The U.S. State Department has proposed President Donald Trump add FinTech Ant Group, which has strong ties to the Alibaba Group empire, to a list of foreign companies to which U.S. companies cannot sell certain technology, Reuters reported Wednesday (Oct. 14), citing sources. Get the...
In today’s top payments news around the world, Nuvemshop, a LATAM alternative to Shopify, has notched $30 million in a venture capital round, while Alibaba is going deeper with its ShipStation partnership. Plus, PayPal is rolling out its PayPal “Pay in 3” buy now, pay...
The Tokyo Stock Exchange Mothers Index, which tracks Japan’s startups, has climbed back up this year to finally match an earlier high set in 2006. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Indian Prime Minister Narendra Modi is looking to governmental overhaul and deregulation as the solutions for the country’s coronavirus-ensued economic crisis, The Wall Street Journal (WSJ) reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Financial technology company Nium continues to take the world by storm. Next up for the FinTech is a partnership with E9pay , a South Korean digital remittance provider, according to a press release. Get the Full Story Complete the form to unlock this article and...
Singapore businesses are struggling to get paid following the shutdown of German payment processing firm Wirecard, according to a Monday (Oct. 12) report in the Financial Times. Since the shutdown, Singapore businesses have pushed to process payments for such things as telephone bills and restaurant meals. ...
India has unveiled a multibillion-dollar plan to boost consumer spending in an economy struggling under the weight of a spiraling number of coronavirus cases. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
The Golden Week holiday in China from Oct. 1-8 saw an increase in local spending and online foreign sales as the COVID-19 pandemic prevented millions from traveling overseas, CNBC reported Monday (Oct. 12). Get the Full Story Complete the form to unlock this article and...
In today’s top payments news around the world, China’s central bank is issuing $1.5 million of digital currency to 50,000 people chosen by lottery, while a U.K. watchdog proposed that the nation considers creating a new regulatory unit. Plus, European Union (EU) regulators are drawing...
