To help stimulate credit flows to local governments and companies, The People’s Bank of China has injected 149 billion renminbi – or $22 billion – into the banking system. The government made the move on Friday (Aug. 24) by making loans to commercial banks, Financial...
Welcome to The Axis, your late look at payments news from around the world. Coverage includes Silk Way Bank’s launch of a new project for cashless payments. In addition, China’s Alipay is working to step up efforts to monitor its platform for peer-to-peer crypto trading transactions,...
The banking and insurance regulator in China issued changes to existing rules on Thursday (August 23) that will enable more foreign investments in the financial industry of the country. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Britons residing in the European Union (EU) may no longer have access to bank account services and businesses in the EU if a non-deal Brexit were to occur. Citing the British government, Reuters reported documents laying out a plan. Get the Full Story Complete the...
Welcome to The Axis, your late look at payments news from around the world. Coverage includes ThinkSmart Europe Limited‘s sale of ClearPay shares to Australia’s Afterpay Touch Group Limited. In addition, The Financial Conduct Authority (FCA) has given U.K.-based Wirex an eMoney license, and the Sainsbury’s supermarket...
Digital tokens have had a hard time of it, but in recent cross-border news, Ripple is helping XRP and xRapid make inroads in remittances. Plus, a bit of saber rattling comes from Europe on payments systems, and Chinese tourists may find it a bit easier to...
As Chinese eCommerce continues to grow, the race to build warehouses and site them to support quick, efficient deliveries is heating up in that country. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Germany’s Minister of Foreign Affairs Heiko Maas has called for the European Union (EU) to create a new payments system, independent in response to the United States pulling out of the Iran nuclear deal. According to Financial Times, Maas wrote in the German daily Handelsblatt that...
The China Internet Network Information Center (CNNIC) has revealed that the country now has more than 800 million internet users. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
