Amazon, Walmart and Facebook are using point of sale credit, deliveries and in-app payments to outflank Paytm in India, honing services that they see as vital to shaping the global economy's recovery.
Just as U.S. lawmakers are ramping up demand for a digital dollar, Facebook's Libra project is dialing back its scope.
Some of the country’s leading tech companies, like Facebook and IBM, have canceled upcoming conferences or restricted “nonessential” travel.