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China may be removing UnionPay's regulatory monopoly over card payments clearing, but loosening its grip on the market is another matter.
Last month Western Union sharply cut its prices to keep pace with the retail giant, several months after MoneyGram took a similar step. The developments offer a reminder of Walmart’s consumer finance ambitions.  more »
Financial services technology has dramatically improved payments for consumers. E-commerce connects buyers and sellers around the globe.  more »
FinTech Forward
Starbucks' Mobile Pay Updates Win Over New Audiences
The ubiquitous coffee chain is making new inroads with its mobile payments app, and its success underscores how nonbanks can outdo banks at their own game and should be watched closely by banking industry participants.  read more »