British shoppers are holding on a bit tightly to their purses and wallets, with bargain hunting and general caution continually influencing their shopping decisions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Somalia is open for business. MasterCard will become the first international payments network to enter Somalia, a country that hasn’t had a formal banking or financial system for over two decades since the collapse of its government in 1991. Get the Full Story Complete the...
Korean eCommerce company Coupang announced that it will be getting a $1 billion investment from a SoftBank subsidiary, according to a Wednesday (June 3) release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Chinese eCommerce giant Alibaba will announce an investment in financial media company China Business Network in a deal that could be announced as soon as today (June 4) reported Reuters, citing Chinese media. Get the Full Story Complete the form to unlock this article and enjoy...
Japan’s biggest e-commerce player, Rakuten Inc., has plans to raise $1.5 billion via a share offering. The firm is looking to strengthen its financial position as it moves to expand through acquisitions. Get the Full Story Complete the form to unlock this article and enjoy...
Despite the fact that smartphones and bank cards are NFC-based and that new NFC driven apps are increasingly available, the technology remains rather marginal in France. The infrastructure is there without the interest, reports ZDNet in France. One hurdle is the fact that stores are ill-equipped, and...
The mobile payments space is big enough for both Google and Samsung, according to the latter company’s president/chief strategy officer. 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...
Alibaba is doing well. So well that its owner, Jack Ma, decided to expand to Russia, following long time rival eBay as well as Amazon, according to Forbes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Citigroup may wind down its Banamex USA operations as a part of a settlement with U.S. regulators amid allegations that the California-based unit has been beset by weak money laundering controls. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
