Minute-by-minute currency fluctuations mean that treasurers find it hard to predict the best time to buy, but the benchmarking system favoured by banks has got them into hot water for manipulating figures.
Japan is considering making its business banking model more flexible in order to take advantage of advances in financial technologies.
Visa agreed to transfer the processing of transactions made on its cards in Russia to the country’s new local payment system on Thursday, following a similar agreement made by MasterCard in December.
American Express violated US antitrust law by preventing merchants from recommending consumers use cheaper credit cards, a federal judge ruled on Thursday.
The Maduro administration is to abandon the three-tier foreign exchange structure that critics say is holding back Venezuela’s economic growth.
China's financial services are preparing to give away billions of yuan to customers through a "red letter day" promotion that will issue small amounts of cash or gold to customers at random.
The private placements market has boomed since the crash - but this has been restricted to domestic markets. Now, this looks set to change.
Five-year-old payment automation company MineralTree has raised $11m in a Series B funding round led by First Data, in order to fast-track its product development and sales operation.
Funding negotiations are underway for Alibaba-owned Ant Financial Services Group, with a number of state-owned banks believed to be poised to make an offer.
Disruptive internet technology companies are threatening to undercut profits in Vietnam’s military-owned telecoms industry, sparking a government crackdown on entrepreneurs.
