For all its explosive growth, especially in Southeast Asia and other emerging markets, not everything Rocket Internet touches turns to gold. On Wednesday (March 11), Rocket said it will shut down its consumer-to-consumer marketplace Lamido and merge its 2,500-plus merchants into a larger Rocket e-commerce...
Samsung has gotten some much needed good news after the disappointing sales run of the Galaxy 5 phone, according to Shin Jong-Kyun, Samsung’s Chief of Mobile. “Pre-orders of the two Galaxy variants from our major clients are really huge,” Jong-Kyun told reporters. Get the Full Story...
More than a year after the European Payments Council published its new requirements for face-to-face payment-card transactions in the Euro zone, the EPC has unveiled its proposed rules for online payments and other card-not-present (CNP) transactions. Get the Full Story Complete the form to unlock...
The European Parliament voted overwhelmingly on Tuesday (March 10) to cap payment card interchange fees for consumer payments, according to Finextra. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Global banks are now more worried about their digital strategies than with regulatory concerns, as customers expect banks to be more like their non-financial competitors, Finextra reported on Tuesday (March 10). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
China is one step closer to launching its international cross-border yuan payments system, reported Reuters, which cited unnamed sources who indicated the move could occur as soon as September or October. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Samsung won’t be charging anyone for Samsung Pay when it rolls out the mobile payment service in Korea — not card issuing banks and not payment processors, Business Korea reported on Monday (March 9). Get the Full Story Complete the form to unlock this article...
South Korea has officially cut off the use of magnetic-stripe payment cards for getting cash at ATMs, according to English-language newspaper, The Korea Herald. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Sandwich chain Subway is testing a link between its loyalty program and access to its in-store Wi-Fi – and it’s trying out the new approach in some places that aren’t accustomed to being mobile technology guinea pigs. Get the Full Story Complete the form to...
