A recent police complaint alleges that the Punjab and Maharashtra Co-operative Bank (PMC) made up 21,000 fake accounts to hide loans, according to a report by Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Amsterdam FinTech startup bunq is expanding into 22 additional countries after successful launches in Austria, Germany, Italy, Spain, France, Ireland and Belgium, TechCrunch reported on Tuesday (Oct. 1). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Zimbabwe, in an attempt to control the spiraling inflation problem with its currency, is restricting mobile money and tightening controls for foreign exchange outfits. It is also disallowing the quoting of any prices other than its own currency, according to a report by Bloomberg. Get the...
The European Union’s executive branch has called for urgent action to reverse what it believes is the region’s heavy reliance on computer hardware and software from other countries. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
PayPal has bought a majority stake in Chinese payments group Guofubao (NationPay), and has acquired a payments license in the country, according to a report by the Financial Times. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
China’s financial markets will stay open and foreign investment will be welcomed even though U.S. President Donald Trump is calling to curtail funds. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
In a move that increases pressure on multinationals, European Union commissioners-designate said the bloc should come to an agreement on a digital tax if a deal doesn’t happen at a worldwide level by the conclusion of 2020. The incoming commissioners also noted their priorities on...
Shares of well-known Chinese companies, like Alibaba, JD.com and others, dropped sharply on Friday (Sept. 27) amid news that the United States might be curtailing Chinese investments, according to a report by CNBC. Get the Full Story Complete the form to unlock this article and...
Sabine Lautenschläger, Germany’s representative on the European Central Bank’s executive board, has resigned over the institution’s changes to its monetary policy. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
