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Central Bank Chief: Brazil’s Banks Do Not Lose Money With Pix
Central Bank Chief: Brazil’s Banks Do Not Lose Money With Pix
August 12, 2022  |  Digital Payments

The head of Brazil’s central bank is refuting the idea that banks lose money with the country’s Pix instant payment system. Get the Full Story...

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Survey Shows Consumer Sentiment Improvement in August
Survey Shows Consumer Sentiment Improvement in August
August 12, 2022  |  Consumer Insights

United States consumers feel better about the economy than they did a month ago, preliminary August data from the closely watched University of Michigan survey...

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Klavi Raises $15M to Grow Open Finance Solution, Develop New B2B Products
Klavi Raises $15M to Grow Open Finance Solution, Develop New B2B Products
August 12, 2022  |  B2B Payments

Open finance SaaS platform Klavi has raised $15 million in a Series A investment round to develop new B2B finance products. Get the Full Story...

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Nigeria Implements 5% Mobile Services Tax
Nigeria Implements 5% Mobile Services Tax
August 12, 2022  |  Mobile

As it deals with a growing financial crisis, Nigeria is preparing to implement a 5% tax on voice calls, text messages and mobile data. Get...

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Retailers Bristle at Mastercard Installment-Payment Terms
Retailers Bristle at Mastercard Installment-Payment Terms
August 12, 2022  |  Mastercard

A new 3% purchase-price charge from Mastercard when customers use a new installment-payment plan has angered some retailers, a Bloomberg report said, which notes that...

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Klasha Adds Former PayPal Executive to Help Transform African Commerce
Klasha Adds Former PayPal Executive to Help Transform African Commerce
August 12, 2022  |  Cross Border Commerce

Klasha has appointed former PayPal executive Ayman Jawhar CPO, saying his experience will help the company scale its B2B and B2C products for cross-border African...

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Advisers Urge India’s Paytm Shareholders to Remove CEO
Advisers Urge India’s Paytm Shareholders to Remove CEO
August 12, 2022  |  International

India-based digital payments provider Paytm saw its shares drop to their lowest level in two weeks when a proxy advisory firm urged shareholders to oust...

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The Honest Co. Turns to Innovation, Re-Invention to Reverse Brutal First Year
The Honest Co. Turns to Innovation, Re-Invention to Reverse Brutal First Year
August 12, 2022  |  Retail

After a year-long sales slump following its May 2021 initial public offering (IPO), The Honest Co. reported 5% year-over-year revenue growth in the second quarter...

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State-Owned China Tourism Group Duty Free Plans IPO
State-Owned China Tourism Group Duty Free Plans IPO
August 12, 2022  |  IPO

China Tourism Group Duty Free, which runs China’s biggest duty-free retail network, is planning an initial public offering (IPO) in Hong Kong that could raise...

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