Against the backdrop of global political tensions and tit-for-tat diplomatic and economic sanctions involving Russia and the United Nations, Russia is publicly rethinking how it wants to handle payments. Partly, this is so that Russia can try and isolate and protect itself from external economic...
Economist, and “What’s Next in B2B Payments?” keynote speaker, Nouriel Roubini correctly identified the financial crisis of 2008 well before it was a frightening reality. Now, seven years later, global markets have rebounded and are more buoyant than ever; and according to Professor Roubini they...
Remittances to developing countries are expected to reach $435 billion this year, representing a 5 percent increase over 2013. Remittances also grew faster this year–in 2013, the annual growth rate was around 3.4 percent. The main drivers for growth were Asia and South America. Get...
U.S. Bank said on Monday (Oct. 6) that it has signed up more than 5,000 carriers to use the Freight Bill Lookup online tool for the bank’s freight-payment trade finance service. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Back in March, China bans using QR Code for payments, but that may end shortly, according to a report in Mobile Commerce News. The initial ban from the Central Bank was issued because of security concerns. Get the Full Story Complete the form to unlock...
Samsung is making its NFC payment move in China, in a deal with UnionPay, China’s largest payment card firm. 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...
China’s two biggest online services already have large payments operations — and now both have permission to be bankers, too. On Monday (Sept. 29), Alibaba Group’s Alipay affiliate won permission from the China Banking Regulatory Commission to set up a privately owned bank, according to...
China’s two biggest online services already have large payments operations — and now both have permission to be bankers, too. On Monday (Sept. 29), Alibaba Group’s Alipay affiliate won permission from the China Banking Regulatory Commission to set up a privately owned bank, according to...
Italian taxpayers may have been cheated out of 8.5 billion kroner ($1.4 billion) in a cap and trade scandal that saw various European nation’s trading carbon emission credits with a fake company that seemed to exist merely to harvest money from the carbon trading market....
