EBA Clearing, a Paris-based provider of pan-European payment infrastructure, announced yesterday (April 19) that it has the support of 40 financial institutions for the creation of its pan-Euro instant payments platform for Single Euro Payments Area (SEPA) transactions. Get the Full Story Complete the form to...
The trade association for the British payments industry, known as Payments UK, said on Tuesday (April 19) that it has debuted a “new one-stop shop” tied to standards that affect the country’s entire payments industry. Get the Full Story Complete the form to unlock this...
A new study by Visa Europe finds traditional banks hold sway over tech-driven alternative payments providers — at least, for small business owners in the United Kingdom.
Ant Financial — the finance affiliate of Alibaba Group Holding Ltd. — is eyeing an IPO on Shanghai’s main board for some time later this year, according to reports. The public offering could be China’s largest since 2010, according to two people familiar with the matter. Get the Full...
A new remittance service being rolled out by MasterCard, Western Union, bKash and BRAC aims to open up financial inclusion to 22 million Bangladeshis. Barb King, MasterCard’s SVP of P2P segment, tells PYMNTS how it works, and what might lie in the future.
Deutsche Bank suffered from a “systemic” failure in its internal controls that were set up to stymie money laundering — a discovery that occurred more than two years ago, Bloomberg reported on Thursday (April 14). Get the Full Story Complete the form to unlock this article and...
Flywire is heading east as it looks into further expanding its market to universities that are increasingly admitting international students at a higher rate. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
In China, the nation’s General Administration of Customs said it will cancel the parcel tax that has historically applied to cross-border eCommerce. The cancellation of that tax takes its place as an effort to level the playing field, competitively, between online platforms and their brick-and-mortar...
PayPal is launching PayPal Credit today in the U.K., which means, going forward, British consumers will have the option of leveraging a PayPal account to pay for goods over time instead of using a traditional credit card. Get the Full Story Complete the form to...
