Officials from seven different agencies in China descended on Didi Global’s Beijing headquarters as part of a cybersecurity probe into the ride-hailing giant’s business, The Wall Street Journal reported on Friday (July 16). Get the Full Story Complete the form to unlock this article and enjoy...
In today’s top payments news around the world, SoftBank’s Vision Fund II now reportedly has the ability to invest in food delivery platform Swiggy, while TikTok has now exceeded 3 billion global downloads. Plus, The U.K.’s Financial Conduct Authority (FCA) is looking to invest 120...
The U.K.’s Financial Conduct Authority aims to invest 120 million pounds (approximately $166 million) toward “data and technological capabilities” during the three years to come, according to a draft of a speech that Nikhil Rathi, the regulator’s CEO, gave during a digital webinar. Get the...
Amid rising commodity prices and supply chain disruptions, the economy in China saw a slowdown from April through June from its accelerated pace between January and March of this year, according to a government press release on Thursday (July 15). Get the Full Story Complete...
Halfway through the year 2021, the European FinTech segment is very much on fire. Investors poured $5.3 billion into London-based FinTech firms in the first half of the year — more than 2.5 times the amount invested in any other European city, leading New York and trailing...
Chinese tech companies Alibaba and Tencent are considering a collaboration that would share each firm’s offerings as Beijing steps up its crackdown on technology companies, The Wall Street Journal reported on Wednesday (July 13). Get the Full Story Complete the form to unlock this article...
The European Central Bank announced on Wednesday (July 14) that it will begin the investigation phase of its digital euro project. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
The Reserve Bank of India (RBI), India’s central bank, has announced that Mastercard Asia / Pacific Pte. Ltd. (Mastercard) will not be allowed to bring new domestic debit card, credit card or prepaid card customers onto its network starting July 22, 2021 due to non-compliance...
In today’s top payments news around the world, SIBS MB has inked a deal with Discover Financial Services, while China is continuing at a fast pace on its efforts toward launching a digital currency. Plus, Germany-based GBTEC and Apromore are working with SAP integration company...
