Following scandals at European lenders, the European Central Bank (ECB) wants the European Union (EU) to step up enforcement of anti-money laundering (AML) rules. To that end, the bank recommends that the bloc make a “single agency” for the task as the ideal solution, the Financial...
Welcome to The Axis, your late look at payments news from around the world. Coverage includes Yoco’s $16 million Series B funding round. In addition, China’s Beijing Inspiry Technology is deploying a mobile payments in Japan, and Volopa has chosen Onfido to help verify applicants’ identities when...
The Federal Bureau of Investigation (FBI) is investigating the pricing practices of American Express’s foreign exchange international payments department. Citing people familiar with the matter, The Wall Street Journal (WSJ) reported that the investigation is looking into whether the department misled clients about pricing to win...
Alipay, the mobile and online payment platform operated by Ant Financial Services, announced on Wednesday (Sept. 5) that it will collaborate with a wider range of local Japanese partners to build a cashless environment for tourists coming to Japan, in particular for the Tokyo Olympic...
Welcome to The Axis, your late look at payments news from around the world. Coverage includes UMB Financial Corporation’s tie-up with U.K.-based Fraedom. In addition, Russia’s Yandex.Checkout is allowing customers to make donations by rounding up their purchases and TransferGo is rolling out money transfers...
The launch of a new payment system in Venezuela hasn’t gone smoothly, with citizens facing long lines for gasoline in border states. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
With the U.K. gearing up to leave the European Union, the country got a little bit of stability when Bank of England Governor Mark Carney signaled he would stay on as head of the Central Bank longer than planned. Get the Full Story Complete the...
Welcome to The Axis, your late look at payments news from around the world. Coverage includes WorldRemit’s launch of digital money transfers within Africa. In addition, Philippine Veterans Bank will work with Fiserv to help with digital transformation, and Paytm Canada has updated its app to help...
Switzerland’s SIX announced that it is increasing its stake in Germany’s Swiss Euro Clearing Bank GmbH (SECB) from 25 percent to 100 percent. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
