Western Union already has a foothold in China — the money transfer company’s services are available at 20,000 locations there — but it’s about to get a lot bigger. On Wednesday (Feb. 4) the company went live in a deal with the Bank of China...
In a story last week, PYMNTS reported that Chinese merchants were cooling to PayPal after the U.S. based payments company froze or, in some cases, deducted funds from local accounts in response to an order from a U.S. judge. Get the Full Story Complete the...
Last month, PayPal found itself with a new competitor in Latin American mobile wallet startup Yepex. Now, Yellow Pepper, the company that started that mobile wallet, got some extra funding that could heat up the competition even more. Get the Full Story Complete the form to unlock...
China has blasted past the half-billion mobile users mark. A report from the Beijing government’s China Internet Network Information Center (CNNIC) says the number of mobile Internet users climbed to 557 million as of December 2014, up 11.4 percent from the year before, TechCrunch reported....
Chinese online giants Alibaba and Tencent, who have gone toe-to-toe over everything from taxi rides to banking, appear to be escalating their battle once more, Tech in Asia reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
While U.S. banks are closing or shrinking branches at a steady pace in the face of the rise in online banking and mobile banking apps, European banking giant Banco Santander sees those branches as a competitive advantage that online-only banks can’t match, according to Finextra....
Lending Club and the Alibaba group are partnering to help American companies buy parts from Chinese manufacturers. The team-up will give manufactures in the U.S. access to products and supplies sold on Alibaba.com, while Lending Club will help those business secure loans for as little...
Last week was a tense one for Alibaba and the regulators, but it appears the controversy between the Chinese e-commerce giant and China’s State Administration of Industry and Commerce has come to an end — at least for the time being, according to The Business...
United States business groups are calling upon China to postpone the implementation of new regulations that some are saying could be a “backdoor” for espionage and hacking by the Chinese government, according to an industry trade letter attained by the BBC. Get the Full Story...
