After a long, expensive and frustrating fight, it looks like Uber is officially ready to retire its efforts in China. Instead of operating and competing directly for Chinese riders, Uber is instead taking a minority stake in the firm that essentially out-competed them in China...
Though state-backed China UnionPay currently dominates China’s payment market, Ant Financial Services President Eric Jing says Alipay (and consumers embracing mobile payments) is diverting billions in fees away from UnionPay. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
A little over 40 years ago, the Pet Rock was a national phenomenon. 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....
Ireland’s tech community is on the rise, with Dublin standing at the epicenter. As established tech giants continue to set up shop in the city and homegrown startups flourish, it’s no wonder Dublin has been named a contender in the race to be Europe’s post-Brexit...
Elo, the Brazilian card brand, announced on Tuesday (July 26) it has conducted its first transaction outside of the country. The transaction with the Elo card was in the U.S. on the Discover Global Network, and the company said it shows the card is being...
By 2020, India will see digital payment growth of 10 times its current size, hitting $500 billion and contributing 15 percent to the country’s gross domestic product. That’s according to a new study conducted by Google and Boston Consulting Group. Get the Full Story Complete...
Alibaba, the Chinese eCommerce marketplace giant, has announced plans to expand its reach to Australia by the end of 2016, according to media reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
What Brexit? WePay sees opportunity across the Atlantic, announcing its move into the U.K. today. Bill Clerico, WePay’s CEO, explains the allure of the U.K. for online platforms that want to offer payments as a service, and why it makes sense to get in now.
With FinTech startups exploding on the scene, U.K. and Korea want to make it easier for both companies to invest in the financial technology sector, creating a so-called “FinTech bridge.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
