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Study: Google Grows Market Share In Europe Despite Anti-Competition Order

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Despite an order from the European Union ’s antitrust watchdog to curb its anticompetitive practices, Google continues to boost its market power, according to Reuters , which cited a study released Monday (Sept. In 2017, the European Commission , responsible for managing the day-to-day business of the EU, fined Google 2.4

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City National Bank, Extend Team On Virtual Corporate Cards

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City National Bank has enlisted New York City FinTech Extend to enable the bank’s clients to offer virtual corporate cards to employees, vendors and other business partners, the companies announced in a press release. With Extend, City National is the first issuer in the U.S. Replacing them is much easier than replacing plastic cards.

National 172
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Mapping Startup WhereIsMyTransport Raises $7.5M From Google, Toyota

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WhereIsMyTransport, a mapping startup that works to outline public transport routes in emerging markets, has raised $7.5 Liil Ventures led the round, and previous investors Global Innovation Fund and Goodwell Investments also participated. Google, Nedbank and Toyota Tsusho Corporation (TTC) also took part.

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Square Partners With Washington Nationals To Offer In-Seat Concessions

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Payments company Square has partnered with the Washington Nationals and Levy Restaurants to let fans order concession menu items right from their seats, according to reports. The terminals allow customers to pay with credit or debit cards and digital wallet payment options like Apple Pay or Google Pay.

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Big Tech Compliance Tracker: UK Regulators To Form Digital Markets Unit; Italy Fines Apple $10 Million Over Claims About iPhone Water Resistance

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UK Regulations to Create New Digital Markets Unit. antitrust regulators are creating a Digital Markets Unit that will be given the duty to enforce rules applicable to Big Tech firms. That new division will fall under the country’s Competition and Markets Authority (CMA). Apple Faces $12M Fine Over iPhone Marketing.

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Walmart’s PhonePe Grabs 40 Pct Of India’s Digital Payments Market

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billion app sessions and 925 million transactions, and pushed it up to a market share of 40 percent for standard transactions. He said PhonePe will “continue to launch new and innovative products for every strata of Indian society, as well as enable digital payment acceptance across every merchant in every village and town in India.’’.

Marketing 142
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Banks Push Back On Possible Banking Charters For Big Techs Like Amazon And Facebook

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The House committee held a hearing on the idea after Acting Comptroller of the Currency Brian Brooks in July proposed a new special purpose national banking charter for payments companies. The benefits of financial innovation are only realized when they are delivered responsibly, in a way that does right by customers,” the bankers wrote.