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MoneyGram Teams With LuLu Money To Power Asia-Pacific Transactions

PYMNTS

A recent report from the United Nations indicates that tech advances in the remittance marketplace “could help enable financial inclusion for hundreds of millions of people in the Asia-Pacific region.”. ” Launched in 2009, Lulu Money has five million users processing 1.1 million transactions annually.

Regional 250
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Precautionary facilities: stitches for a fragmented financial safety net

BankUnderground

Fragmentation is likely to have wide-ranging implications for the global economy, including increasing the volatility of capital flows and exposing gaps in the global financial safety net (GFSN). The GFSN consists of a set of financial instruments and institutions that act as insurance for countries facing sudden stops in capital flows.

Capital 81
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Tencent Buys Stake In Tesla

PYMNTS

On Tencent’s part, the move looks to capitalize on Tesla’s fast-growing market in China, which last year accounted for over $1 billion of the automaker’s total revenue. Working together, Tesla and Tencent could feasibly leverage Didi’s existing network in China to bring self-driving vehicle models into the nation of over 1.3

National 100
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Frugal Consumers Buying More Off-Brand, Off-Price Products

PYMNTS

consumers in 2009 by Booz & Company, a global strategy consulting firm owned by PricewaterhouseCoopers, found that the Great Recession brought a “new frugality” to consumers that was only becoming more “entrenched” and would likely “persist even as the economy starts to recover.”. A survey of 2,000 U.S. A survey of 2,000 U.S.

Branding 100
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How Home Depot’s Hedging Against A Downturn With Digital

PYMNTS

Despite retail’s slump, the stock market did well in 2017. Consequently, some of Home Depot’s strength came from the overall strength of the market. Since it was real estate that had tanked the economy, the market more or less froze solid for all but the well-capitalized. However, Home Depot was hit especially hard.

Retail 101
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Flow of funds and the UK real economy

BankUnderground

Meanwhile, UK corporates also increased their debt levels in the pre-GFC period as they borrowed from banks (aqua bars in Chart 2) while also taking advantage of the increased accessibility to capital markets where they issued bonds (green bars in Chart 2). a) Final data point is aggregated quarterly data in 2023 up to 2023 Q3.

Lending 64
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The Tale of the Digital Banks

Gonzobanker

Yet while the demos and screen shots at events like Finovate have provided fascinating fodder regarding the future of digital banking, the FACTS show that these buzz-worthy players have had infinitesimal impact on market share. Capital One* 29,565,607 54,374,989 24,809,382. Gonzo readers, let’s look at the facts. billion in 2010.