Ride-hailing firm Grab, based in Singapore — which entered a deal to acquire Uber’s southeast Asia business in the first quarter — is reaching even farther into the region. The company said earlier this week that it would launch Grab Ventures, where it will invest...
Amid China’s crackdown on financial risk, Ant Financial is moving away from consumer finance and payments. Instead, it is honing in on technology services, CNBC reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
After raising $37 million in a funding round backed by investors such as Idinvest and Allianz, French lending platform Lendix is eyeing expansion in Europe. The backing will provide a boost to its growth plans in countries such as Germany, TechCrunch reported. Get the Full...
Italy’s UniCredit and French rival Société Générale are planning to merge, which could lead to other big banking mergers throughout Europe. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Add “social credit” to the list of factors that could influence the Chinese economy — and, perhaps, consumer activity in other parts of the world. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Five of the biggest banks in the Nordics are teaming up to create a joint anti-money laundering infrastructure. 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...
In 2016, 95 percent of transactions in India were done in cash and there were approximately 60 million online shoppers, representing about 14 percent of the nation’s internet-using base, according to a late 2017 report by Morgan Stanley. Get the Full Story Complete the form to...
A former partner and part-owner of Mexico’s InvestaBank SA has pleaded guilty to a U.S. charge that he fraudulently obtained $21 million in tax refunds from the Mexican government. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Though critics are saying Venezuela’s monetary overhaul will create chaos, the country’s president warned businesses not to slow operations during next week’s overhaul. According to Reuters, “Socialist President Nicolás Maduro announced in March that the bolivar currency would be redenominated on June 4” in an...
