UBS, the Swiss bank, is facing calls from French prosecutors to pay a fine of 3.7 billion euros for what it contends is helping wealthy people in the country evade taxes. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
In the battle across India for consumer transactions, in the battle for hearts and minds and wallets, might Mastercard and Visa be losing share? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Welcome to The Axis, your late look at payments news from around the world. Coverage includes a tie-up between Grab and Kasikornbank for a mobile wallet in Thailand. In addition, Erste Bank has updated its MobilePay offering in Hungary, and Wallex Technologies has officially rolled...
Western Union and M-PESA announce today a global P2P partnership that will make it easier for M-PESA customers to send money outside of Kenya and for this highly popular mobile payments platform to scale globally. Get the Full Story Complete the form to unlock this...
Chinese tech giant Tencent Holdings is looking to hire self-driving car engineers in Palo Alto, 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 to our daily...
SWIFT, the messaging system that connects over 11,000 financial institutions as they transfer money around the globe, has ended its relationship with Iranian banks, succumbing to pressure from the Trump White House. Get the Full Story Complete the form to unlock this article and enjoy...
China’s Tencent Holdings will require users to show proof of their ages and identities against police records in order to play its video games. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
In many parts of sub-Saharan Africa, almost 90 percent of all payments and transactions are based on cash. But there is a large opportunity to increase mobile money penetration, as two-thirds of the region is adopting mobile phones. Companies like Cellulant are tapping into this...
To head off financial risks, the People’s Bank of China (PBOC) plans to manage growth of the money supply. Its remarks could be seen as a warning against a stimulus approach to an economy that is slowing along with a trade war, Financial Times reported....
