International

International
India Reopens Some Areas To Nonessential eCommerce, Ride-Hailing
May 04, 2020

India’s Ministry of Home Affairs has given the green light to Amazon, Flipkart, Ola, Uber and others to resume their services in some parts of the country. India is in the midst of its third lockdown due to the coronavirus pandemic and has set a...

International
Grab Wants Staffers To Accept Unpaid Leave, Decreased Hours
April 30, 2020

Grab Holdings Inc. has started to request that workers accept decreased hours or take a leave without pay so the company can steer clear of reducing its workforce, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

International
WhatsApp Considers Extending Loans To Indian Users
April 29, 2020

WhatsApp in India is considering a move into credit and lending so it can extend loans to users in the country, according to a report in The Next Web on Wednesday (April 29). Get the Full Story Complete the form to unlock this article and...

International
EU Reignites Efforts To Force Big Tech Transparency
April 28, 2020

EU leaders are getting ready to initiate a consultation on its Digital Services Act after pausing it in the wake of the coronavirus pandemic, the Financial Times (FT) reported on Monday (April 27), citing a source with knowledge of the discussions. Get the Full Story...

International
Goldman-Backed Startups Jumia, Twiga Team For Kenya Produce Delivery 
April 28, 2020

Two African startups backed by Goldman Sachs — the eCommerce platform Jumia and the B2B AgTech startup Twiga Foods — have teamed for produce delivery in Kenya. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

International
Western Union Expands Cross-Border Real-Time Money Transfers
April 23, 2020

Money transfer firm Western Union has further expanded its global network for real-time payments and transfers to 50 additional countries when paid into certain banks and digital wallets. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Global Payments
COVID-19 Puts $100B Dent In Global Remittance Flows
April 22, 2020

The world remittance fall-off anticipated because of the coronavirus pandemic could have serious effects for numerous countries, according to a Financial Times report that cited the World Bank. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

International
EU Says Tourism Sector Could Slide 70 Pct. From COVID-19
April 21, 2020

Europe’s $849 billion annual tourist industry is taking a beating as visitors heed stay-at-home orders around the globe amid the COVID-19 pandemic. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

International
SoFi Buys Hong Kong ‘Automated Investing’ Platform
April 21, 2020

The FinTech company SoFi is making its first leap to go global with a big move into Hong Kong. The opening of a Hong Kong outpost is part of SoFi’s bid to acquire online brokerage firm 8 Securities, while expanding its business and serving up...