The paper chase — the literal one — is about to get cut short amid distances well-traveled. News came Wednesday (June 6) via Reuters that Tencent Holdings is working with the Chinese government, eyeing the WeChat app as a way to substitute for travel documents —...
In a new wrinkle tied to the tariff tiff between the United States and China, the latter said it would be amenable to buying roughly $70 billion of U.S. farm and manufacturing goods. That buying spree would come if the U.S. walks away from levying tariffs...
Employees at German automotive supplier Continental AG can no longer use WhatsApp or Snapchat on their company phones. 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...
SWIFT, as an organization, bills itself as a neutral player in the global economic system. That’s why the recent international flare-up over U.S. President Donald Trump’s decision to reimpose sanctions on Iran has hit the firm as a fairly direct challenge. Get the Full Story...
Ride-hailing firm Grab, based in Singapore — which entered a deal to acquire Uber’s southeast Asia business in the first quarter — is reaching even farther into the region. The company said earlier this week that it would launch Grab Ventures, where it will invest...
Amid China’s crackdown on financial risk, Ant Financial is moving away from consumer finance and payments. Instead, it is honing in on technology services, CNBC reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
After raising $37 million in a funding round backed by investors such as Idinvest and Allianz, French lending platform Lendix is eyeing expansion in Europe. The backing will provide a boost to its growth plans in countries such as Germany, TechCrunch reported. Get the Full...
Italy’s UniCredit and French rival Société Générale are planning to merge, which could lead to other big banking mergers throughout Europe. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Add “social credit” to the list of factors that could influence the Chinese economy — and, perhaps, consumer activity in other parts of the world. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
