Amid stricter checks for money laundering, banks are moving away from the international money transfer practice known as correspondent banking. The shift could possibly cause payments to move underground and particularly impact nations that are dependent on remittances, Reuters reported. Get the Full Story Complete...
Welcome to The Axis, your late look at payments news from around the world. Coverage includes Wirecard teaming up with Stuttgart-Marketing GmbH to create the “first official China Pay City in Germany.” In addition, Google is bringing Google Pay to the UAE, and AlipayHK plans to bring...
The growth of the tech industry in China has seemed unstoppable, marked by consumers and gamers numbering in the hundreds of millions – and revenues in the billions of dollars’ worth. Get the Full Story Complete the form to unlock this article and enjoy...
Welcome to The Axis, your late look at payments news from around the world. Coverage includes Mintos‘ €5 million Series A raise. In addition, Singapore’s CoinPip is rolling out a crypto-to-fiat service, and the U.K.’s Monzo is collaborating with PayPoint to enable users to make...
Malaysian Prime Minister Mahathir Mohamad has alleged that Goldman Sachs “cheated” the country regarding a state fund for 1Malaysia Development Bhd (1MDB), and that U.S. authorities will help return the fees the bank earned from the fund. Get the Full Story Complete the form to...
Welcome to The Axis, your late look at payments news from around the world. Coverage includes The Western Union Company’s tie-up with Hong Kong’s HKT Payment Limited for money transfers. In addition, MAYBANK is working with KFC Malaysia to bring QR code payments to restaurants in...
Welcome to The Axis, your late look at payments news from around the world. Coverage includes the launch of China’s Bingxi Culture “art sharing” platform that enables people to lease out art using Alipay. In addition, Razer’s mobile wallet dubbed Razer Pay may come to tens of...
With a new commerce deal for the soccer world, Ant Financial’s Alipay has partnered with Europe’s UEFA to bring its platform to events sanctioned by the organization’s men’s national team. Terms of the arrangement, which is said to have a duration of eight years, were not made...
Before a summit between China’s President Xi Jinping and U.S. President Donald Trump, American Express has received the go-ahead to open up card-clearing services in China. China’s central bank announced the approval on Friday (Nov. 9), The Wall Street Journal reported. Get the Full Story...
