International

Alternative Finances
The Alibaba Infographic: Everything You Need to Know
May 14, 2014

How did Alibaba go from its humble roots as an idea cooked up in Jack Ma's apartment in 1999 to potentially the most humongous IPO in history in just 15 years? Very strategically, as it turns out. And, we’ve made it as easy as a...

B2B Payments
Bad Invoicing Practices Costs African Nations Billions
May 14, 2014

A recent study found that the fraudulent misinvoicing of trade in several African countries has resulted in the loss of tens of billions of U.S. dollars. The research shows that the tax authorities in five countries lacked the trade, tax and deals data to curb...

Europe
Royal Bank Of Scotland’s American Unit Files For IPO
May 13, 2014

Citizens Financial Group Inc, the U.S. arm of the British Royal Bank of Scotland has filed with the Security and Exchange Commission for an initial public offering (IPO). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

International
Mobile Payments Set To Explode In India
May 13, 2014

Mobile payment growth in India is on fire, going from just under 100 thousand mobile transactions in September of 2012 to over 700 thousand by July of 2013, according to a report by Deloitte reported on by Cisco. Get the Full Story Complete the form...

International
Apple And China UnionPay’s Mobile Payments Partnership
May 13, 2014

Apple and China UnionPay have agreed to partner on a mobile payment service that will bring the bank card organization’s app to iPhones nationwide. This will make it possible to pay-by-phone at the 3 million “QuickPass” POS machines nationwide, reports Brightwire. The two companies are also collaborating on...

B2B Payments
Central Bankers in South Asia Fight for Better System
May 13, 2014

Central bankers of in South Asian countries have reached an agreement on the need for the enforcement of payment and settlement system (PSS) in the SAARC region. The SAARC region is an economic and geopolitical cooperation among Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and...

Commentary
Alibaba: The Other 550M Gorilla in Payments
May 12, 2014

While everyone in payments has been focused on another player out west whose name begins with an “A” no one has really paid much attention to the other one even father west with even greater payments and commerce ambitions. MPD CEO Karen Webster gives you...

International
Hearst-backed Manilla To Shut Down
May 12, 2014

The Hearst-backed service for managing bills, Manilla is slated to shut-down on July 1, due to inability to bring the business to scale. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

B2B Payments
Chrysler Struggling To Pay Suppliers On Time
May 12, 2014

Due to technical snags with a new software system, Chrysler is struggling to pay suppliers on time. The software program began on January 1st for about 1,500 suppliers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...