The United Kingdom government has announced plans to reform the Consumer Credit Act, which regulates credit card purchases and personal loans. The proposed overhaul aims at cutting costs for businesses and simplifying rules for consumers. Get the Full Story Complete the form to unlock this...
The European Central Bank (ECB) will be eyeing the effects of digitization, including ways to “stay at the technological frontier and satisfy consumers’ demand for immediacy while preserving our sovereignty,” ECB Board Member Fabio Panetta said in a keynote speech during the European Payments Council’s...
In today’s top stories from Europe, the Middle East and Africa (EMEA), the Bank of Ghana has introduced a brand new mobile wallet, GhanaPay. Plus, United Kingdom clothing brand Boohoo looks into charging fees for online returns, Qualcomm wins its appeal of a recent $1...
In today’s top stories from Europe, the Middle East and Africa (EMEA), the United Kingdom’s top financial regulator places Swiss investment bank Credit Suisse on a watchlist until it shows it can improve its culture and accountability measures. Plus, Apple finally reaches an agreement with...
The Reserve Bank of India (RBI) granted permission to RuPay, the first FinTech with such authorization, to connect their cards with the unified payments interface (UPI), which will enablFinTeche more people to make digital payments with cards issued by the National Payments Corporation of India...
The pandemic accelerated the digitization of companies’ customer interactions by as much as four years and the share of their digital product offerings by an astounding seven years. As companies across the globe worked double-time to develop digital- and mobile-first platforms to adapt to pandemic-related...
Brazil’s bold steps toward digital adoption and the launch of instant payments network Pix are slowly chipping away at cash. It's why Luis Silva, CEO of payment network provider CloudWalk, tells PYMNTS he and others have high hopes for the burgeoning digital payments market in...
As the world adopts digital payment options at a breakneck pace, Latin American countries have typically lagged in the shift away from cash to alternative payment methods, including digital wallets, QR codes and other contactless payment options. With recent research indicating that economic growth is...
In today’s top stories from Europe, the Middle East and Africa (EMEA), the European Supervisory Authorities said cryptocurrency exchanges that break money laundering rules should have to forfeit their licenses. Plus, the British government said the Bank of England should take over the management of...
