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Today In Payments Around The World: US Halts Tariffs On French Products; China Considers More Stringent Online Oversight

PYMNTS

In today’s top payments news around the world, the United States is halting tariffs on French products, while the Cyberspace Administration of China is considering a revamp of internet oversight regulations. The United States is scrapping an effort to place tariffs on $1.3

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MercadoLibre To Expand Electric Fleet After $1.1 Billion Bond Sale

PYMNTS

Chaves also said the company will earmark a percentage of the proceeds to accelerate financial inclusion in the region. Founded in 1999, based in Argentina and registered in the United States, MercadoLibre is an eCommerce platform and digital payment solution that operates across Latin America.

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Closing Latin America’s $350B SMB Trade-Finance Gap

PYMNTS

And in an interview with PYMNTS, Jacob Shoihet , co-founder and CEO of the online financing platform Marco Financial , said the problem is particularly acute for exporters. “In But, as Shoihet said, these firms account for roughly 50 percent of trade volume in the LATAM region. trillion globally, according to Shoihet.

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Walmart Tests Store Without Cashiers As COVID-19 Accelerates Change

PYMNTS

The largest brick-and-mortar retailer in the United States is replacing its traditional, cashier-staffed checkouts with self-checkout registers at its store in Fayetteville, Ark., Whether cashiers go the way of the horse and buggy could hinge on an experiment Walmart is running in Arkansas. according to local news reports.

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Off The Continent And Into Puerto Rico For Online SMB Lending

PYMNTS

In an interview with PYMNTS, Rohit Arora, chief executive officer of Biz2Credit, stated that the digital platform and online lending applications are conducive to a mobile-centric interaction between Oriental Bank and smaller businesses.

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Google Goes Global With Free Retail Ad Initiative

PYMNTS

30), the tech and search engine giant said it is expanding its free ad initiative to other regions around the world after a successful debut in the United States earlier this year. Shoppers will be able to find more products from more stores, just in time for peak shopping season across the region.”.

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Another Online Lender Announces Layoffs

PYMNTS

The downturn is leading the online lender to walk away from previously held plans to expand beyond consumer loans to credit cards and also refinancing of auto loans. The news came late last week amid what Crain’s Chicago Business said is “an abrupt negative turn in investor sentiment toward consumer lenders of all stripes.”.

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