Remove 2018 Remove Online Remove social media Remove Taxes
article thumbnail

Digital Payments Startup GPay Awarded Vietnam License

PYMNTS

The G-Group ecosystem includes Vietnam’s social media network Gapo and P2P lending platform Tima. Founded in 2018, GPay said it has reached $50 million in Gross Merchandise Volume (GMV) and has a presence in 42 cities and provinces. Tran said GPay was in discussions with investors for a Series A funding round.

Payments 154
article thumbnail

Vietnam’s Social App Lotus Seeks Funds To Compete With Facebook

PYMNTS

Vietnam currently has 65 million social network accounts, a 30 percent increase from last year, according to data from Communications and Information Minister Nguyen Manh Hung, the report stated. million active Facebook users in 2018, and that number is expected to rise to more than 45 million this year.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Economic Nexus Laws’ Unexpected Impacts On Restricted Substance Retailers

PYMNTS

eCommerce sales tax laws are having unintended consequences in the tobacco industry. State governments began rolling out economic nexus laws after 2018’s South Dakota vs. Wayfair ruling. percent tax on each imported premium cigar, limited to a maximum of about $0.40 in 2017 had a 52.75

Retail 109
article thumbnail

Fast Action: Tennessee Sportsbook Bets Service Quality On Instant Payments

PYMNTS

To an extent, that same spirit and intention is behind the recent spate of government approvals for online gambling. That leads to the product of said online activity — and that’s money. While the instant betting and payout abilities are a positive, there is no competing with the black market when it comes to the collection of taxes.

Tennessee 262
article thumbnail

Top News In Payments: The Fed Takes A Closer Look At Big Tech; Goldman CEO Denies Apple Card Credit Bias Claims

PYMNTS

People don’t know what’s true and what’s not, and what to believe,” he noted, adding that instead of uniting people, technology — like social media — is “splintering” them. Lawyer George Isaacson argued Wayfair’s side in the landmark 2018 South Dakota v. Goldman CEO Denies Claims Of Apple Card Credit Biases. Wayfair case.

article thumbnail

Thoughts Of Holiday Retail Cheer Tempered By Memories Of Failure

PYMNTS

Failures — well, they bring social media infamy and headlines, to say nothing of lost revenue, frustrated investors and, in some cases, the forced vacation known as unemployment. That’s not to suck any cheerful anticipation out of the 2018 holiday shopping season, during which U.S. 26 will bring online spending of $7.7

Retail 129
article thumbnail

Deep Dive: Striking A Balance In Digital ID Security

PYMNTS

billion digital records in the United States were compromised during the first half of 2018 – 291 records every second – with only six social media breaches accounting for more than half of all at-risk data. Experiencing such gains comes with risks, however, as digital IDs have presented new and underexplored avenues for fraud.

Security 129