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...
Amid an increased focus on COVID-19 vaccination and a recovering services industry, Kenya anticipates that its economy will bounce back strong in 2021, up 6.6 percent this year after a growth of 0.6 percent in 2020. Get the Full Story Complete the form to unlock...
Lloyds Bank said Tuesday it would team with Visa to equip clients in Europe using its corporate charge cards with straight-through processing (STP) technology. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Point-of-sale platform Lightspeed on Tuesday (Aug. 3) announced that hospitality merchants in Germany, Switzerland, France, Belgium and the Netherlands now have access to Lightspeed Payments, joining hospitality businesses in the U.S. and retailers in Canada and the U.S. Get the Full Story Complete the form...
Chinese state media publication Economic Daily called online gaming a “spiritual opium,” which prompted Tencent to introduce new rules for young players, starting with its flagship “Honor of Kings” game, according to multiple media reports. Get the Full Story Complete the form to unlock this...
