The New York branch of Bank of China will allow Chinese firms to get payment in yuan from eCommerce sales derived from their U.S. platforms, reported Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Akulaku, a FinTech lending company, has received $40 million in funding from Ant Financial. 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 newsletter, PYMNTS...
China’s central bank has yet to acknowledge applications submitted by Visa and Mastercard that would allow the companies to process renminbi payments. Citing sources familiar with the matter, Financial Times (FT) reported that while Visa and Mastercard submitted their applications to the People’s Bank of China...
Lloyds Banking Group is being criticized for making its overdraft fees more expensive and complicated for its customers. 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...
It looks like we can finally have a serious conversation about the impending collapse of physical retail in the U.S. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
There was a lot about CES in Las Vegas last week that was predictable. 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 newsletter, PYMNTS...
Slack Technologies, a popular workplace messaging app, is said to be considering going public through a direct listing, as opposed to a traditional IPO. The Wall Street Journal reported that the company would be the second big-name tech company to do so, following in the...
Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes Apple’s latest idea, and a new seller solution head for Visa. Postmates gains fresh capital, Goodwill cracks down on counterfeits and biometric providers go for even bigger...
In the midst of an economically uncertain time in China stemming from the trade war with the U.S., Xiaomi said it will invest at least 10 billion yuan ($1.5 billion) in artificial intelligence and Internet of Things (IoT) smart devices over the next five years....
