In his semi-annual Report to Congress and the President this week, CFPB Director Richard Cordray provided an overview of the bureau’s progress in protecting consumers from financial harm. So far, billions has been put back in consumers’ pockets and a slew of actions against banks...
The Competition Authority of Kenya (CAK) will rule out, on June 30th, if Safaricom is abusing of its dominant position in mobile money services in Kenya and, if so, oblige the firm to open its M-Pesa agency network to rivals such as Airtel, Orange and...
A report by the Multilateral Investment Fund “Remittances to Latin America and the Caribbean in 2013: Still Below Pre-Crisis Levels” shows there were USD 61.3 Bn in remittances to LatAm in 2013, flat from a year before and less than the USD 64.9 Bn sent...
My Mobile Payments Limited (MMPL), which operates the m-money service Money On Mobile, acquired a significant stake in the Mumbai-based OSS India for an undisclosed amount. The funds will be used to bring financial support to OSS India to relaunch the service. Get the Full...
Boku has joined forces with Sony to provide the Boku Payments Platform, a carrier-based billing service, for the PS4 account wallets in Canada, Germany, the United Kingdom and the United States.
Twenty companies applied for access to PBOC personal credit information database, as it’s a requisite for operations with personal financial information reports Caixin. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Merchants on the Chom Jum Border between Thailand and Cambodia are not a happy group as trade as reportedly slumped steeply since National Council for Peace and Order (NCPO) seized power in Thailand, reports Bangkok Daily Get the Full Story Complete the form to unlock this...
French tire-maker Michelin will pay $600 million to acquire Brazil-based fleet management and freight security company Sascar, reports the Global Post. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
What’s in a vending machine? Beyond the shiny new products allowing brick and mortar stores to branch out with distribution, there is perhaps a certain value in unattended retail machines that are changing the landscape of payments as we speak. In a recent podcast interview...
