Though Square has reportedly withdrawn its application to create a deposit-taking bank, the payments processor intends to file the application again in the future. The firm had applied for an “industrial loan company (ILC)” license with the Federal Deposit Insurance Corporation (FDIC), Reuters reported. Get the Full...
Following regulatory approvals, Walgreens Boots Alliance said on Thursday (July 5) that the company completed an agreement to acquire a 40 percent stake of Sinopharm Holding GuoDa Drug Store. Walgreens received the stake in the Chinese pharmacy chain for a capital increase of approximately $416...
Western Union announced Thursday (July 5) that it has inked a deal with Post Bank, one of Russia’s largest banks, to enable customers to use Post Bank’s mobile banking app to send Western Union Money Transfers directly into billions of bank accounts in more than...
Though tariffs may not be good for American retailers and consumers, according to an expert, some retail segments may be more susceptible to the effects of a so-called trade war more than others. That outlook, though, could potentially change, TheStreet reported. Get the Full Story...
Welcome to Five at Five, your late look as the day’s payments and commerce news. Coverage includes Amazon’s new holiday and grocery plans, and a new challenge it faces from eBay. Ripple faces another lawsuit related to its digital currency technology, and there is word...
The race to be the dominating force in India eCommerce has another massive player entering the field: Billionaire Mukesh Ambani’s Reliance Industries Limited announced its intentions to enter the ring in Indian retail, with a platform designed to create an omnichannel experience for India consumers....
Nokia and Tencent, one of China’s leading providers of internet services, announced Thursday (July 5) that they inked an agreement to carry out joint research and development work to explore the potential of 5G for new applications. In a press release, the companies said the...
By the cultural standards of today, the technology is ancient, born amid hot jazz and bootleg booze, when memories of the slaughters of the “The Great War” — now called World War I — were still fresh enough to hurt. Get the Full Story Complete the...
The copyright re-tooling will not be as onerous as some had feared, it seems. 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...
