Emerging Chinese smartphone maker Xiaomi has announced it will be opening its online store, Mi.com, in the United States, according to Bloomberg. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Most of the fallout in China may have settled from Alibaba’s fight with a Chinese regulator over fake merchandise sold through the e-commerce giant’s online marketplaces. But now Alibaba faces potential problems from another direction: the U.S. Securities and Exchange Commission, The New York Times...
Despite a fierce rivalry in all other areas, Chinese mobile payment giants Alibaba and Tencent have agreed to a rare truce in the taxicab industry, according to The Wall Street Journal, as the companies look to focus their energies — and their cash — in areas where...
Mozido is on a roll. 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 Today. By completing this form, you agree to receive...
Over 100 banks worldwide have been hit in a cyberheist that Russian cybersecurity firm Kaspersky Lab estimates could have netted as much as $900 million in stolen funds. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
When Google tapped WePay to tackle its mobile-commerce payments problem, it didn’t just give merchants an easy way to use its two-tap instant Buy system, it helped gave them an easy way to do business cross-border and gave birth to an interesting partnership. Get the...
So here’s the good news. Corporate travel managers expect travel volumes to increase in 2015, according to AirPlus’ 2015 International Travel Management Study. But here’s the bad news - a third of those travel managers said “mobile payments won’t be relevant” in the space –...
“Kill switches” are proving deadly to smartphone theft, which has dropped by half in London, 40 percent in San Francisco and 25 percent in New York City in the year after Apple added a kill switch to the iPhone, Reuters reported. Get the Full Story...
Since the economic downturn of 2008, the lending industry has undergone a sea change of sorts, as established banks rethink their lending practices, as well as who receives the loans. While payday lending is seeing disruption by companies like SimpleFi, high-end pawnbroking is also experiencing a...
