A new study by Visa Europe finds traditional banks hold sway over tech-driven alternative payments providers — at least, for small business owners in the United Kingdom.
Ant Financial — the finance affiliate of Alibaba Group Holding Ltd. — is eyeing an IPO on Shanghai’s main board for some time later this year, according to reports. The public offering could be China’s largest since 2010, according to two people familiar with the matter. Get the Full...
A new remittance service being rolled out by MasterCard, Western Union, bKash and BRAC aims to open up financial inclusion to 22 million Bangladeshis. Barb King, MasterCard’s SVP of P2P segment, tells PYMNTS how it works, and what might lie in the future.
Deutsche Bank suffered from a “systemic” failure in its internal controls that were set up to stymie money laundering — a discovery that occurred more than two years ago, Bloomberg reported on Thursday (April 14). Get the Full Story Complete the form to unlock this article and...
Flywire is heading east as it looks into further expanding its market to universities that are increasingly admitting international students at a higher rate. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
In China, the nation’s General Administration of Customs said it will cancel the parcel tax that has historically applied to cross-border eCommerce. The cancellation of that tax takes its place as an effort to level the playing field, competitively, between online platforms and their brick-and-mortar...
PayPal is launching PayPal Credit today in the U.K., which means, going forward, British consumers will have the option of leveraging a PayPal account to pay for goods over time instead of using a traditional credit card. Get the Full Story Complete the form to...
Alibaba and its financial affiliate, Ant Financial, are betting big on the food delivery service. 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,...
The European Payments Council said earlier this week that it is launching the public commentary period tied to the Single Euro Payments Area (SEPA) Instant Credit Transfer (SCT Inst) scheme. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
