U.S. businesses that import goods from China are struggling with shortages due to severe damage to supply chains that have yet to recover from COVID-19 even as production in Asia has bounced back, ABC News reports. Get the Full Story Complete the form to unlock...
Tourism companies that serve British travelers seeking holidays abroad are bracing for another summer of gloomy business following a government science adviser’s warning Saturday (March 20), Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Visa is preparing to increase the fees it charges on behalf of banks on transactions between the United Kingdom and European Union countries beginning in October, the Financial Times (FT) reported, citing unnamed sources. The fees are called “interchange fees.” Get the Full Story Complete...
BangNiTou, a robo-adviser service backed by Vanguard and Ant Group, has reached 1 million users, 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 logins required. yesSubscribe to...
In today’s top payments news around the world, Pollinate has notched $50 million to bring its software business to North America and develop its platform technology, while The Rise Fund will invest $200 million in the mobile money business of Airtel Africa. Plus, Alibaba Group...
Among the countries looking at central bank digital currencies (CBDCs) is Jamaica, CoinDesk reported. 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...
Chinese search engine and tech giant Baidu, which specializes in artificial intelligence, raised $3.1 billion from a secondary listing in Hong Kong, South China Morning Post (SCMP) reported on Wednesday (March 17). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Messaging app provider Line is being investigated by the Japanese government over accusations that user data was accessed by Chinese engineers without informing people, which is a violation of data protection mandates that have been amended in Japan but won’t go into effect until early...
In today’s top payments news around the world, SumUp has secured roughly $893 million for expansion, while Piraeus Bank’s merchant acquiring business is to be purchased by Euronet Worldwide. Plus, Revolut announced that it would suspend its Canadian operations. Get the Full Story Complete the...
