The Golden Week holiday in China from Oct. 1-8 saw an increase in local spending and online foreign sales as the COVID-19 pandemic prevented millions from traveling overseas, CNBC reported Monday (Oct. 12). Get the Full Story Complete the form to unlock this article and...
In today’s top payments news around the world, China’s central bank is issuing $1.5 million of digital currency to 50,000 people chosen by lottery, while a U.K. watchdog proposed that the nation considers creating a new regulatory unit. Plus, European Union (EU) regulators are drawing...
European Union (EU) regulators are drawing up a list of up to 20 large internet companies, possibly including Facebook and Apple, to be targeted with far more strict regulations in the future to limit their market power, according to a report from the Financial Times...
Europe is falling back into COVID-19’s grip as the virus delivers a harsh rebuke in country after country whose residents thought they’d beaten it, The New York Times reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Vijay Shekhar Sharma, Indian billionaire and founder of payments decacorn Paytm, is leading a charge to topple Google’s dominance over the internet. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
In today’s top payments news around the world, cross-border payment platform dLocal has grown its network, while Mambu is joining forces with New Zealand digital lending platform Ranqx to enhance digital lending. Plus, police in Uganda are probing the hacking of a third-party processor of...
The government of the Philippines is considering limiting the number of digital banks that operate in the country, Bloomberg News reported on Thursday (Oct. 8). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
The COVID-19 pandemic is accelerating a rise in global extreme poverty, the first time there has been an uptick since before 2000, the World Bank said on Wednesday (Oct. 7). It is estimated that the worldwide pandemic will propel 88 million to 115 million people into extreme...
In today’s top payments news around the world, Razer Fintech and Visa have unveiled the Razer Card prepaid card, while SafetyPay has joined forces with LATAM’s Rappi. Plus, the Abu Dhabi Investment Authority (ADIA) is investing roughly $750 million in Reliance Retail Ventures Ltd. Get...
