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The Swedish Trade Federation On Why FI Collaboration Is Key To Instant Payments Ubiquity

PYMNTS

This is the key to the rise of instant payment solutions in the Nordic countries, a region where many in the financial sector are attempting to put the cashless ideal into practice, explained Bengt Nilervall, payment expert at the Swedish Trade Federation , the employers? association that represents the trade and commerce sector.

Payments 103
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Mars Bars: Now Serving Local Martian Microbrew

PYMNTS

Today, despite complications due to regulations around transporting alcohol, successful businesses have been built around this concept. The mobile app Drizly , for instance, has been letting customers order alcohol via their smart devices since 2012, adding investors and new areas of service over the intervening years. .

Retail 117
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China and India lead global cashless growth

Banking 2020

percent for Europe for 2012-13 – up from 3.6 The ‘Emerging Asia’ region as a whole saw growth of 21.6 However, it added that factors such as the global rise in ecommerce and continuing innovations in payment technologies are expected to lead to the gap narrowing in the next few years.

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Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

As a result of its product innovation efforts, Stripe has seen explosive growth in product adoption and valuation. A decade of online payments innovation. A decade of online payments innovation. One key catalyst for online payment innovation was the introduction of the Payment Facilitator, or “PayFac,” in 2010.

Online 98
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What Will Ant Group Look Like A Year From Now?

PYMNTS

In China, the battle of the regulators versus FinTech behemoth has seemingly been joined. . To that end, Howard Yu , LEGO Professor of Management and Innovation and director of IMD’s signature program, Advanced Management Program (AMP), told Karen Webster that a restructuring may be on the horizon. .

Groups 236
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LendingClub Settles With SEC, DOJ

PYMNTS

By 2012, LendingClub announced it had underwritten $1 billion in loans on its platform and was cash flow positive. Investors depend on fund advisers to give them the straight scoop on performance so they can make informed investment decisions,” said Jina Choi, director of the SEC’s San Francisco regional office. lending marketplace.

Lending 135
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Banking-As-A-Service Takes On The Underbanked SMB

PYMNTS

At the same time, bank branch closures appear to be accelerating, with small towns across the country losing a combined 14 percent of their banks between 2012 and 2017. Regional Banks, Credit Unions Compete. The bad news, however, is that it still means 8.4 million households were underbanked in 2017. Branch Deserts. ”