The Chinese government released on Saturday (June 20) a series of guidelines to support cross-border eCommerce, its new pet project. China-based eCommerce companies will be handed state support on international projects and credit insurance services, according to various reports. According to Reuters, the government’s support...
After less than a month, Alibaba CEO Jack Ma is back in Russia to attend the St. Petersburg International Economic Forum, but also to discuss with Russian officials the common objectives eCommerce offers the two nations, reports Watch China Times. Ma is hoping for his No....
In March 2014 — before Alibaba was a publicly traded company — the eCommerce giant made its mark in the U.S. eCommerce market with the rollout of 11 Main. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
India is likely to adopt several incentives to spur increased adoption of electronic payments, according to draft proposals released by the government on June 22. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
The Royal Bank of Scotland confirmed that the 600,000 credit and debit transactions that were held up early last week due to a payments failure have now been processed correctly, Bloomberg reported late last week. Get the Full Story Complete the form to unlock this...
China’s Ministry of Industry and Information Technology stated that it will allow foreign ownership of some eCommerce businesses, a move that Reuters said Friday (June 19) would encourage foreign investment in the industry. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Australians are banking on their smartphones and plan to ditch their debit and credit cards for their mobile device within 18 months, according to a recent Australia-based Fair Go Finance survey, conducted between March 30-April 15, 2015. And around 11 percent said they would use...
While innovation is generally welcomed with open arms by most, it’s also bound to shake things up. And in Canada, it’s done just that, as fast-paced innovation on the mobile payments front is causing banks to take one step forward and then two steps back. Get the...
The Bank of China and 297 people are facing indictments in Italy involving a massive money laundering operation. Most of the suspects are Chinese nationals residing in Italy – but the roster of those facing charges also includes four senior managers of the Chinese state...
