Earlier this month, the Reserve Bank of India (RBI) established a rule governing how businesses can process recurring payments. 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...
The leader of the United Kingdom’s financial watchdog organization has said he will step down in spring 2022, a year earlier than expected, The Guardian reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
In today’s top EMEA news, U.K. FinTech Plum closes a $13.9 million Series A funding round, and The Digital Pound Foundation wants to see a U.K. CBDC materialize. Plus, U.K.’s Banking Protocol helps stop cybercriminals in their tracks, and Nigerian retail-tech startup Alerzo acquires FinTech...
The last big U.S. social network in China — Microsoft’s LinkedIn — is shuttering operations in the country over concerns about internet censorship and regulations, The Wall Street Journal (WSJ) reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
The U.K. Financial Conduct Authority (FCA) has handed down new guidance for regulated business sectors over the risks involved with remote and hybrid work environments in a Monday (Oct. 11) press release. Get the Full Story Complete the form to unlock this article and enjoy...
China’s Central Bank has penalized 1,436 banks and payment companies and levied fines totaling 1.13 billion yuan — or $176 million — since 2016, the bank’s deputy governor said at the recent China Payment and Clearing Forum. Get the Full Story Complete the form to...
Digital payments across Thailand are four times as frequent as they were before the COVID-19 pandemic, as the country’s infection rate is increasing the need for online services, the central bank told Reuters in report on Monday (Oct. 11). Get the Full Story Complete the...
In today’s top EMEA news, NatWest acquires youth-oriented FinTech RoosterMoney and African FinTech Finclusion raises $20M for enterprise development. Plus, the U.K. brick-and-mortar retail scene is equipped to handle Amazon entry, one-third of U.K. SMBs are ‘highly indebted,’ according to Bank of England, and Kenyan...
Enforcement against technology companies that engage in anti-competitive practices will remain an enforcement focus of the People’s Bank of China (PBoC), central bank governor Yi Gang said at the Regulating Big Tech conference hosted by the Bank for International Settlements (BIS). Get the Full Story...
