Ah, another year come and gone. Many people are looking ahead to the new year with hope, while others are simply happy to say goodbye to the old one. But whether 2017 was kind or cruel, one thing is for sure: New Year’s Eve will...
China’s banking regulator has issued a draft measure to amend licensing and oversight of the banking activities of foreign-backed financial companies, according to Thursday (Dec. 28) reports from Reuters. The move is intended to lure investments to China’s financial sector, an economic element that is currently...
Venezuelan President Nicolas Maduro has vowed to back the national cryptocurrency, Petro, with the country’s natural resource reserves. 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...
Global initial public offerings (IPOs) over the past year saw the highest number of listings since the financial crisis, driven by strong activity in the U.S. and a record number of Chinese issuances. Get the Full Story Complete the form to unlock this article and...
South Korean vehicle manufacturers Hyundai and Kia Motors are gearing up to add artificial intelligence (AI) to their cars beginning in 2019. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
In an attempt to compete against the U.S. and Asia in the financial technology sector, Brussels will propose pan-EU licenses to help FinTech companies operate across the bloc. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Beyond bitcoin, payments saw its share of innovation in developing markets, powered in part by financial hubs. In an interview with PYMNTS, Promoth Manghat, CEO of the UAE Exchange Group, weighs in on what happened in 2017 across in the Middle East – and offers...
Guangzhou — one of China’s largest cities — will be allowing residents to link their WeChat accounts to their national identity cards going forward. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
With many merchants in Venezuela charging in dollars or their black market equivalent, many basic necessities — including food, dental and medical services — are now out of reach for a large number of locals. Get the Full Story Complete the form to unlock this...
