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...Figures released on Wednesday by international payments platform Swift showed the renminbi’s share of global payments had climbed to 4.6 per cent in November, up from 3.6 per cent a month before....
...BCG is working with global tech giants and AI companies — from Microsoft and Google to OpenAI and Anthropic — to integrate their technology into company operations and processes....
...All the legal challenges focus on a single, two-sided issue: Apple’s ability to trap consumers within its iPhone ecosystem, and to extract payments from rivals who want to get at those consumers....
...Rob Beard, chief legal officer, general counsel and head of global policy at Mastercard, said: “This agreement brings closure to a long-standing dispute by delivering substantial certainty and value to business...
...BlackRock, the world’s largest asset manager, has lost an appeal relating to UK tax it sought to reclaim from HM Revenue & Customs on its $13.5bn acquisition of Barclays Global Investors in 2009....
...Visa and Mastercard — the country’s two biggest card payment processors — have agreed to lower the fees that merchants pay to accept credit card payments....
...So a new report from S&P Global Ratings on payment-in-kind bonds – aka PIKs – is going to really irritate them....
...Growth in the services sector offset weakness in manufacturing to lift S&P Global’s monthly gauge of eurozone corporate activity for April above the forecasts of most economists....
...These can be as high as $30 per payment at the moment. But a new rule passed last month could cap them at $8....
...Stripe will allow its employees to cash out about $1bn of stock at a valuation 30 per cent higher than last year, as the payments processing group continues to put off going public amid uncertainty in global...
...Three-quarters of global iPhone owners used Apple Pay in 2022, according to Deepwater Asset Management. The adoption is particularly pronounced among those aged 18-29 according to Mizuho....
...Their interest payments are set to average about 14 per cent of government revenue — roughly double the level from 15 years ago.”...
...Moderna paid $1,053,767 for security services to Stéphane Bancel, after not disclosing any security payments for him the previous year....
...SFS uses escalating stages of collections activity during the period of non‐payment to enforce its rights....
...Kalifa is one of the payments industry’s best-known executives....
...Healthcare payments software group Waystar filed publicly for an IPO in November, but ultimately held back....
...In search of growth, Ant is turning to its international payment division, which accounted for less than 1 per cent of Alipay’s mainland China payment volume four years ago....
...The DMA has already led Apple to propose a series of changes to its iOS software, such as allowing users to download apps from other sources and access alternative payment systems....
...According to the UN, Tether is also increasingly becoming a conduit for money launderers and fraudsters to move funds outside the global banking system....
...Tiger Global has raised $2.2bn for its latest venture capital fund, roughly a third of the $6bn target it touted to investors when it first announced the fund in 2022....
...It will allow users in Europe to access rival app stores and payment systems on smartphones and tablets, for example, in a process called sideloading....
...ByteDance last offered to buy its global employees’ shares in December for $160 each....
...Berkshire also exited its investments in payments business StoneCo, insurers Globe Life and Markel Corporation, and homebuilder DR Horton....
...The job cuts come as the slowdown in sales of EVs makes waves across the global car industry, with companies across the supply chain from South Korea to Germany slashing jobs and costs....
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