News

eCommerce
Amazon, Walmart Brace For New Indian eCommerce Rules
January 15, 2019

New restrictions in India are poised to have an impact on Amazon and Flipkart, affecting how each can do business on their online marketplaces. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Investments
Alibaba Shares Fall On Slowing Chinese Economy
January 14, 2019

Stocks for Alibaba, China’s eCommerce giant, are down 1.7 percent after the president of the company admitted that China’s consumer market is slowing down, according to reports.   Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Payment Methods
UnionPay Opens API To International Developers
January 14, 2019

UnionPay International, a subsidiary of Chinese financial services company UnionPay, is giving developers all around the world access to 18 of its mobile internet payment products, the company announced on Monday (Jan. 14). Get the Full Story Complete the form to unlock this article and...

Amazon Profile
Five At Five: Amazon’s New Cashback Idea
January 14, 2019

Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes the latest move by Amazon to attract more consumers in India, and the latest on a global ransomware attack. Goldman Sachs makes a cash management move, Panasonic...

Global Payments
Hong Kong’s JETCO Unveils APIX Platform; Terra To Pilot Blockchain Payments In Mongolia
January 14, 2019

Welcome to The Axis, your late look at payments news from around the world. Coverage includes the unveiling of an application programming interface (API) platform with Joint Electronic Teller Services Limited (JETCO) in Hong Kong. In addition, Factris has acquired an invoice financing firm that serves the Lithuanian...

Regulation
Regulations Hinder Growth Of Digital Payments In Vietnam
January 14, 2019

Vietnam wants to be a cashless society, according to a report in Financial Times, but bank regulations are hindering the country’s ability to do so. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

B2B Payments
Kabbage Pay Later Gets Support From Alibaba
January 14, 2019

Kabbage, the financial services, technology, and data platform company for small businesses, announced Monday (Jan. 14) that it is powering the Pay Later program for U.S. buyers on Alibaba.com. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Security & Fraud
UK Gov’t Taps Banking Heavyweights To Fight Money Laundering
January 14, 2019

Aiming to fight more financial crime, the U.K. government has recruited senior executives from Barclays, Lloyds Banking and Banco Santander. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Security & Fraud
Hackers Make $3.7M In Ryuk Ransomware Attack
January 14, 2019

Ryuk, a ransomware threat that has been spreading online, has earned the hackers more than 705 bitcoin in five months, which has an estimated value of $3.7 million. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...