The Biden administration has reportedly put a hold on the Trump administration’s bid to force a sale of TikTok’s U.S. business. Trump pushed for the sale of the popular TikTok video-sharing app to a U.S. buyer over security concerns. Get the Full Story Complete the...
Japanese Finance Minister Taro Aso has expressed an interest in discussing central bank digital currencies (CBDC) at a virtual Group of Seven (G7) meeting set for Friday (Feb. 12), a report from the Mainichi says. Get the Full Story Complete the form to unlock this...
Hyundai Motor Co. and its Kia unit announced Monday (Feb. 8) morning South Korea time that they are not in discussions with Apple Inc. about teaming up on an autonomous car. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
In today’s top payments news around the world, Blackhawk Network has launched its new virtual universal prepaid Mastercard for Canadian firms, while U.K.-based BigChange said that Great Hill Partners has invested over 75 million pounds (approximately $103 million) in the company. Plus, Seoul-based international automaker...
Didi Chuxing, China’s ridesharing giant, is pondering a move to raise $4 billion to meet the surging demand for group-buying delivery services, Bloomberg reported on Friday (Feb. 5), citing sources. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
PayPal operations in India are drawing to a close as the company makes plans to exit the domestic payments market in the country, according to an Economic Times report on Friday (Feb. 5). Get the Full Story Complete the form to unlock this article and...
Analyses of investor sentiment and other factors point to the price of Nigeria-based online marketplace Jumia Technologies soaring through 2021 and beyond, London Loves Business reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
A new report from the Chinese government shows that internet users in the country surged to 989 million amid the pandemic, an increase of 85.4 million since March 2020, and that 79.1 percent of China’s internet users have shopped online. Get the Full Story Complete...
Chinese regulators along with Jack Ma and his Ant Group have reached an agreement that would turn the financial technology company (FinTech) into a financial holding company. That means Ant will operate under rules similar to banks, including stricter capital requirements. Get the Full Story...
