The Chinese New Year is upon us — and as is their annual custom, Tencent and Alibaba are competing to see which firm can own the hongbao game. For those unfamiliar, hongbao is the name for the tradition of gifting red envelopes with money inside. Get the...
Remittances — cash payment into Mexico from expats living in the U.S. — are a national cash cow. In fact, remittances are the largest source of cash that comes into Mexico — and they may now be threatened by President Trump’s widely anticipated announcement of...
Dubai’s startup and tech scene has come a long way in the past three decades — the city is now a major business center in the Middle East, attracting investors and entrepreneurs from around the world. In this week’s Tech Center tracker, we take a...
Bloomberg reported that a new digital payments system debuting in Thailand will help banks save as much as $2 billion across 10 years tied to limited cash use. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
An electronic payments platform developed for U.K. parents of school-aged children announced yesterday (Jan. 24) that it will be partnering up with a new FinTech charity initiative. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
For the first time in two years, China’s economy has accelerated, which the National Bureau of Statistics said was sparked by transport, deliveries and eateries. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Globally, the smartphone market may be getting saturated, but in China, the mobile internet has reached 50 percent for the first time ever, according to the China Internet Network Information Center (CNNIC), the government agency in charge of the internet. Get the Full Story Complete...
Thanks in part to increased spending on the part of the government and record lending from banks, China’s economy grew more than the 6.8 percent expected in the fourth quarter. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Big banks, since the halcyon days of the Great Recession, have had a long sit in the naughty chair — widely maligned as the bad guys from Main Street to the annual World Economic forum in Davos. Get the Full Story Complete the form to unlock...
