Japan’s biggest e-commerce player, Rakuten Inc., has plans to raise $1.5 billion via a share offering. The firm is looking to strengthen its financial position as it moves to expand through acquisitions. Get the Full Story Complete the form to unlock this article and enjoy...
Despite the fact that smartphones and bank cards are NFC-based and that new NFC driven apps are increasingly available, the technology remains rather marginal in France. The infrastructure is there without the interest, reports ZDNet in France. One hurdle is the fact that stores are ill-equipped, and...
The mobile payments space is big enough for both Google and Samsung, according to the latter company’s president/chief strategy officer. 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...
Alibaba is doing well. So well that its owner, Jack Ma, decided to expand to Russia, following long time rival eBay as well as Amazon, according to Forbes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Citigroup may wind down its Banamex USA operations as a part of a settlement with U.S. regulators amid allegations that the California-based unit has been beset by weak money laundering controls. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Edward Gilligan, president of American Express for the past two years, died after becoming seriously ill on a flight back to New York from a business trip on Friday (May 29), the company said in a statement. Get the Full Story Complete the form to...
A security breach experienced by Woolworths, an Australian supermarket chain, further fuels the debate on the growing costs of data breaches worldwide. Last week, a spreadsheet with the personal details (names, emails and gift codes) of thousands of Woolworths customers was mistakenly emailed to around...
Foreign payment networks can enter the Chinese payment market —an industry that handled $73 trillion in 2014 according to Bloomberg — marking a huge opportunity for companies such as Visa and MasterCard. Until now, UnionPay, the Chinese payment network, which was initally created by its Central...
Swatch is still looking to make inroads into the smartwatch market, with an emphasis on remote payment abilities, its CEO said. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
