Zimbabwe, in an attempt to control the spiraling inflation problem with its currency, is restricting mobile money and tightening controls for foreign exchange outfits. It is also disallowing the quoting of any prices other than its own currency, according to a report by Bloomberg. Get the...
The European Union’s executive branch has called for urgent action to reverse what it believes is the region’s heavy reliance on computer hardware and software from other countries. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
PayPal has bought a majority stake in Chinese payments group Guofubao (NationPay), and has acquired a payments license in the country, according to a report by the Financial Times. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
China’s financial markets will stay open and foreign investment will be welcomed even though U.S. President Donald Trump is calling to curtail funds. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
In a move that increases pressure on multinationals, European Union commissioners-designate said the bloc should come to an agreement on a digital tax if a deal doesn’t happen at a worldwide level by the conclusion of 2020. The incoming commissioners also noted their priorities on...
Shares of well-known Chinese companies, like Alibaba, JD.com and others, dropped sharply on Friday (Sept. 27) amid news that the United States might be curtailing Chinese investments, according to a report by CNBC. Get the Full Story Complete the form to unlock this article and...
Sabine Lautenschläger, Germany’s representative on the European Central Bank’s executive board, has resigned over the institution’s changes to its monetary policy. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Postal representatives from more than 100 countries are meeting in Geneva, Switzerland to make sure that a global mail regulatory body remains in place, according to a report by CNBC. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Cloud-based finance software Bill.com can now facilitate international payments in 106 currencies and 137 countries, the company announced in a press release on Wednesday, Sept. 25. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
