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Indian gov't says cash crunch temporary

TheIndiangovernmentonTuesdaytermedthecashcrunchinpartsofthecountryas"temporary"andsaiditisbeing"tackledquickly.""Havereviewedthecurrencysituationinthecountry.Ov

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Novartis shells out $8.7 billion to buy AveXis

Novartis(NOVN.S)saidonMondayitplanstobuyAveXis(AVXS.O)for$218pershareinacashdealtotaling$8.7billionastheSwissdrugmakeraddsacompanywhosetopdrughopeful,forspinalm

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Payment apps surge amid massive hyperinflation in Venezuela

Cash-scarceVenezuelansareturningtopaymentappsastheresultofthecountry'seconomiccrisis.WithhyperinflationinVenezuelahoveringaround4,000percentandamaximumATMwithdr

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China tightens rules on oversea cash withdrawals

Chinahastightenedrulesonhowmuchcashcardholderscanwithdrawoverseasinabidtoclampdownonmoneylaundering,terroristfinancingandtaxevasion,authoritiessaidSaturday.Thea

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Beijing cracks down on P2P online lenders

TheBeijingInternetFinanceAssociationhasorderedP2Ponlinelenderswhoareengagedincashloanstocheckinwiththeassociation,andkeepinterestratesbelow36%,ThePaperreported.

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India: Government gives incentives for digital transactions

ByAPDwriterRishikaChauhanNEWDELHI,November11(APD)--Thegovernmenthasdecidedtoencouragedigitalpaymentsbypopularizingmobilephoneapplications(apps).Inanote,theminis

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China to step up oversight of online cash loans

AsonlinecashloanserviceprospersinChina,theChinesegovernmentisreadytostepupitsoversightofthislightlyregulatedindustry.JiZhihong,directorofthefinancialmarketsdepa

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America’s cash-free future is just around the corner

ShakeShack'snextburgerjointatAstorPlaceinNYCdoesn'twantyourmoney--atleastnotthephysicalvariety.Inanefforttoreducethe"frictiontime"betweenpayingforyourmealandeat

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India rupee: Illegal cash crackdown failed - bank report

Indiansreturnedalmostallofthehigh-currencynotesbannedinlastyear'sshockgovernmentcrackdownonillegalcash,thecentralbanksays.Itsaid15.28tnrupees($242bn)-or99%-ofth

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Bitcoin cash and the ‘civil war’ that is disrupting digital currency

AgroupofChinesecryptocurrency“miners”whousespecialsoftwaretosolvemathproblemsandgetbitcoininreturn,werelongingfortheirownversionofbitcoin.Withaspin-offlaunchedt

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Beijing is China's "smartest city": report

Beijing is the "smartest" city in China, according to a report on the cashless society released Monday.

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China cashing out as mobile payment soars

Yang Qianqian holds out her smartphone to scan a barcode on the mobile of a vendor selling fresh fruit and vegetables at a bustling outdoor market in Beijing.

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China cashing out as mobile payment soars

YangQianqianholdsouthersmartphonetoscanabarcodeonthemobileofavendorsellingfreshfruitandvegetablesatabustlingoutdoormarketinBeijing.ThisphototakenonJune27,2017sh

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World's first ATM machine turns to gold on 50th birthday

Five decades since it heralded a transformation in the way people obtained and used cash, the world's first ATM was turned into gold for celebrations of its fiftieth anniversary.

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World's first ATM machine turns to gold on 50th birthday

Fivedecadessinceitheraldedatransformationinthewaypeopleobtainedandusedcash,theworld'sfirstATMwasturnedintogoldforcelebrationsofitsfiftiethanniversary.Thebrainch

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China's banks to offer better deals amid tightened liquidity

Tighteningliquidityinthemoneymarketduringthepastfewweekshasforcedcommercialbankstoincreasetheinterestratestheyofferforwealthmanagementproducts.Thecentralbankhas

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India's annual growth slows to 7.1% after controversial note ban

India's growth slowed to 7.1 percent last year, according to official data released Wednesday, weaker than analysts expected but still the fastest rate of growth of any major economy.