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Markets in Kazakhstan have begun to shun popular mobile payments to avoid a 10 percent sales tax. As of January 1, authorities started tracking mobile transactions in an effort to enforce the tax, which vendors are obliged to pay after more than 100 transactions per month. To avoid the tax, market vendors, shops, and taxis are now insisting on cash only.
Among news stories that may have sneaked under the radar during the holiday season is an interesting partnership announced about a week ago between Vienna Payment Solutions/VIPASO and technology solutions provider Interswitch East Africa (Kenya) Limited.
The People’s Bank of China announced on Saturday that Alipay.com Co has no controller, paving the way for owner Ant Group’s IPO.
Credit cards are treated as a necessity for purchasing anything, but there are many financial reasons why people may not have them, from struggling with debt to preferring not to use them. I'm a...
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