Bangladesh Clothing Suppliers Lost $3.7 Billion From Pandemic
Bangladesh Clothing Suppliers Lost $3.7 Billion From Pandemic
December 28, 2020  |  B2B Payments

The pandemic hit Bangladeshi clothing suppliers and the country’s overall economy hard when British fashion retailers had to shut down, a report from The Times...

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Report: Zomato Teams With InCred For Loans To Restaurants In India
Report: Zomato Teams With InCred For Loans To Restaurants In India
December 28, 2020  |  B2B Payments

In an effort to provide credit facilities to its eatery partners, India-based food delivery platform Zomato is said to have collaborated with FinTech firm InCred....

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US House OKs $2,000 Stimulus Checks, Sends Bill To Senate
US House OKs $2,000 Stimulus Checks, Sends Bill To Senate
December 28, 2020  |  Economy

The U.S. House of Representatives voted Monday (Dec. 28) to pass legislation raising individual stimulus check payments to $2,000 instead of $600, CNBC reported, in...

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Top 4 Chinese Tech Firms Shed $200 Billion As Regulators’ Alibaba Probe Scares Away Investors
Top 4 Chinese Tech Firms Shed $200 Billion As Regulators’ Alibaba Probe Scares Away Investors
December 28, 2020  |  International

Alibaba led another day of high-octane selling that was driven by fears of further antitrust crackdowns, Bloomberg reported. Large Chinese companies, including Alibaba and rivals...

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Bitcoin Daily: Lender Vauld Nets $2 Million To Expand To Full Crypto Bank; SEC Freezes Assets Of Virgil Capital In Alleged Fraud In Crypto Trading Fund; Japan’s SBI Holdings Claims Ripple’s XRP Is Crypto, Not A Security
Bitcoin Daily: Lender Vauld Nets $2 Million To Expand To Full Crypto Bank; SEC Freezes...
December 28, 2020  |  Bitcoin

Cryptocurrency lending platform Vauld raised $2 million to expand into full banking services, including issuing credit and debit cards and providing fiat and crypto order...

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Citgo, P97 Networks Team On Mobile Payments, Loyalty Program
Citgo, P97 Networks Team On Mobile Payments, Loyalty Program
December 28, 2020  |  Mobile Payments

Citgo is entering into a new relationship with the cloud-based mobile commerce company P97 to help consumers buy food, fuel or other items via mobile...

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Central Bank Of Russia: Electronic Money Could Render SWIFT Obsolete
Central Bank Of Russia: Electronic Money Could Render SWIFT Obsolete
December 28, 2020  |  Cryptocurrency

Digital currencies could render the SWIFT global payments network unnecessary, RT.com reported, citing the Central Bank of Russia (CBR). Olga Skorobogatova, first deputy governor of...

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Big Tech Compliance Tracker: Facebook Disables Some Instagram, Messenger Functions In Europe; Amazon Delays Merchant Fulfillment Fee Increases
Big Tech Compliance Tracker: Facebook Disables Some Instagram, Messenger Functions In Europe; Amazon Delays Merchant...
December 28, 2020  |  Regulation

Here’s the latest news from companies in the technology industry, which are coming under increasing scrutiny from officials and criticism from competitors. Facebook Turns Off...

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Wolters Kluwer Bolsters PPP Software For Lenders To Help SMBs
Wolters Kluwer Bolsters PPP Software For Lenders To Help SMBs
December 28, 2020  |  B2B Payments

Wolters Kluwer Compliance Solutions has bolstered its Paycheck Protection Program Supported by TSoftPlus™ software to speed up Small Business Administration (SBA) loan applications, according to a...

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