This time it’s food deliveries. The latest round in the three-way battle between China’s Internet giants has made social networks leader Tencent an investor in Shanghai-based food delivery service company Ele.me, the Wall Street Journal reported on Tuesday (Jan. 27). Get the Full Story Complete...
It’s not just the young professionals getting plugged into online banking, it’s their parents and grandparents, as well. 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...
TransferWise has snagged a big pile of investment dollars in a round led by one of the Facebook’s earliest backers, Andreessen Horowitz. The UK-based P2P money transfer startup and Facebook have reportedly been in talks that would see TransferWise provide remittance services for the social networking...
Andrei Kostin, chief executive of Russia’s second-largest bank VTB, warned Friday that keeping his country from the Swift banking payment system would be tantamount to “war”. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
A new government report said China’s e-commerce markets racked up 13 trillion yuan ($2 trillion) in transactions in 2014, up 25 percent from 2013, Nikkei Asian Review reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The U.K.’s Institute of Directors has warned large businesses that the “scandal” of late payments is undermining the country’s economic recovery, and said the big corporations risked regulation by failing to pay their bills on time, the Financial Times reported. Get the Full Story Complete...
A month after U.S. President Obama announced that the U.S. would ease up on restrictions on Cuba trade and travel, MasterCard announced today that it is removing the current block on U.S.-issued card transactions in Cuba, starting on March 1 of this year. The action...
CEOs are less optimistic about the economy this year than last, according to a PwC survey unveiled at the World Economic Forum in Davos, Switzerland, this week. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Russia’s answer to Amazon, Ulmart, has confirmed that it plans to IPO in the next year. Russia’s leading e-commerce company confirmed early today (January 21) that it will go public in a yet-to-be-determined Western stock exchange and that it is considering using the IPO to...
