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Amazon’s Biggest Campus In The World Opens In India

PYMNTS

Because of the competition in the region, Amazon has reportedly been considering partnering up with physical stores. Amazon, for its part, started working in India in 2004, but retail endeavors began in earnest in 2013.

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Grubhub Offers Eateries $30M In Promo Support During COVID-19

PYMNTS

Chicago-headquartered delivery unicorn Grubhub said it will spend $30 million to help support more than 100,000 independent restaurants and regional franchises as the coronavirus pandemic changes everyday life, the company announced on Thursday (April 2). It has raised a total of $284.1 million in more than eight funding rounds.

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BBVA: Inquiry Into Spying Allegations Could Last Months

PYMNTS

The matter involves Jose Manuel Villarejo, who was reportedly hired by the bank to spy on executives of a possible buyer as well as government officials in 2004, at which time Gonzalez was executive chairman of the Spanish bank. The report is a response to alleged finance-related crimes and high-profile money laundering cases in the region.

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Paysafe Hires Mastercard Exec As Director

PYMNTS

Before that, he was president of the Americas Region and served as president of Mastercard Canada from 2001 to 2004. Macnee also served as president of Mastercard’s International Markets, building all aspects of the company’s issuance and acceptance businesses in over 200 countries.

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Ant Financial Names New CEO

PYMNTS

Alibaba is looking to expand Alipay into other regions and territories. Alipay was founded in 2004. Ant Financial also runs the Chinese eCommerce giant’s payment platform, Alipay, which is the dominant payment platform in China. Bloomberg reported that Ant Financial is eyeing an IPO in Hong Kong for next year.

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Popular Foundation Awards $216,000 in Grants to Nonprofit Organizations

PopularBank

Since 2004, the Popular Foundation has awarded over $2.9 Notably, grant winners are located throughout the regions Popular Bank serves and focus on the areas of education and youth, health and supported living, and community development. million dollars to grass-roots organizations. Fresh Youth Initiatives, Inc. New York, NY.

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Corporate banking in China: my crystal ball grows cloudy

Celent Banking

China’s growth into a global economic powerhouse and its resilience during the financial crisis contributed to a nearly 20% CAGR for corporate banking operating income across the top four banks from 2004 to 2014. Similarly, these banks enjoyed a 17% CAGR for corporate banking customer deposits.

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