Indian banks could be on the hook for more than $3 billion thanks to a massive fraud scheme revealed by Punjab National Bank last week. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Investors worldwide got quite a scare from India’s Punjab National Bank (PNB) with the announced discovery of $1.8 billion in fraudulent activity at one of its branches, according to Reuters reports. The bank said in a statement that “a few select account holders” appear to have...
The Winter Olympics are in full swing in Pyeongchang, South Korea. Opening ceremonies took place Friday night, local time (early Friday morning for the U.S.) as athletes and spectators from 92 nations came together to kick off the two-and-a-half-week Games. Events will continue through Feb....
Two proposed bills that would keep China from obtaining sophisticated U.S. technology might be revised after complaints from major American companies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Ant Financial — parent firm of Alipay — is reportedly gearing up for a $5 billion equity funding round that could inflate its valuation all the way to $100 billion. Said fundraising would also bring the financial services company, which is still 1/3 owned by...
Who said the future is in the cards? Whoever it was clearly had not heard of the term “financial inclusion.” In Latin America, among others, the future of payments is neither in the cards nor in the cash — but in the digital payments ecosystem....
Western Union, the wire payments company, announced news on Monday (Jan. 29) of the launch of its Western Union Technology Engineering Centre (WUTEC), a new technology center that is located in India. Get the Full Story Complete the form to unlock this article and enjoy...
Alipay is partnering with Israel Credit Cards (ICC, CAL) and OneBill to launch its payments service platform in Israel. 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...
JD.com, the second largest eCommerce company in China — second only to Alibaba — railed against the U.S. on Wednesday (Jan.24), arguing the stance of protectionism the government has embraced under Donald Trump will ultimately backfire. Get the Full Story Complete the form to unlock this article...
