International

International
Why World Bank Rankings Rankle
January 16, 2018

We all like lists. We all like rankings — a natural way of constructing a hierarchy of life: the good, the bad and the in-between. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

International
Chinese Pyramid Scheme Lands Fraudsters In The Pokey – For Life
January 10, 2018

A Chinese court has sentenced two people to life in prison for fraud, with 19 others getting up to 12 years in prison for their part in a pyramid scheme. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

International
LATAM Banks Embrace Platforms As A Service
January 09, 2018

As quickly as financial services are evolving in the U.S., the U.K. and other more advanced economies, things are just heating up in other parts of the world, where less established infrastructure and a large, untapped market for emerging payment technologies exist. Get the Full...

South Asia
A Year After Demonetization, Cash Still King In India
January 08, 2018

Since demonetization last year, Indian government and regulatory authorities have worked hard to push digital payment methods. But Indian citizens are not quite cooperating just yet and continue to prefer cash for most routine transactions. Get the Full Story Complete the form to unlock this article...

International
Ant Apologizes Over Credit Scoring Snafu
January 08, 2018

Following an online uproar, Chinese financial giant Ant Financial has apologized for auto-enrolling unsuspecting users of its new shopping profile service in its credit scoring system, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

International
Payments Innovation Down Under, Organized By Tribes And Squads
January 05, 2018

Member of the tribe? Or maybe part of the squad? 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 Today. By completing this...

International
As Goes The MoneyGram Deal, So Goes China, U.S. Tech Collaboration?
January 05, 2018

A pretty good songster named Paul McCartney sang once that “in the end, the love you take is equal to the love you make.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

International
Kenyan Regulatory Plan To Divide Safaricom Abandoned
January 03, 2018

It looks like Safaricom will survive as a single business — Kenya’s telecom regulator has reportedly backed off a plan that would have seen the firm’s financial services and telecommunications functions divided off from each other.  The move has been considered due to Safaricom’s massive...

South East Asia
China Clamps Down On Cross-Border Withdrawals
January 02, 2018

Chinese regulators have capped overseas withdrawals using Chinese bank cards at Rmb100,000 per year. 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 Today....