Taxi drivers from London to Madrid plan to bring traffic to a halt this afternoon, across Europe’s most popular shopping and tourist locations, in protest of Uber, reports Bloomberg. The San Francisco ride-sharing app poses a threat to traditional taxi services globally, as its reach expands to...
Earlier this week, Payoneer, Inc. announced that it had received an investment from integrated financial services provider Ping An. Payoneer is an online payments company, and company executives believe that this partnership will be greatly beneficial, especially as Ping An is the largest non-state-owned business...
Tencent announced yesterday that it shut down 20 million of its WeChat messaging app accounts because they were linked to providing prostitution services. According to a The Next Web article, if all of those accounts were active, a significant chunk of Tencent’s 396 million accounts...
The Competition Authority of Kenya (CAK) will rule out, on June 30th, if Safaricom is abusing of its dominant position in mobile money services in Kenya and, if so, oblige the firm to open its M-Pesa agency network to rivals such as Airtel, Orange and...
A report by the Multilateral Investment Fund “Remittances to Latin America and the Caribbean in 2013: Still Below Pre-Crisis Levels” shows there were USD 61.3 Bn in remittances to LatAm in 2013, flat from a year before and less than the USD 64.9 Bn sent...
My Mobile Payments Limited (MMPL), which operates the m-money service Money On Mobile, acquired a significant stake in the Mumbai-based OSS India for an undisclosed amount. The funds will be used to bring financial support to OSS India to relaunch the service. Get the Full...
Twenty companies applied for access to PBOC personal credit information database, as it’s a requisite for operations with personal financial information reports Caixin. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Better late than never. That adage might be true in certain scenarios, but not when it comes to small-to-medium-sized enterprises (SMEs) in Ireland making invoice payments. Research shows that not only are the majority of invoice payments late, but also that late or unpaid bills...
Barclays Bank has signed a partnership with Airtel to provide a bulk m-payment solution for the bank’s corporate customers in Uganda. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
