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Police Allege Money Launderers Are Using Chinese eCommerce Sites To Move Money

PYMNTS

Chinese authorities have made a series of arrests alleging more than $2 billion was laundered at offshore gambling sites through faux eCommerce purchases. In June, the Nikkei Asian Review reported that Chinese officials are considering an East Asia digital currency in a bid to combat money laundering. .

eCommerce 124
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In Europe, Building The ‘Bridge’ Between eCommerce Merchants And Traditional Banks

PYMNTS

Lilia Metodieva , managing director at Monneo , told PYMNTS platforms that link solution providers, partners, banks and merchants together can help speed that pivot toward eCommerce with agility as consumer buying patterns remain fluid — and digital. and FX Payments in 134 currencies. But eCommerce, she said, is a different story.

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Future-Ready Financial Institutions

Global Finance

Already 70-80% of its 670 million population are active internet users, and there is tremendous opportunity to capture – Asia Pacific’s ecommerce market value is projected to grow to over US$28.9 trillion by 2026, according to the International Trade Administration. Real-world applications of this approach are already in motion.

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TRENDING: BigCommerce On How Platforms Solve Big eCommerce Payment Complexities

PYMNTS

When consumers make a purchase online or through a mobile app, they expect the process to be simple and secure. However, they also expect to be able to pay using the method of their choosing, and in their local currency. Around The Payment Platforms World. About The Tracker.

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CyberSource: Helping Merchants Prepare For eCommerce ‘Mini Peaks’

PYMNTS

Amid the continued shift to eCommerce, peak season is getting redefined to the point that platforms and even countries are “manufacturing” their own huge events spanning borders and currencies. The conversation came as eCommerce is growing five times faster than in-store sales, at a compound annual growth rate of 9.5

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Taking China’s eCommerce Lessons On The Road

PYMNTS

China has been the belle of the ball when it comes to the global potential of eCommerce — for both consumers and businesses — for the better part of the last decade. In Vietnam, that means looking at an exploding eCommerce opportunity. The Next Evolution of Chinese eCommerce .

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SWIFT Ties gpi To eCommerce And DLT

PYMNTS

Payments messaging company SWIFT said it will test gpi Link, “a gateway to interlink eCommerce and trading platforms with the SWIFT gpi payment service.”.