The three current and two future member states of the East African Community (EAC) – Kenya, Uganda, Tanzania Burundi and Rwanda – have signed a memorandum of understanding on currency convertibility, reports Coast Week. Get the Full Story Complete the form to unlock this article and...
MasterCard has announced that it intends to purchase Pune-headquartered ElectraCard Services (ECS) from Opus Software. The terms of the deal have not yet been disclosed and the deal is expected to close sometime around the end of the second quarter of 2014. Get the Full Story...
Ever wonder really how money flows between businesses cross border? Well, you sort of need a scorecard given its complexity, number of payments methods and the role of new players in introducing new options. Here’s our take on just how it happens, region by region...
Alibaba gets all the attention. Given its astonishing market capitalization, wealth of holdings, army of users and status as sitting on the edge of the largest IPO in the history of possibly ever, that is not an entirely surprising development. Alibaba, however, isn’t the only...
The Canadian dollar firmed modestly against the greenback on Thursday after data showed domestic manufacturing sales rose in March for the third month in a row. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Once just an idea in an apartment at the high of the tech bubble and now the largest B2B trading platform in the world, Alibaba now could be the most humungous IPO in history. How did this transformation develop? We've made a handy infographic to...
Competitor Alibaba may get all the attention but investors in home country rival Tencent had some reasons to feel fairly good about their pick this week. Though the company’s first quarter earnings are a bit of a muddle due to some highly complex deals and a...
The Mexican loan calamity; wherein Citiigroup’s Mexican extension Banamex loaned $400 million to a company that could not pay them back, has thus far has been equal part expensive, embarrassing and generally damaging for the company. The scandal has now has claimed its next round of...
According to new data released by consulting firm Bain & Company, 55 percent of British internet users are aware of mobile payment options, but only 3 percent have actually used their mobile phones to pay for transportation or goods in real life. This data dovetails nicely...
