In 2007 m-Pese launched in Kenya and changed the face of money transfer on the continent of Africa. Today, the mobile payment service handles $18 billion in transactions annually, mostly from the nation’s small business owners—tech entrepreneurs cab driver and cow herders who taken together...
India and Pakistan have a long history of conflict, though they do see the benefits of international trade between the two counties. A new report by the SAARC Chamber of Commerce and Industry points to improvement in their relations, but politics and suspicion overriding economics...
Asia’s largest eCommerce players like what they see in the U.S. First, China’s Alibaba announced plans for a U.S. IPO and has since launched the 11 Main online marketplace here. Now Rakuten, Japan’s largest online retailer, appears to have its own U.S. plans. The addition...
Worried about new age cab competitor Uber, a group of taxi firms in India are trying a creative legal attack on Uber and it all revolves around payments. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Russia’s Central Bank is preparing to abandon its deadline for MasterCard and Visa to pay transaction security deposits because neither has yet selected a partner to process cards in Russia next year, according to a report Thursday (Aug. 14) in Russian business daily Vedomosti. Get...
A Russian national has been indicted for a series of cyber attacks against financial institutions (including Chase Bank, Capital One, Citibank and the Boeing Employees’ Credit Union) and retail POS in the U.S., as well as for running various carding forums that resold payment card...
Russia is a cash society. Only 20 to 25 percent of Russian adults have bank accounts. Just 15 percent had credit cards in 2011, and 90 percent of those cards are used only for withdrawing cash. For big purchases, bringing along a suitcase of rubles...
A Russian national has been indicted for a series of cyber attacks against financial institutions (including Chase Bank, Capital One, Citibank and the Boeing Employees’ Credit Union) and retail POS in the U.S., as well as for running various carding forums that resold payment card...
Chinese government procurement lists have not banned Apple products, according to a Reutersreport from last week. Originally, the rumor was that the popular laptops and tablets were blacklisted because of national security concerns. However, China’s Central Government Procurement Centre, the finance ministry and Apple have...
