China’s Ministry of Industry and Information Technology stated that it will allow foreign ownership of some eCommerce businesses, a move that Reuters said Friday (June 19) would encourage foreign investment in the industry. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Australians are banking on their smartphones and plan to ditch their debit and credit cards for their mobile device within 18 months, according to a recent Australia-based Fair Go Finance survey, conducted between March 30-April 15, 2015. And around 11 percent said they would use...
While innovation is generally welcomed with open arms by most, it’s also bound to shake things up. And in Canada, it’s done just that, as fast-paced innovation on the mobile payments front is causing banks to take one step forward and then two steps back. Get the...
The Bank of China and 297 people are facing indictments in Italy involving a massive money laundering operation. Most of the suspects are Chinese nationals residing in Italy – but the roster of those facing charges also includes four senior managers of the Chinese state...
MasterCard announced yesterday (June 18) the appointment of two Co-Presidents of two new sub-regions, which include the region’s biggest markets – China and India. Ling Hai and Ari Sarker are Co-Presidents of the Asia-Pacific region. Ling Hai will be focused on North East Asia and Australasia...
Imagotag, a subsidiary of Store Electronic Systems (SES), an electronic shelf labels supplier, just sealed an exclusive agreement in Germany with a mysterious “leading international retailer.” The €35m contract, which is one of the world’s largest ESL roll-out agreements to date according to Imagotag’s website,...
Ingenico and Google are banding together to help European merchants grow relationships, and sales, beyond their own borders. 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...
Upstart financial institutions have been using technology to encroach on areas typically the province of China’s state-run banks, according to a senior central bank researcher. And the country’s regulators should set up rules allowing those traditional firms to create online finance units to battle that...
The global e-commerce platform Borderfree announced yesterday (June 17) that it’s adding 120 new countries and 15 new currencies to its platform. Merchants using the global e-commerce platform will now reach more than 220 countries and territories, including high potential emerging luxury ecommerce markets such...
