Expansion of clearinghouse arrangements outside of China are helping build the country’s yuan as a settlement tool for cross-border trade. Those business activities are helping grow yuan markets overseas. However, the yuan still has a long way to go before overtaking the U.S. dollar and...
Corporations typically have intricate treasury and payments challenges. As technology continues to evolve, it’s necessary for some corporate teams to rethink their payments options. But what specifically are those options, and which banks and card networks are providing them?
China has recently issued 250 new electronic payments licenses in five batches to various operations nationwide. But there is one stand-out award in the newest batch, reports Seeking Alpha, that should catch the eye of anyone interested in the future of electronic payments in China. Get...
Yesterday popular bitcoin mining pool GHash.IO announced in a statement that in the future it will “not exceed more than 39.99 percent of the overall Bitcoin hashrate.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
UK-based small business P2P lending platform Funding Circle is $65 million richer and is planning to use that money to expand more aggressively into the U.S. market. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
It’s baacck. About twenty years ago, the big corporate buzzword was “glocal” – the global-plus-local business strategy that defined how multinationals would compete successfully on a global stage. Well, “glocal” is not only back, it’s the imprimatur of a strategy that makes the most of...
After claims in China’s state run media last week that location tracking features in the forthcoming upgrades to the iPhone’s software package constitute a threat to China’s national security, Apple has hit back and counter-argued China’s claims are baseless. Get the Full Story Complete the...
China Union Pay, the nation’s government back credit card issuer, is offering a new service that will allow card holders to pay via QR codes scanned on their mobile device. The new system will work online and offline, and the company is reportedly now in...
Sweden-based iZettle has capped off the series C investment round it first kicked off in May 2014 with an additional pick-up of $6.8 million, brining total round investment to to $61.2 million. To date, the company has raised a little under $120 million total. Get...
