With a new surge of COVID-19, China has seen its economy slowing, CNBC reported. 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 our daily newsletter, PYMNTS...
Investment company IIFL Finance is teaming up with buy now pay later (BNPL) startup FinBox to help merchants by offering new digital credit products, IBS Intelligence and others reported on Friday (Aug. 13). Get the Full Story Complete the form to unlock this article and...
Cambodia’s central bank is partnering with Malaysia’s Maybank for digital cross-border money transfers. The transfers will initially start with Malaysia to Cambodia, with Cambodia to Malaysia to be added in the future. Get the Full Story Complete the form to unlock this article and enjoy...
“Notoriously difficult and hard to implement.” That’s the initial feedback from the head of the Emerging Payments Association (EPA), Tony Craddock, on a new set of rules put forth by the U.K.’s Financial Conduct Authority (FCA) that would dictate the “duty” that businesses have to...
RippleNet, Ripple’s global financial network, announced on Wednesday (Aug. 11) a third addition to its list of financial institutions (FIs) and money transfer companies in South Korea — Global Money Express (GME Remittance) — after partnerships with CROSS ENF and Sentbe. Get the Full Story...
China has turned its focus to the country’s insurance technology platforms as the nation’s banking and insurance watchdog continues its regulatory crackdown on businesses in a variety of vertical markets, to the dismay of investors around the world. Get the Full Story Complete the...
The Bank of Jamaica (BOJ) minted the first installment of what’s expected to be 230 million JMD (nearly $1.5 million) in central bank digital currency (CBDC) on Tuesday (August 10). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
India could cut import duties on electric vehicles to as low as 40 percent, a move that arrives in the wake of a visit by Tesla. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Amid stepped-up regulatory scrutiny of Big Tech firms in China, the country’s antitrust watchdog is reportedly getting ready to hit food delivery platform Meituan with an almost $1 billion financial penalty, The Wall Street Journal reported on Friday (Aug. 6). Get the Full Story Complete...
