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Today In Payments Around The World: US Halts Tariffs On French Products; China Considers More Stringent Online Oversight

PYMNTS

In today’s top payments news around the world, the United States is halting tariffs on French products, while the Cyberspace Administration of China is considering a revamp of internet oversight regulations. The United States is scrapping an effort to place tariffs on $1.3

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Off The Continent And Into Puerto Rico For Online SMB Lending

PYMNTS

In an interview with PYMNTS, Rohit Arora, chief executive officer of Biz2Credit, stated that the digital platform and online lending applications are conducive to a mobile-centric interaction between Oriental Bank and smaller businesses.

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MercadoLibre To Invest More Than $716M In Brazil

PYMNTS

Bloomberg reported that MercadoLibre, which is based in Argentina and registered in the United States, has seen its market value rise to $61 billion — driven in part by the shift to online shopping caused by the pandemic. However, it is not simply a technology or a regulation.

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Grab Rolls Out Shopping And Delivery App In SE Asia

PYMNTS

Launched amid the coronavirus crisis, Grab ’s new online grocery shopping delivery service is on its way to grabbing a sizable share of the Southeast Asian market on the heels of a major expansion. shoppers were buying retail goods online as of May 23, up from 29.2 More than 35 percent of U.S.

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New Data: Tracking The Consumer, Merchant Digital Shift Down Under

PYMNTS

Yet how consumers are actually using digital tools to enhance or transform their shopping experiences depends greatly on local circumstances, including cultural preferences and technological development. Top-performing merchants in Australia offer robust arrays of digital features, and they are adept at bridging the digital in-store divide.

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Why Venture Capital Is Accelerating In Asia — Why It’s Different From The Valley

PYMNTS

The conversation came against a backdrop where the number of fundraising deals in the Southeast Asian region were higher in 2020, as measured through the second quarter — more than 60 percent higher over the second quarter of last year, in fact, to 184 deals as measured by DealStreetAsia.

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WHO Warns Europe Is Entering ‘Acute’ Phase Of Pandemic

PYMNTS

Not only are we in the thick of it, we are probably in the European region in the most acute phase of transmission, and we continue to see a really big impact on hospital wards,” said the WHO’s Dr. Catherine Smallwood during an online press briefing, CNBC reported on Thursday (Jan. in particular, has been extremely hard-hit. “We

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