Anniversaries are a time for reflection, and one year into India’s grand de-monetization drive, the results are mixed. Counterfeiting activity has simply moved to embrace the new notes. GDP is slowing. But on a brighter note consumers are ready to embrace non-cash ways of transacting. ...
The European Payments Council has announced the launch of its Single Euro Payments Area (SEPA) Instant Credit Transfer (SCT Inst), which enables nearly 600 payment service providers from eight European countries to offer instant payment solutions. Get the Full Story Complete the form to unlock...
The European Union (EU) has signed off on a plan that would require all online retailers in the European bloc to sell electrical goods, concert tickets and make available car rentals to all consumers of the European Union, no matter where they reside. Get the...
While Alibaba and its charismatic founder tend to eat up a lot of the Western press when it comes to Chinese eCommerce and its national explosion, Tencent has quietly been growing an ever-larger and more global footprint — and a bigger valuation to go along...
Alibaba is making a big offline commerce play with the announcement that it will invest HK$22.4 billion (USD$2.87 billion) for a major stake in China’s top supermarket operator, Sun Art Retail Group. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
The thing about visionaries is they can sometimes be all about the vision and not so much about the stepping stones that will get them there. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Alibaba Group Holding, the Chinese eCommerce giant, saw gross merchandise volume of $25.3 billion for this year’s Singles Day Global Shopping Festival, up 39 percent from a year ago. What’s more, 90 percent of the total gross merchandise volume for the 24-hour shopping event was...
Political regimes come and go. Structural reforms take root or don’t. Currencies wax and wane. When money chases growth (and returns) across borders, investors must gird for turbulence, as recent events in Saudi Arabia and China show.
Muhammed needs six new computers for his internet café in Jakarta. It’s a small café, and six machines are enough, but the ones he has are obsolescing fast and the young entrepreneur knows it’s time to invest in new equipment. Get the Full Story Complete...
