Several Chinese bankers have agreed to let Alipay, Ant Group’s finance arm and the biggest payments processor in China, take a larger percentage of fees as the FinTech works to regain lost valuation, the Financial Times (FT) reported. Get the Full Story Complete the form...
In today’s top payments news around the world, regulators in China are mulling over limitations on “loan-facilitation,” while the Financial Conduct Authority (FCA) said that younger traders are taking part in risky investments without completely understanding the possible downsides and effects. Plus, Indian companies have...
In today’s top payments news around the world, Jumio has secured a $150 million investment from Great Hill Partners, while Nuvemshop has raised $90 million in funding. Plus, MobiKwik of India is reportedly looking to go public. Get the Full Story Complete the form to...
U.K. insurers have paid out around 470 million pounds (about $652 million) in business claims to those affected by COVID-19, according to data from the Financial Conduct Authority (FCA). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Mastercard, IBM and SoftBank, among other companies, are asking the G7 to form a new group to help organize the way in which member states approach concepts such as artificial intelligence (AI), the Financial Times (FT) reported. Get the Full Story Complete the form to...
This year’s Olympic and Paralympic Games Tokyo will not be letting in overseas spectators, a press release says. 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...
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...
