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China Turns To Tax Policy To Bolster Entrepreneurs

PYMNTS

China introduced new tax initiatives aimed at bolstering the nation’s entrepreneurs, according to local news reports on Friday (May 4). Vice finance minister Cheng Lihua introduced seven new tax policies during a press conference Friday, with the goal of saving small businesses $9.45 billion a year, reports from Xinhua said.

Taxes 100
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Bitcoin Daily: Tether’s Parent Co. Hit With $1T Lawsuit; Nearly $10B In Bitcoin Held In Crypto Exchanges

PYMNTS

Together, Bitfinex and Tether manipulated a market that, by design, is supposed to be decentralized,” states the lawsuit. The SNB has for some time been closely following the digitalisation of the financial sector and technological innovations in the areas covered by its mandate. “The

Bitcoin 181
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India Is Now World’s Second Largest Smartphone Market

PYMNTS

India has overtaken the United States to become the world’s second largest smartphone market. According to news from a report by Canalys , smartphone shipments in India grew 23 percent year over year in Q3 2017 to reach just over 40 million units, making the country the world’s second largest smartphone market after China.

Marketing 100
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Virtual cash management: A catalyst for new business models for European transaction banks

Accenture

European banks are in the midst of a ‘perfect storm’ of negative interest rates, regulatory pressures and market disruption, and are in search of new sources of value. At the same time, virtual accounts can be used in new ways to power innovation and new business model propositions (e.g.

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Italian Postal Service Targets SMBs With QR Code Payments

PYMNTS

The Italian government is setting aside $3 billion for the venture, with the goal of cutting down on fraud and black market deals. He added that because of a thriving black market economy, more people in Italy use cash because it’s not as traceable as digital payments.

Payments 234
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Deliveroo Expansion Triggers Big Revenue Growth And Losses

PYMNTS

Food delivery company Deliveroo saw huge revenue growth in 2018, but its losses also grew as it expanded and poured money into new areas and ventures in the highly competitive food delivery market. All of the investments in Deliveroo’s business helped to push worldwide sales to £476 million, but the company’s pre-tax losses grew 16.6

Taxes 116
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The Middle Market’s Expense Management Conundrum

PYMNTS

Expense management technology is now a saturated market, particularly for the small business space – which is notoriously difficult to serve, because they are too small for large, enterprise-grade solutions, but too large for consumer-specialized tools. “Some observers will define the market as $10 million in the top line to $1 billion.