Chinese President Xi Jinping is calling for wealth redistribution that includes a framework for “common prosperity,” curbing excessive incomes and working to avert financial risks, according to state media reports and other news outlets. Get the Full Story Complete the form to unlock this article...
In a bid to expand cross-border payments in the Middle East and Africa (MEA) region, Dutch payments infrastructure company TerraPay announced on Tuesday (Aug. 17) that it has signed a Memorandum of Understanding (MoU) with UAE-based Network International to promote mobile wallet acceptance and digital...
With a new surge of COVID-19, China has seen its economy slowing, CNBC reported. 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 to our daily newsletter, PYMNTS...
Investment company IIFL Finance is teaming up with buy now pay later (BNPL) startup FinBox to help merchants by offering new digital credit products, IBS Intelligence and others reported on Friday (Aug. 13). Get the Full Story Complete the form to unlock this article and...
Cambodia’s central bank is partnering with Malaysia’s Maybank for digital cross-border money transfers. The transfers will initially start with Malaysia to Cambodia, with Cambodia to Malaysia to be added in the future. Get the Full Story Complete the form to unlock this article and enjoy...
“Notoriously difficult and hard to implement.” That’s the initial feedback from the head of the Emerging Payments Association (EPA), Tony Craddock, on a new set of rules put forth by the U.K.’s Financial Conduct Authority (FCA) that would dictate the “duty” that businesses have to...
RippleNet, Ripple’s global financial network, announced on Wednesday (Aug. 11) a third addition to its list of financial institutions (FIs) and money transfer companies in South Korea — Global Money Express (GME Remittance) — after partnerships with CROSS ENF and Sentbe. Get the Full Story...
China has turned its focus to the country’s insurance technology platforms as the nation’s banking and insurance watchdog continues its regulatory crackdown on businesses in a variety of vertical markets, to the dismay of investors around the world. Get the Full Story Complete the...
The Bank of Jamaica (BOJ) minted the first installment of what’s expected to be 230 million JMD (nearly $1.5 million) in central bank digital currency (CBDC) on Tuesday (August 10). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
