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Samsung Production Backlogged In Vietnam Due To Coronavirus

PYMNTS

Vietnam’s supply chain is suffering from the impact of the coronavirus epidemic, which could stall production of the latest Samsung smartphones, the Ministry of Industry and Trade told Reuters on Friday (Feb. Samsung said it was “making our best effort to minimize impact on our operations.”. months, we will run out of inventory.

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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. AI-based automation will enable Samsung to introduce new services in the 5G era, such as industrial Internet of Things (IoT) and connected cars.

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Samsung Creates $447M Supplier Financing Fund

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Samsung Electronics is setting up a new fund to help suppliers with cash flow. The fund will launch in conjunction with a program that will see Samsung Electronics’ first-tier suppliers able to lend cash to second-tier suppliers within a month when orders through the supply chain are submitted.

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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. With the app, users can make payments via multiple options like credit cards, debit cards, UPI and net banking.

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Financial Services Platform SoFi Plans IPO Via SPAC

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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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Amex threw its hat into the online lending ring earlier this week when it announced that it will launch a program later this year that will extend lines of credit from as little as $1K to as much as $750K for qualified SMB borrowers. The Samsung Galaxy S7, which put the mobile division at the top of the heap for Samsung – again.

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South Korea's Digital Kakao Bank Prepares For IPO

PYMNTS

In addition, Kakao Bank had rapid lending growth, higher net interest margins and more efforts to increase the proportion of low-cost deposits, according to Samsung Securities analyst Kim Jae-woo, quoted by Reuters. The bank benefited from an influx of customers from Kakao Corp., billion).

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