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,...
Welcome to The Axis, your late look at payments news from around the world. Coverage includes provider Onfido’s partnership with global remittance company TransferGo. In addition, ASHBURN International is rolling out dynamic currency conversion, and Mistertango is teaming up with crypto exchange EXMO for instant transactions. Get the...
Payments infrastructure news tends to be global in scope, as firms and stakeholders eye efficiency and speed in transacting in new and existing markets far-flung in nature. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Alibaba Group Holding’s founder and chairman Jack Ma China’s said that the company “will do anything to share technology” with Africa. 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 Anderson Zaks’ new encryption feature for its RedCard payment processing system. In addition, State Bank of India has rolled out a multi-option payment acceptance device, and Investly is opening up its...
JPMorgan is setting up a financial inclusion lab in India through a partnership with the Indian Institute of Management Ahmedabad’s (IIMA) Centre for Innovation, Incubation and Entrepreneurship (CIIE). According to FinTech Futures, the $9.5 million initiative will assist FinTech startups focused on helping lower and...
Welcome to The Axis, your late look at payments news from around the world. Coverage includes a mobile wallet pilot by Banco Agrario, Telefonica Colombia and Comviva in Columbia. In addition, Ireland-based Worldnet has teamed up with ID TECH to deliver Quickchip for its GoChip products,...
Alipay, a payment affiliate of Alibaba, has been hit with a $601,846 fine by the Shanghai head office for the People’s Bank of China. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
