Welcome to The Axis, your late look at payments news from around the world. Coverage includes Remitly’s updates to its remittance service for sending funds to India. In addition, Japan’s Nippon Biodiesel Fuel plans to roll out an eMoney platform for farmers in Asia, and the U.K.’s...
Welcome to The Axis, your late look at payments news from around the world. Coverage includes WorldRemit’s partnership with Safaricom for money transfers to mobile money accounts in Kenya. In addition, Bambora is working with Payworks to introduce Bambora Connect, and Hong Kong-based The Bank of East...
China’s peer-to-peer (P2P) lending crisis has caused widespread anger from citizens who are demanding that the government bail out hundreds of collapsed P2P companies. Last week, it was reported that China ordered a lockdown of Beijing’s financial district to prevent individuals from protesting a crisis in...
The vagaries of currency take on all sorts of meaning to consumers, borrowers and lenders large and small, individual and corporate. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Welcome to The Axis, your late look at payments news from around the world. Coverage includes Indonesia-based Salim Group’s investment in Singapore-based Youtap. In addition, Miles Software is partnering with SBM Bank (Mauritius) Ltd. (SBM) and SBM (NBFC) Holdings Ltd., and investors are turning to gold...
Singapore’s FinTech scene is booming: Funding for the burgeoning sector in the island country topped nearly a billion dollars in 2017, reaching $983.6 million that year. Hong Kong, by comparison, saw $596.8 million in funding for FinTechs at the time. Get the Full Story Complete...
Might the spending power of the Chinese consumer, thus far sparkling like a Tiffany bauble, lose its luster? 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...
In the Philippines, Grab’s acquisition of Uber’s operations is moving forward with approval from the country’s governing body for competition. The Philippine Competition Commission (PCC) approved the deal, assuming that the firm adheres to certain rules designed to keep the market fair for consumers, Reuters reported....
Visa and Mastercard have agreed to cut Canadian credit card transaction fees, which could save smaller businesses (SMBs) C$250 million ($192 million) a year. The companies agreed to reduce the average annual interchange rate in Canada by 10 basis points to 1.4 percent on cards,...
