International

South Asia
India Lawsuit Against Flipkart Highlights Discounting Concerns
June 05, 2019

Walmart, it seems, has found itself drawn into a legal struggle between its recent acquisition Flipkart and GOQii — an Indian maker of smartwatchesque health devices — over pricing. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Europe
ECB Policymaker Calls Bank Consolidation ‘Desirable’
June 05, 2019

A European Central Bank (ECB) policymaker has called bank mergers in the EU “desirable,” but admits that it’s ultimately up to individual banks to decide if they would like to consolidate with one another. Get the Full Story Complete the form to unlock this article...

International
Paytm Eyes Insurance Marketplace Coverfox
June 03, 2019

Paytm, the Indian payments company backed by SoftBank, is reportedly in late-stage discussions to buy Coverfox, the Indian insurance marketplace. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Global Payments
Indonesia Rolls Out Standard QR Payment Codes; UAE Sees Rise In Outbound Remittances
May 30, 2019

Welcome to The Axis, your late look at payments news from around the world. Coverage includes Western Union‘s rollout of an international money transfer service in Thailand. Remittances out of U.A.E. are on the rise with the take-off of digital transfers; Fortumo and Elisa have...

Global Payments
TransferMate Gets Payment License In Singapore; Shanghai Commercial Bank Teams With EMQ
May 29, 2019

Welcome to The Axis, your late look at payments news from around the world. Coverage includes TransferMate’s approval for a payments license in Singapore, Chinese bank Shanghai Commercial Bank (SCB) working with the EMQ to support cross-border money transfers, Woori Bank and Wing Limited Special Bank reportedly...

International
Treasury Dept. Puts Nine Countries On Watch List Over Currency Practices
May 29, 2019

The Treasury Department announced Wednesday (May 29) in a report to Congress that of the 21 major U.S. trading partners, only nine need further scrutiny because of their currency practices. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

International
Plaid Launches In UK
May 29, 2019

Plaid, the FinTech that enables apps to access consumers’ financial information, announced it is entering the European market, starting with the U.K. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

International
Chinese Travelers Stop Coming To US
May 28, 2019

Chinese tourism in the U.S. declined at a fast clip last year, ending what had been years of growth. 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...

International
Chinese Gov’t Pours $22B To Prop Up Domestic Cos In 2018
May 27, 2019

The Chinese government increased subsidies it paid last year, aiming to help Chinese companies weather the economic slowdown in the country. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...