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Samsung Q3 Mobile Sales Decline 12 Percent

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Samsung Electronics smartphone sales will increase in the holiday shopping season, with the general trend lasting into 2019, the company said when announcing its Q3 results. But competition and marketing expenses will cut into profits, and mobile revenue declined about 12 percent year over year. trillion won ($21.9

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Xiaomi To Roll Out Consumer Lending In India

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With an ambitious play into a booming financial services space that presents challenges that include fierce competition, China’s Xiaomi is reportedly gearing up to roll out a consumer lending business in India. India is said to be the biggest market for the company outside of China. For Q2, the company’s FinTech revenues increased 62.7

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Financial Services Platform SoFi Plans IPO Via SPAC

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billion, with the goal of bringing FinTech businesses to public markets. SoFi partnered with Samsung and Mastercard to launch a new cash management account feature with no fees. Users of Samsung’s Money by SoFi will be able to tap discounts for a variety of Samsung products, from Galaxy smartphones to washers, refrigerators and more.

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Sizzle Or Fizzle: Walmart Pays Pays Off, Marketplace Lending Falls Off

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Walmart Pay comes to market with a few built-in advantages: it leverages the Walmart.com app, which is used by 20M+ people roaming around their stores each month, it works on every sort of smartphone out there, and they control the POS in all of their stores, just like Starbucks does. Investor Confidence In Marketplace Lending.

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Swift Prepaid, Bitty Pair Up For Virtual Merchant Cash Advances

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The funds can then be uploaded to a mobile wallet, including Apple Pay, Samsung Pay and Google Pay. “New and growing small businesses often need fast access to capital that supports basic needs like inventory purchases, payroll and marketing,” said Edward Siegel, CEO of Bitty Advance, in a statement.

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Ant Financial Acquires Minority Stake In Klarna

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Klarna, Europe’s most valuable FinTech, was founded in 2005 and has financial backers that include the rapper Snoop Dogg, who is also part of the company’s marketing. Ant Financial is China’s biggest firm in the $27 trillion Chinese payments market and is expanding into consumer lending. billion.

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The Bank-FinTech Tie-Up Evolves

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As bank-FinTech collaborations evolve, more traditional financial institutions (FIs) are not only implementing services and technologies developed by FinTech partners, but they’re also lending their own expertise to augment FinTech solutions. Tyfone Connects FIs To Payrailz. Morgan Enhances Virtual Cards Via Marqeta.

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