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The Rise Of Faster Disbursements

PYMNTS

In addition, the problem of fraudulent tax returns could keep growing as digital processes come to the tax-filing-and-return space. 172 billion: The value of peer-to-peer (P2P) transfers consumers made via their bank accounts in 2018. 10 : The number of countries in the region in which Grab operates.

Taxes 122
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Acquire or Be Acquired 2018: Breaks, Bulls and Business Models

Gonzobanker

Nothing seems to put a bounce in a banker’s step more than a tax break and regulatory relief, and this bountiful energy was radiating at Bank Director’s annual “mecca” for bank M&A in Phoenix last week – Acquire or be Acquired. For those in the know – simply AOBA. The chatter at AOBA centered on three important topics: #1: The Breaks.

Taxes 75
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With Argentina’s Economy Slumping, Walmart Sells Stores To Grupo de Narváez

PYMNTS

Walmart is leaving Argentina, announcing a deal to sell its stores there to a regional grocery chain amid an economic crisis that is gripping the South American country. 6) it would sell its retail operations in Argentina to Grupo de Narváez, a top South American supermarket chain. Argentina faces trouble on two fronts.

Retail 152
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Uber Reportedly Close To Buying Competitor Careem

PYMNTS

The deal would help to grow Uber’s operations in the region. Careem has upwards of one million drivers and operates in more than 100 cities in the region. It also said Uber’s loss before interest, taxes and non-cash items would fall to $500 million in 2019 from a projected $1.7 billion in 2018.

Report 129
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Revolut Taps JPMC To Raise $1.5B For Global Expansion

PYMNTS

Late last month the company announced it was expanding its partnership with Visa to include five new regions in 24 markets including Canada, Japan, Singapore and the U.S. In fact, it recently reported a pre-tax loss of £33 million for 2018, which is double the amount of the previous year. banking licence.

Taxes 163
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Mastercard Tops 20174Q Views on Robust Cross-Border Transactions

PYMNTS

tax laws had on other firms recently reporting results, Mastercard put up numbers Thursday (Feb. Excluding the aforementioned tax impact, earnings per share came in at $1.14, two pennies better than Wall Street expectations. As for its own tax savings, the company will use at least part of the money to boost financial inclusion.

Taxes 100
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SAFE Banking Act Gains Cannabis-Friendly Spotlight In Congressional Hearing

PYMNTS

The hearing itself was a small victory for proponents who wish to open up the banking system to legal pot operators. That’s because it marked the first hearing dedicated to a proposed bill in Congress that would offer financial institutions protections against federal regulators when dealing with legal cannabis operations.

Oregon 230