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UK Retailers Press For Commercial Card Interchange Fee Caps

PYMNTS

Supreme Court ruling in favor of the card networks during a case in 2017, and with Australia in the midst of pondering either swipe fee limits or an outright ban. ” Part of that simplification should include the addition of commercial cards under swipe fee caps, he added. Swipe fee debates are not new, with the U.S.

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As Amazon’s Market Cap Takes Hit, Bright Spots Emerge

PYMNTS

An MKM analyst said in a research note to clients that AWS may be worth $1 trillion in six years – that would be larger than Amazon’s market cap, which currently stands at $929 billion. Now, though, discussions about Amazon and its market cap are — for the time being, at least — a more subdued affair. percent in 2017.

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Vietnam’s Zalopay Eyes Expansion Beyond E-wallet Into Lending, Investments

Fintech News

The company has capped interest rates between 8% and 13% annually to provide accessible and responsible financial solutions. Zalopay, launched in 2017 by VNG’s Zion Company, initially focused on e-wallet services, such as bill payments and money transfers via QR codes.

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Enterprise Software IPOs To Lead Charge In 2017

PYMNTS

and a handful of lesser known software companies are gearing up for IPOs in 2017 in a sign that the IPO market could finally be on the upswing. Most of the technology IPO activity is actually not big, large-cap companies going public,” Will Connolly, Goldman Sachs Group Inc.’s that are gearing up for an IPO in 2017.

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New Study: 2018 State of Embedded Analytics Report

Why do some embedded analytics projects succeed while others fail? We surveyed 500+ application teams embedding analytics to find out which analytics features actually move the needle. Read the 6th annual State of Embedded Analytics Report to discover new best practices. Brought to you by Logi Analytics.

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Sacombank Reportedly Planning 33% Stake Sale to Raise Up to US$880 Million

Fintech News

The sale faces significant hurdles due to regulatory limits on foreign ownership in Vietnamese banks, capped at 30%. Since 2017, the Vietnam Asset Management Company (VAMC) has managed these non-performing loans, holding a 33% stake as collateral. This move values the bank at approximately 53.5 trillion dong (US$2.1

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Card Payment Use Rises Globally

PYMNTS

The number of merchants accepting card payments around the world grew by 13 percent in 2017, to 69.2 The growth was partly driven by new regulations; India was helped along by the government placing caps on terminal charges and also pressuring banks to recruit more merchants. million, according to a report.

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