International

International
Barclays Faces $1M Penalty Over Payments Firm Collapse
February 28, 2022

Barclays Bank Plc has been fined 783,800 pounds ($1 million) by the United Kingdom’s financial regulatory body for its failure to oversee Premier FX, the collapsed payments firm. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

International
Citigroup’s Russian Exposure at $5.4B
February 28, 2022

Citigroup reported Monday (Feb. 28) that its total exposure to Russian assets was at $5.4 billion at the end of December 2021, down from $5.5 billion three months earlier. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

International
Economic Warfare vs. Russia Proves Effective
February 28, 2022

War is waged with tanks, bullets and air attacks — and also with banks as battlefields, interest rates as weapons of economic mass destruction. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

International
Etsy Wipes Out $4M in Ukrainian Seller Balances
February 28, 2022

Crafts-focused marketplace Etsy on Monday (Feb. 28) canceled all balances owed by sellers in Ukraine on its platform, totaling almost $4 million in listing fees, transaction fees and more, as the country is in under attack by Russia. Get the Full Story Complete the form...

Latin America
Paramount on Supporting a Diverse Payments Mix to Boost Streaming and Subscription Services in Latin...
February 28, 2022

Consumers in Latin America are trading cable TV for streaming subscriptions, pushing platforms to offer innovative payment experiences to remain competitive. In the Digitizing Payments In Latin America Playbook, Paul Del Pin of streaming and entertainment provider Paramount explains why offering a diverse mix of...

International
FinTech-Friendly Lithuania Raises Alarms After Russia’s Invasion of Ukraine 
February 28, 2022

The home country of FinTech companies such as Revolut or the account-to-account payment platform Kevin recently declared a state of emergency in response to Russia´s assault of Ukraine.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

International
India’s New B2B eInvoicing Rule Could Impact 180,000 Companies
February 27, 2022

A government official in India has said mandatory electronic invoicing of business-to-business (B2B) transactions, or any company with annual turnover above ₹20 crore, will bolster the country’s goods and services tax (GST) registrations. Get the Full Story Complete the form to unlock this article and...

International
Google Blocks State-Owned Media RT, Other Russian Channels From Ad Revenue
February 27, 2022

Alphabet’s Google on Saturday (Feb. 26) banned Russia’s state-owned media outlet RT and other channels from receiving money for ads on their websites, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

International
Russians Hoard Cash in Wake of Bank Sanctions
February 27, 2022

In Moscow and other Russian cities, people are trying to get cash, both in rubles and dollars, due to fears of a fiscal crash following the invasion of Ukraine, Financial Times writes. Get the Full Story Complete the form to unlock this article and enjoy...