Didi Chuxing, the Chinese ride-hailing startup, ByteDance, the mobile app maker in China, and other Chinese tech firms are reining in perks such as free snacks and gym memberships, slashing bonuses and laying off workers amid a slowdown in the economy. Get the Full Story...
The world’s first cannabis exchange traded fund (ETF) has returned more than 50 percent so far this year, growing to $1.3 billion in assets. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Ahead of the U.K.’s potential departure from the European Union, the bloc’s banking watchdog is imploring member states to protect the deposits of customers. While national deposit schemes cover bank deposits up to 100,000 euros, that protection does not cover branches of banks from not in...
Russia’s trade associations have accused Visa and Mastercard of abuse of market power 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 required. yesSubscribe to our daily...
Two of Liberia’s central bank officials have been detained over widespread malpractice at the bank related to $104 million in missing bank notes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
After selling up to $20 million in U.S. cash to banks to trade on a new forex interbank market, Zimbabwe’s central bank is now running out of dollars because of the high demand. Get the Full Story Complete the form to unlock this article and...
Go-Jek, the Indonesian ride-hailing company that is a rival to Grab, has launched services in Thailand, reported Reuters. 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...
Welcome to The Axis, your late look at payments news from around the world. Coverage includes the signing of a memorandum of understanding between The Singtel Group and Malaysia’s Axiata Digital. European tech firm Aave is rolling out its Aave Pay app, online travel firm...
After the delay, the deluge? 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 newsletter, PYMNTS Today. By completing this form, you agree to receive...
