Prudential Financial Acquires Assurance For $3.5B
Prudential Financial Acquires Assurance For $3.5B
September 06, 2019  |  Partnerships / Acquisitions

Prudential Financial has acquired three-year-old Assurance for a total consideration of $3.5 billion, according to a release by FT Partners, who served as a strategic...

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Alibaba Deal Signals Increasing Focus On Cross-Border eCommerce In China
Alibaba Deal Signals Increasing Focus On Cross-Border eCommerce In China
September 06, 2019  |  International

Trade wars or not, cross-border commerce is among the hottest and most important trends in payments and retail, and that was underscored this week by...

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Top News In Payments: Stripe Rolls Out Stripe Capital; Cards Generate $6.13T In Spending
Top News In Payments: Stripe Rolls Out Stripe Capital; Cards Generate $6.13T In Spending
September 06, 2019  |  News

Today in the payments news roundup, Stripe launched Stripe Capital to simplify the way internet companies can access funds. Also, commercial and consumer cards issued in the...

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PhonePe’s $7B Valuation Drives Walmart Shares To All-Time High
PhonePe’s $7B Valuation Drives Walmart Shares To All-Time High
September 06, 2019  |  Investments

The payment arm of Flipkart, PhonePe, has been valued at $7 billion by Morgan Stanley, according to reports. Get the Full Story Complete the form...

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Novameat Raises Funds To 3D-Print Meat Replacements
Novameat Raises Funds To 3D-Print Meat Replacements
September 06, 2019  |  Innovation

Novameat, a Spanish food startup that wants to bring plant-based meat alternatives to the public, has gotten an investment from New Crop Capital to bring...

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Visa Renews New York Fashion Week Sponsorship
Visa Renews New York Fashion Week Sponsorship
September 06, 2019  |  VISA

Expanding its footprint in fashion, Visa has announced its renewed sponsorship of New York Fashion Week: The Shows (NYFW) as its official payment technology partner. The company is leveraging...

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Death Knell – Or Big Fizzle – For The High-Growth, Red-Ink IPO?
Death Knell – Or Big Fizzle – For The High-Growth, Red-Ink IPO?
September 06, 2019  |  Sizzle/Fizzle

Are we witnessing the death knell for the IPO that is tied to high-growth, but money-losing, companies? Get the Full Story Complete the form to...

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Lower Bank Reserve Requirement Frees Up $126B For SMB Lending In China
Lower Bank Reserve Requirement Frees Up $126B For SMB Lending In China
September 06, 2019  |  International

To bolster the country’s economy, the central bank of China said it was reducing the amount of cash that banks need to have as reserves for...

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Citi Ups Credit Card Game With No-Interest Credit Transfer
Citi Ups Credit Card Game With No-Interest Credit Transfer
September 06, 2019  |  Debt

Even as the economy in the United States softens, Citigroup has been making a push for credit cards. The company is said to be among...

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