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MoneyGram Teams With LuLu Money To Power Asia-Pacific Transactions

PYMNTS

Adeeb Ahamed, managing director of LuLu Financial Group , which is headquartered in Abu Dhabi, said the collaboration with MoneyGram “will revolutionize” how remittances are handled in the Asia-Pacific region, “changing the way people approach digital transactions.”. ” Launched in 2009, Lulu Money has five million users processing 1.1

Regional 250
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China $1.1T eCommerce Market On Horizon

PYMNTS

While some Asian country economies may be slowing down, the health of the online retail markets across the continent is booming. That same report goes on to detail how these five Asian online economies have already outpaced the combined online retail markets in the U.S. trillion by 2020.

Marketing 100
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Six Nordic Banks Team To Take On AML Issues

PYMNTS

Six major banks in the Nordic region will form a customer checking center to help combat money laundering and improve the reputation of the area’s financial institutions, according to a report by Reuters. . Danske has a $230 billion scandal through its Estonian branch , and it’s retreating from the entire Baltic region, including Russia.

Regional 147
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Should Congress Increase FDIC Insurance Limits?

South State Correspondent

In the wake of regional bank failures, one potential answer to equity shorting and bank runs is having the FDIC increase deposit insurance. private and public lending markets are the world’s envy, with a wide availability of financing options for many capital seekers across the entire capital stack. economy needs.

FDIC 195
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eBay Seeks Buyer For Korean Division

PYMNTS

A newspaper in the region, The Korea Economic Daily, reported that eBay wants to sell 100 percent of its stake in the company, called eBay Korea. Gmarket was acquired by eBay in 2009 for around $1.2 Online marketplace and auction site eBay is looking to unload its South Korean unit, according to a report by Reuters.

Regional 140
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Financial Stability Board Calls For Current Crypto Education

PYMNTS

Pressures that can lead to market fragmentation exist. It was launched following the financial crisis of 2007 to 2009 as an early warning system to avoid another “global market meltdown.” The FSB also conducts outreach with approximately 70 other jurisdictions through its six Regional Consultative Groups.

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Regulator: Nordic Banks Embroiled In AML Scandals Should Stay

PYMNTS

Danske has a $230 billion scandal through its Estonian branch , and it’s retreating from the entire Baltic region, including Russia. Nordea is partially pulling out and Sweden’s banks might go as well, although Swedbank has said it’s not going anywhere and that it’s committed to the region. “It