International

International
Amid Trade War, Reshoring Manufacturing Is No Easy (Or Cheap) Task
July 06, 2018

The trade war is here. The world’s two biggest economies — the United States and China — are slinging tariffs with haste. As widely reported, the U.S. tariffs against China have now been levied, as of today, and the strategy may be one that stretches...

International
Western Union Customers Have New Way To Send Money
July 06, 2018

Western Union announced Thursday (July 5) that it has inked a deal with Post Bank, one of Russia’s largest banks, to enable customers to use Post Bank’s mobile banking app to send Western Union Money Transfers directly into billions of bank accounts in more than...

International
Copyright Revamp In EU Gets Thumbs Down From Lawmakers (For Now)
July 05, 2018

The copyright re-tooling will not be as onerous as some had feared, it seems. 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 our daily newsletter, PYMNTS...

International
Self-Driving Minibuses Coming To Japan In Early 2019
July 05, 2018

A self-driving minibus service is coming to Japan in the early part of 2019 thanks to a partnership between Baidu and Softbank unit SB Drive and manufacturer King Long. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Government Panel Proposes Asset Firm For Bad Loans In India
July 03, 2018

Amid efforts to clean up the banking industry in India, a government panel has floated the idea of creating an asset management company (AMC) that would focus on resolving bad loans that are over $73 million. The panel, which is comprised of bankers, was formed after...

International
China Commerce Minister: Market Access For Foreign Investors To Widen
July 02, 2018

Amid the back-and-forth of a global trade war, illustrated perhaps most keenly between China and the United States, China will seek to boost market access, which the country’s Commerce Minister Zhong Shan said Monday via published comments. The minister’s remarks were carried in the state-run...

Global Payments
Oracle Brings FinTech Program To Brussels, Blockchain Poised For Growth In India
June 28, 2018

Welcome to The Axis, your late look at payments news from around the world. Coverage includes Oracle’s decision to bring its FinTech Innovation Program to Brussels. In addition, blockchain technology is expected to take hold in India and BS/2 plans to expand its point-of-sale (POS) terminal...

International
Hive Project Inks Deal With Gosocket For Invoices, EBANX Teams Up With Light In The...
June 28, 2018

Welcome to The Axis, your late look at payments news from around the world. Coverage includes Hive Project’s deal with Gosocket for invoice financing. In addition, EBANX is working with Light In The Box for card payments and Ukraine’s government says it doesn’t plan to regulate...

International
Mastercard Teams Up With Selcom For Cashless Payments, Grab Rolls Out Mobile Wallet Credits
June 27, 2018

Welcome to The Axis, your late look at payments news from around the world. Coverage includes Mastercard’s partnership with Selcom in Tanzania. In addition, Grab is rolling out mobile wallet credits in Malaysia, while U.S.-based Concord is rolling out an externally audited implementation of General Data...