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...
The U.S.-based research arm of China’s Huawei Technologies is working to separate its operations from its corporate parent because of the government blacklist. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Chinese tech company Huawei said it has “no doubt” it’s going to meet Germany’s security requirements for upcoming 5G networks in the company, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
AutoX and Pony.ai are now the first Chinese companies allowed to offer self-driving robotaxis in the state of California. 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...
In an effort to clamp down on cross-border money laundering, the People’s Bank of China (PBOC) plans to bolster cooperation with other nations such as countries in Europe. The central bank’s efforts would home in on areas such as financial information exchange, anti-money laundering (AML)...
With U.S. export blacklisting along with other actions against Huawei Technologies Co., Founder Ren Zhengfei expects revenue to be roughly $100 billion this year — down from last year’s approximately $107 billion. Zhengfei had previously targeted $125 billion for revenue this year, The Wall Street...
That Alipay is moving into Europe — and looking to support the millions of Chinese and Southeast Asian tourists who travel there annually for business and pleasure — is far from a secret. It is, in fact, an ongoing goal of the last several years...
