China is expediting the development of regulation aimed at preventing online lending risks and promoting market stability. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...
To help attain financial independence, Europe has reportedly been working on a money transfer system. It would be separate from the prevailing Society for Worldwide Interbank Financial Telecommunication (SWIFT), RT reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Welcome to The Axis, your late look at payments news from around the world. Coverage includes LumoXchange’s launch in the Philippines. In addition, Wirecard Brazil is rolling out new features for entrepreneurs, and UAE Exchange has rebranded its operations in Fiji. Get the Full Story Complete the form...
U.S. President Donald Trump’s behavior at foreign summits this summer could have spoiled the chances of a top Federal Reserve official to lead the Financial Stability Board (FSB). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Reports are emerging that the sage of Omaha, Warren Buffet, is in talks to pick up a stake in Paytm, India’s largest digital payment player. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
About a year after the government of Mexico signed a deal with Alibaba to help businesses sell goods online, an official with a trade group says that the effort needs many more businesses to be successful. While 24 companies have been currently approved for Alibaba,...
As consumer debt levels in the U.K. are on the rise and debt collection groups are reportedly not paying voluntary contributions, providers of debt advice say they don’t have enough resources to keep up with demand. Official figures are suggesting that more than two million...
To help stimulate credit flows to local governments and companies, The People’s Bank of China has injected 149 billion renminbi – or $22 billion – into the banking system. The government made the move on Friday (Aug. 24) by making loans to commercial banks, Financial...
Welcome to The Axis, your late look at payments news from around the world. Coverage includes Silk Way Bank’s launch of a new project for cashless payments. In addition, China’s Alipay is working to step up efforts to monitor its platform for peer-to-peer crypto trading transactions,...
