Payment network Ripple Labs just snagged is to U.S. banks closer to its goal of frictionless payments worldwide. CBW Bank and Cross River Bank, based in Kansas and New Jersey respectively, will be using Ripple to making global money transfers and payments. Ripple’s first partnership for the...
If imitation is the sincerest form of flattery, than the brothers Sawmer (Marc, Oliver and Alexander), the three founders of Germany’s Rocket Internet, are the worlds most accomplished and sincere flatterers. Rocket is famous for taking successful, but exactly trademark or patentable, e-commerce ideas from...
Apple Pay continues to roll on toward universal availability and it has made a big staff acquisition to move that process along in Europe. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Did China’s Alibaba have the largest IPO in history? Maybe. Shares priced at $68 a pop and it had a market capitalization of $168 as it kicked off trading on the NYSE. This would bring the total amount raised by Alibaba’s IPO to $21.8–and a...
Walmart’s ambitions to be a viable B2B supplier in India continue to grow, as two more of the megaretailer’s Best Price Modern Wholesale stores are set to add eCommerce-service support, in Guntur and Vijayawada in Andhra Pradesh. The stores reportedly will begin supporting eCommerce sales...
Regulators in Bangladesh are looking to incorporate factoring as a financing option to help expedite the country’s import/export activities and to provide a means for its manufacturers and exporters to avoid problems associated with deferred payments from buyers. Get the Full Story Complete the form...
The European Union Council of Ministers is preparing to toughen the rules for all mobile and digital payments, according to a report in Computing.co.uk. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
With Alibaba last week having gone through the largest initial public offering in U.S. history, expect continued growth in international eCommerce trade coming out of China. Alibaba already is saying it wants to create more online sales between China and other Asian businesses and consumers,...
Robust economic growth in the U.S. and United Kingdom, combined with a gradual recovery in the Eurozone, should help strengthen global economic activity over the next year, according to the latest HSBC Trade Confidence Index. However, rising geopolitical tensions could weaken such projections. Get the...
