The finance ministry in India passed a new regulation saying that companies with sales of more than ₹50 crores (about $7 million) will have to offer customers electronic payment modes like debit cards, powered by RuPay, according to a report by LiveMint. Get the Full...
The People’s Bank of China (PBoC) is planning to pump about $115 billion into the economy by freeing up lenders to write more loans, The New York Times reported on Wednesday (Jan. 1). Get the Full Story Complete the form to unlock this article and...
New Russian protectionist legislation takes aim at U.S. Big Tech companies as additional laws are being prepped to restrict content. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
A decline in ATM usage in the U.K. has left many people resorting to only using their local shops to withdraw cash, due to a declining number of bank branches and free-to-use ATMs. However, the Association of Convenience Stores (ACS) said that the Link service’s...
The Reserve Bank of India (RBI) has made some payment moves to boost the National Electronic Toll Collection (NETC) in the country, according to the Business Standard. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Chinese banks are easing loan requirements in an attempt to stimulate a stalled economy and fulfill the government’s goal to increase small business lending by 30 percent, the Financial Times reported on Sunday (Dec. 29). Get the Full Story Complete the form to unlock this article and...
Ghana is looking to drop its currency, the cedi, to join the new West African currency called “eco,” anticipated to replace the CFA franc as early as 2020, Reuters reported. Ghana is not part of the West African Economic and Monetary Union (UEMOA), which is...
U.K. insurers will not be covering as much digital property and data as they previously did, according to the Financial Times. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Italy has announced that it’s going to follow in France’s footsteps and tax big tech companies, a move that threatens to further complicate relations with the United States over the issue, according to a report by The Wall Street Journal. Get the Full Story Complete...
