International

Europe
Sweden’s Central Bank Favors Digital Currency
October 26, 2018

As the Riksbank seeks to adapt to a society that is turning to cashless payment methods, the Swedish central bank is considering issuing a digital currency. While the bank explained a concept of an “e-krona” in a report last year, it said on Friday (Oct. 26)...

Global Payments
Tipalti Announces Seamless Integration With Intuit QuickBooks Online
October 23, 2018

Tipalti has announced that its supplier payments automation solution is now integrated into Intuit QuickBooks Online. The global payments automation firm reported the new development in a press release on Tuesday (October 23). Get the Full Story Complete the form to unlock this article and enjoy unlimited...

International
India’s RBI Wants Its Governor To Lead Payments Regulator
October 19, 2018

Following the proposal of a payments regulator to be established independent of the Reserve Bank of India (RBI), the central bank has put forward a public objection. The regulator would have a chairperson chosen with input from the RBI, but the central bank objects to...

International
China’s Economy Has Slowest Pace Of Growth Since Early 2009
October 19, 2018

Faced with growth that is slowing, increasing debt and a trade war with the U.S., the economy in China is starting to feel the impact. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

International
UK Regulator Rebrands To Pay.UK, Seeks Payments Partner
October 18, 2018

Pay.UK, the retail payments authority (formerly known as the New Payment System Operator / NPSO), announced on Thursday (Oct. 18) that it has published a Strategic Partner Procurement Prospectus, which it said is the starting point of a process to appoint a strategic partner. Get...

International
Canada’s Legalized Pot Sales Off To Slow Start With Limited Stores Open
October 17, 2018

Canada became the first country to legalize recreational use of pot on Wednesday (Oct. 17), but response was tepid – in part because its largest cities, including Toronto and Vancouver, haven’t opened up stores yet. Get the Full Story Complete the form to unlock this...

Global Payments
Ingenico Teams With Trustly For Merchant Payments; honestbee To Open Cashless Store
October 17, 2018

Welcome to The Axis, your late look at payments news from around the world. Coverage includes Ingenico’s tie-up with European payments firm Trustly for merchant payments. In addition, honestbeeis opening a cashless supermarket in Singapore, and Accenture is teaming up with Digital Ventures Co. Ltd, a...

Global Payments
PPRO: US Merchants Behind In X-Border eCommerce
October 16, 2018

PPRO Group, the global cross-border ePayment company, along with Edgar, Dunn & Company, announced on Tuesday (Oct. 16) that new data shows U.S. merchants are lagging behind other countries when it comes to cross-border eCommerce. Get the Full Story Complete the form to unlock this...

International
Mastercard, Visa, Amex Face Penalties For Violating India Data Law
October 16, 2018

Major U.S. payments companies are facing fines for violating a data law in India. 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...