What initially seemed like an accomplishment, Hong Kong overtook the U.S. as the top destination for Chinese goods and materials. Now it seems like that particular stat may need an asterisk next to it, since the U.S. seems to still lead as a location where...
PayPal’s Irish expansion is paying off, according to new figures that show Paypal Europe Services Ltd pre-tax profits are up 43 percent to €11.2m over the prior year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Swedes are increasingly drifting away from cash, according to a new report released by the Swedish Federation of Trade (Svensk Handel). ) with four out of five purchases in Sweden made electronically (either by debit or credit). Get the Full Story Complete the form to...
The Baltic country Estonia — about the population of Dallas, Texas — embraces a niche in the payment world with its use of national identity cards that offer capabilities to access banking services, conduct government services, among other non-traditional payment features. Get the Full Story Complete...
Paying with a smartphone is fine with Canadians, but a new PayPal Canada survey suggests many of them are ready to go way beyond something like Apple Pay, Chain Store Age reported. Get the Full Story Complete the form to unlock this article and enjoy...
MasterCard has agreed to a 2-year-contract to mine user data from Facebook Asia-Pacific, packaging it and then reselling it to banks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
After initial signs that MasterCard might resist new rules, which required billions of dollars of security deposits, the card brand has now agreed to continue operating in Russia and to give in to new rules set by the Central Bank of Russia, according to a...
U.K.-based P2P trade-finance platform MarketInvoice is expanding into Europe and reaching out to retail investors, according to Global Trade Review. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
At a time when peer-to-peer mortgage lending in the U.S. is actually feeding loans to small banks, the situation appears to have flipped for small-business loans: alternative lenders are approving fewer loans, while big banks are approving more, according to monthly numbers from Biz2Credit. Get...
