The Russian government announced that in order for Visa and MasterCard to continue operating in the country without paying a huge security deposit, the card companies just need to do one thing: find a Russian payment system deemed “of national importance” to process their transactions....
PayPal is expanding its Working Capital service to the UK, according to TechCrunch. The UK is the first market outside of the U.S. to get PayPal’s lending platform. The platform, first launched in 2013, has already provided $140 million to businesses across the nation. According...
The Seoul city government announced in a statement on Monday that it plans to ban car-hailing app Uber Technologies, Inc. Following the decision, Uber said in a statement that the city “is in danger of remaining trapped in the past and getting left behind by...
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...
