China is going to promote cross-border eCommerce in additional cities as an initiative to stabilize trade in the country, according to a report by Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
The government in Zimbabwe has said it will allow citizens of the country to withdraw amounts up to $1,000 from foreign currency accounts, in a move to help while the country shifts to new currency to fight rampant hyperinflation and unemployment. Get the Full Story...
While it gears up to apply for a digital banking license in Singapore, cross-border payments firm InstaReM is reportedly seeking lending business partners. The Monetary Authority of Singapore (MAS) recently noted that it will grant as many as three digital wholesale bank licenses and up to two...
The digital payments news out of Brazil has been fast and furious over the last few weeks – particularly when it comes to blockchain. And while the continual drumbeat of announcements from various players looking to find new and inventive ways to apply distributed ledger technology...
With a new carsharing service that is like GM’s Maven or Car2Go but has all-electric vehicles, Volkswagen is rolling out WeShare in Berlin. The company is debuting 1,500 Volkswagen e-Golf cars for its fleet of on-demand rentals in the European city, according to reports. Get...
One of the problems with trade wars is that they act more as bludgeon than scalpel. 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...
The Reserve Bank of India (RBI) has clarified a data storage rule for companies like Mastercard and Visa, which mandates foreign companies to store payment data “only in India” for “unfettered supervisory access,” according to a report from Reuters. Get the Full Story Complete the...
To discourage eCommerce firms from offering hefty discounts, India has told the companies that they have to make sure they are complying with new rules for foreign investment. Commerce Minister Piyush Goyal has said the government is ready to listen to concerns, but is committed...
Despite its tensions with the United States, China still wants to show the world that it intends to become the first 5G superpower, with the government recently handing out commercial licences to its three telecoms carriers, as well as a cable television network. Get the...
