APAC

Report: Chinese Consumers Are Saving More and Borrowing Less

Report: Chinese Consumers Are Saving More and Borrowing Less
Report: Chinese Consumers Are Saving More and Borrowing Less
February 08, 2023  |  Cross-border Payments

Consumers in China are reportedly reining in spending and borrowing less due to economic uncertainty. Chinese consumers borrowed the equivalent of $564 billion last year,...

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Fintiv and Geoswift Partner on Digital Remittances to Asia
Fintiv and Geoswift Partner on Digital Remittances to Asia
February 03, 2023  |  Cross-border Payments

Fintiv and Geoswift have partnered on enabling cross-border remittance payments into Asia. The collaboration — which brings together Fintiv’s mobile commerce platform and Geoswift’s payment...

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ShopUp Raises $30M to Streamline B2B Commerce in Bangladesh
ShopUp Raises $30M to Streamline B2B Commerce in Bangladesh
February 02, 2023  |  Investments

ShopUp has raised $30 million to expand its B2B commerce platform in Bangladesh. The firm will use the new debt financing to build supply chain...

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Estée Lauder Q2 Reflects China Headwinds vs ‘Renaissance of Occasions’
Estée Lauder Q2 Reflects China Headwinds vs ‘Renaissance of Occasions’
February 02, 2023  |  Retail

A return to physical retail helped Estée Lauder reduce losses in its fiscal second quarter as the company talked up a “renaissance in usage occasions”...

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Small Business Cross-Border Cash Flow Helped by Marquee Payments Partnerships
Small Business Cross-Border Cash Flow Helped by Marquee Payments Partnerships
January 31, 2023  |  Cross-border Payments

Small- to medium-sized businesses have been hobbled on a global stage. The lure of eCommerce is that digital channels level the playing field for…well, just...

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Global Processing Services Names Ex-Visa Exec Jim McCarthy as Global Sales and Product EVP
Global Processing Services Names Ex-Visa Exec Jim McCarthy as Global Sales and Product EVP
January 27, 2023  |  Personnel

Global Processing Services (GPS) has added two members to its leadership team. The global payments technology platform has appointed former Visa executive Jim McCarthy to...

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People’s Bank of China Enables Offline Payments with Digital Yuan
People’s Bank of China Enables Offline Payments with Digital Yuan
January 16, 2023  |  CBDC

The People’s Bank of China has reportedly enabled Android users to make offline payments using digital yuan. With a new function added to the bank’s...

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Naver Completes Acquisition of Poshmark and Aims to Grow Globally
Naver Completes Acquisition of Poshmark and Aims to Grow Globally
January 06, 2023  |  Partnerships

Naver has completed its previously announced acquisition of Poshmark and aims to grow it globally. The Korean internet company said in a Thursday (Jan. 5)...

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