTech PayU is pushing into Southeast Asia with a deal to acquire a majority stake in Singapore-based Red Dot Payment. Naspers specializes in developing markets in India, Latin America, Africa and Eastern Europe already — but is now officially adding Southeast Asia and its...
