THE globe

CU News From Around the Planet

BEIJING, China—The commercial, state-backed Bank of China (BOC) and financial services corporation China UnionPay (CUP) have entered into a partnership.

DUBLIN, Ireland–A new survey commissioned by the Irish League of Credit Unions has found that more than three quarters of parents in Ireland are struggling to meet the costs of sending their children to college—and in some cases are turning to payday lenders to cover the bills. 

MADISON, Wis.– More than 750 credit unions raised nearly $1.5 million toward international development during 2017, while more than $200,000 was raised to help CUs hit by hurricanes in the Caribbean, according to the just-released annual report from the Worldwide Foundation.

LONDON—Brexit fears have not stopped the U.K.’s financial technology industry from attracting more than $16 billion (£12 billion) of investment in the first half of 2018, more than any other country, a new report reveals.