All articles by Ellie Chambers
Ellie Chambers
Chinese opt for bank transfer over cash for New Year gifts
Over half of Chinese would rather receive New Year gifts of money electronically than in the traditional red envelopes (lai see), according to a survey.
Largest Zimbabwe telecoms set to face off over mobile payments
Telecel, Zimbabwe’s second largest telecom, is squaring up to its bigger rival Econet by launching its long awaited mobile payment service.
Challenger to PayPal enters investment deal that values it at $1.75bn
Online payment start-up Stripe has raised $80m from investors in a deal that values it at $1.75bn.
‘Move quickly, frequently and effectively’: the secret to AmEx’s social media success
With nearly 700,000 Twitter followers and 33,500 YouTube subscribers, American Express stands out amongst other financial service companies in terms of social media. Ellie Chambers asks Stacy Gratz, vice president for international digital partnerships and social media strategy: whats AmExs secret?
Swedbank winding down mobile payments service just six months after launch
The Swedish-based Swedbank has announced it is winding down its mobile payment service just six months after launching it.
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Banco Popular and Orange launch m-payments for Dominican Republic
One of the Dominican Republic’s biggest banks, Banco Popular, and network provider Orange Dominicana have launched a mobile payment called “Orange M-peso”.
Starbucks app stored payment credentials in cleartext
Starbucks executives have confirmed that the coffee chain’s mobile payment app has been storing payment credentials in cleartext.
People’s Bank of China not trying “to suppress or discriminate against Bitcoin”
China’s central bank has defended its stance on the cryptocurrency Bitcoin, saying “the bank does not want to suppress or discriminate against it.”
Money exchange companies in UAE refuse to lower fees on transfers
Money exchange companies in the UAE have rejected proposals by the central bank to lower fees on domestic cash transfers.
Online retail giant Alibaba bans sale of Bitcoin
In a further blow to Bitcoin’s standing in China, online retail giant Alibaba has banned the sale of the digital currency.