Following Amazon’s acquisition of PillPack in June, Morgan Stanley Analyst Javier Martinez noted that the eCommerce retailer could take on the drugstore market in Brazil. Such a move could bring competition for Brazil drugstore operator Raia Drogasil SA, which is already planning to open 240 stores, Bloomberg reported. “We argue that investors should start considering potential […]
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While most people in the US have been distracted by Democratic and Republican Senators bickering over what now Justice Brett Kavanaugh was up to 36 years ago, a lot has happened in the world of finance, and it directly impacts how we should think of the digital currency marketplace. Mainstream media is fixated on how […]
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HSBC and Standard Chartered have vowed to continue supporting Chinese companies amid ongoing trade tensions, according to reports Wednesday (October 10). Global Trade Review said the FIs, which operate as two of the largest trade finance providers in Asia, have emphasized their commitment to the Chinese market and existing government initiatives including Made In China […]
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The European Commission announced Wednesday (October 10) that it plans to provide European Union states with guidelines for handling national schemes to sell passports and residency permits to wealthy foreigners. Reuters, citing the European Commission, reported that the move comes as lawmakers and those running for office have been raising concerns about money laundering. Reuters […]
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First Data, the global commerce-enabling technology company, and BlueSnap, a payments technology provider, announced on Wednesday (October 10) a partnership to combine BlueSnap’s All-in-one Payment Platform with the suite of global and local payments solutions offered by First Data. In a press release, the companies said the partnership will also provide BlueSnap with access to First […]
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By some accounts, the 2018 holiday season is going to be a bang-up year for retailers. Unemployment is down and consumer confidence is up. Holiday sales for U.S. retailers are expected to increase 4.8 percent this year, according to the National Retail Federation (NRF) — well above the 3.9 percent increase experienced over the past […]
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While children are sitting in schools studying the “real” three Rs (reading, writing and arithmetic), payments peeps will be looking at the local version: risk, rewards and real time. What all three have in common is being on the rise. Businesses want to get paid and get paid faster (or instantly, if possible), and are willing to go […]
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Waze Carpool, the Google-owned app that connects people with rides, announced Wednesday (Oct. 10) that the service is now available nationwide. In a blog post, Waze Carpool said it now has 110 million monthly active users globally, and that every month, more than 12 million Waze users report over 60 million incidents. But with traffic […]
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WhatsApp, the messaging app owned by Facebook, said on Wednesday (Oct. 10) that the bug that enabled hackers to take over apps when a user answered an incoming video call has been fixed. According to a Reuters report, WhatsApp’s comments that the problem is fixed came after ZDNet and The Register reported the security weakness, […]
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Regal Software has announced a collaboration with Mastercard that enables financial institutions to support virtual corporate payments. In a press release, Regal said its agreement with Mastercard will allow banks to provide an integrated payables platform that supports virtual card payments. Together, the companies are launching RegalOne, an application that provides integrated virtual cards to […]
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