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Today In Payments: China’s Singles’ Day Sales Hit $56B; Lyft Considers Moving Into Delivery Sector

Today In Payments: China’s Singles’ Day Sales Hit $56B; Lyft Considers Moving Into Delivery Sector
Today In Payments: China’s Singles’ Day Sales Hit $56B; Lyft Considers Moving Into Delivery Sector
November 11, 2020  |  News

In today’s top news, Alibaba’s Singles’ Day in China has brought in $56 billion thus far, and Lyft is launching a delivery service. Plus, the...

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Retailer Gap Partners With BNPL Platform Afterpay To Boost Holiday Shopping
Retailer Gap Partners With BNPL Platform Afterpay To Boost Holiday Shopping
November 11, 2020  |  Buy Now Pay Later

Buy now, pay later (BNPL) payments platform Afterpay is teaming up with retailer Gap to offer flexible spending options as the holiday shopping season gears...

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India OKs Google’s Investment In Jio Platforms
India OKs Google’s Investment In Jio Platforms
November 11, 2020  |  Google

Google has won a green light from India’s competition watchdog for its plans to purchase a significant stake in Jio Platforms, the nation’s largest telecom....

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Paytronix Launches Subscription-Building Tool For Restaurants, C-Stores
Paytronix Launches Subscription-Building Tool For Restaurants, C-Stores
November 11, 2020  |  Subscriptions

Paytronix has launched Paytronix Subscriptions, a subscription-building product that will allow any restaurant or convenience store to set up and manage a subscription program for...

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Lemonade Posts Narrowed Q3 Loss, Issues Outlook Above Street Estimates
Lemonade Posts Narrowed Q3 Loss, Issues Outlook Above Street Estimates
November 11, 2020  |  Earnings

Lemonade reported improved third-quarter earnings on Wednesday (Nov. 11), despite a dip in revenue that it attributed in part to an accounting change. Get the...

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Today In Digital-First Banking: MercadoLibre Gets License From Brazil, Alacriti Collaborates With Glia On Customer Service
Today In Digital-First Banking: MercadoLibre Gets License From Brazil, Alacriti Collaborates With Glia On Customer...
November 11, 2020  |  Digital-First Banking

In today’s top digital-first banking news, MercadoLibre has been granted a license from Brazil’s central bank, while payments FinTech Alacriti has teamed with Glia on...

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European Banks Warned Loan Defaults Could Skyrocket Amid New Pandemic Lockdowns
European Banks Warned Loan Defaults Could Skyrocket Amid New Pandemic Lockdowns
November 11, 2020  |  Loans

The chair of a new European banking authority is warning lenders to prepare for an onslaught of bad loans due to the second wave of...

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Lyft And Uber Ramp Up Competition As Ridesharing Rebounds
Lyft And Uber Ramp Up Competition As Ridesharing Rebounds
November 11, 2020  |  Ridesharing

Having survived the worst of COVID-19’s economic upheaval so far, top U.S. ridesharing companies Uber and Lyft have shifted from survival mode to being competitive...

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Amazon Teams With Barclaycard Germany On Installment Financing
Amazon Teams With Barclaycard Germany On Installment Financing
November 11, 2020  |  Amazon Payments

Barclaycard Germany is teaming up with Amazon to offer a new installment financing plan to customers of the online retail giant. Get the Full Story...

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