Since demonetization last year, Indian government and regulatory authorities have worked hard to push digital payment methods. But Indian citizens are not quite cooperating just yet and continue to prefer cash for most routine transactions. Get the Full Story Complete the form to unlock this article...
Following an online uproar, Chinese financial giant Ant Financial has apologized for auto-enrolling unsuspecting users of its new shopping profile service in its credit scoring system, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
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A pretty good songster named Paul McCartney sang once that “in the end, the love you take is equal to the love you make.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
It looks like Safaricom will survive as a single business — Kenya’s telecom regulator has reportedly backed off a plan that would have seen the firm’s financial services and telecommunications functions divided off from each other. The move has been considered due to Safaricom’s massive...
Chinese regulators have capped overseas withdrawals using Chinese bank cards at Rmb100,000 per year. 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 Today....
Ah, another year come and gone. Many people are looking ahead to the new year with hope, while others are simply happy to say goodbye to the old one. But whether 2017 was kind or cruel, one thing is for sure: New Year’s Eve will...
China’s banking regulator has issued a draft measure to amend licensing and oversight of the banking activities of foreign-backed financial companies, according to Thursday (Dec. 28) reports from Reuters. The move is intended to lure investments to China’s financial sector, an economic element that is currently...
Venezuelan President Nicolas Maduro has vowed to back the national cryptocurrency, Petro, with the country’s natural resource reserves. 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...
