China’s central bank cut rates last week on a short-term lending facility that is traditionally used to provide liquidity to commercial (usually small) business lenders, The Wall Street Journal reported Thursday (Nov. 19). Get the Full Story Complete the form to unlock this article and...
Late last week China confirmed it cracked down on an “underground bank” that was responsible for moving nearly 410 billion yuan ($64 billion) in illegal foreign exchange transactions abroad, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Five years after withdrawing itself, Google is now working on reestablishing its presence in the Chinese market with the launch of the Google Play app store in Feb. 2016. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
In a sweeping move to consolidate lobbying power in the United Kingdom’s financial services industry, five financial trade organizations are merging. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
As the need for more secure login methods for mobile devices grows, so too does average consumers’ desires for a burdenless experience with their phones. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
A few days after Alibaba founder Jack Ma sat down with President Barack Obama to talk about the government’s role in encouraging entrepreneurs to grow their businesses, Alibaba opted to take an active role in just that. Get the Full Story Complete the form to unlock this...
A study earlier this year by nexo and a host of others found that, when it comes to card payments in Europe, technology and unified platforms make all the difference.
U.S. President Barack Obama sat down with Alibaba founder Jack Ma to talk about government and business during a panel discussion at an Asia-Pacific summit.
WeBank, the online finance operation that is owned and operated by Chinese tech giant Tencent Holdings, will seek to raise as much as $1 billion in an effort to boost its lending business and also its ancillary financial services, Reuters reported on Wednesday (Nov. 18)....
