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...
Sweden’s central bank is scheduled to meet this week to discuss monetary policy, including whether to raise interest rates as the country’s krona hits its lowest level since the financial crisis. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Nigel Kirby, the deputy director of the National Crime Agency’s economic crime unit in the U.K., told a group of lawyers Monday (August 3) that the head of a London unit for a foreign bank has been arrested over bribery allegations. Get the Full Story...
In the continuing swirl of headlines that seem to blur and blend cryptos, blockchains and developing nations, a number of collaborations between large tech firms, traditional financial institutions (FIs) and FinTech upstarts stood out. Get the Full Story Complete the form to unlock this article...
Xpress Money continues to expand its efforts in Africa as it tries to bring down the high remittance costs in the region, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Ecuador announced last week that it needs to borrow more than $1.1 billion from international lenders as the country tries to fix its deficit. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Alibaba is partnering with two Russian companies on an eCommerce venture as it looks to form its digital silk road across Eurasia. According to Financial Times, sources reported that Alibaba was close to finalizing a partnership with Russian internet company Mail.ru and sovereign wealth fund...
Brazil’s economy is being hobbled by average banking lending rates that are the highest of all the 55 developed and underdeveloped countries around the globe, reported the Wall Street Journal. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
