In what is seen as a blow to Alipay, Walmart inked a deal with rival Tencent Holdings to use WeChat Pay, its popular payment app, in all of its stores in the western region of China. Get the Full Story Complete the form to unlock...
China will focus both on opening up its financial sector and preventing risks via regulation and oversight, said Yi Gang, the new governor of China’s Central Bank. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
The European Union’s antitrust head Margrethe Vestager won’t rule out breaking up Google, saying the EU has “grave suspicions” about its dominance in Internet search. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
In Brazil, the antitrust watchdog, Cade, is looking into the credit card industry, with an eye on possible anticompetitive practices. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
China is further opening up its markets to foreign investments, allowing international companies to access its payments market, which Bloomberg estimates is around $27 trillion in size. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
The European Commission is gearing up to propose new rules later Wednesday (March 21) that would require digital companies to pay more taxes — and the rules could include U.S. technology companies Google and Facebook. Get the Full Story Complete the form to unlock this...
It’s an exciting time to be a global brand. In western markets, eCommerce continues to grow steadily — but, more importantly, it’s taking significant hold in less developed markets, opening up opportunities for brands to secure footholds in new regions. Get the Full Story Complete...
Pushing its footprint even deeper into the Americas, Ant Financial’s Alipay — China’s leading payment provider and the primary means of online and mobile payment for Chinese consumers — announced news today (March 20) that it will be growing its presence in Mexico via a partnership with Openpay....
China is reportedly using its social credit system to prevent people who have committed crimes such as spreading fake news about terrorism or creating problems on flights from riding on transportation for as long as a year. Get the Full Story Complete the form to...
