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Rise of the “super-app”: Opportunity or threat?

Accenture

Back in 2009, Apple coined the catchy phrase, “there’s an app for that.” But a new breed of app is on the rise, and it’s threatening to consolidate power and market share. Since then, apps (single-use apps, that is) have multiplied exponentially and become part of everyday life for most people. The “super-app” is becoming….

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Why JPMorgan Wants A Piece Of The SMB POS Market

PYMNTS

Those latter two firms have been in the in-store POS market for quite some time (Square, for example, since 2009). Morgan is bringing payments to the point of sale (POS), with an eye on making inroads into a landscape dominated by firms such as PayPal and Square.

Marketing 306
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IFC, Citi Launch $800M Fund To Support Trade Finance In Emerging Markets

PYMNTS

have established an $800 million fund to boost trade finance in emerging markets. Across the globe, the COVID-19 pandemic is disrupting supply chains, decreasing demand, and causing overall market anxiety,” said Paulo de Bolle , global director of IFC’s Financial Institutions Group, in a statement. The International Finance Corp. (

Marketing 232
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China’s Economy Has Slowest Pace Of Growth Since Early 2009

PYMNTS

That, according to the New York Times, marks the slowest economic growth rate since the beginning part of 2009. In addition to all that, the New York Times noted that China’s stock market has declined by more than one-quarter since January’s peak and is one of the worst-performing stocks markets around the globe this year.

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IFC, Citi Launch $8M Fund To Support Trade Finance In Emerging Markets

PYMNTS

have established an $800 million fund to boost trade finance in emerging markets. Across the globe, the COVID-19 pandemic is disrupting supply chains, decreasing demand, and causing overall market anxiety,” said Paulo de Bolle , global director of IFC’s Financial Institutions Group, in a statement. The International Finance Corp. (

Marketing 193
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Did you realise it’s only 10 years since the iPhone was released?

Chris Skinner

At the time of launch, Blackberry and Nokia were the market leaders. market share in 2007, 16.6% in 2009, according to Gartner. Today it has zero market share. Seven years later the firm sold for $7 billion to Microsoft, after wasting its market share through lack of ability to adapt to the smartphone threat.

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Branches more important than apps?

Chris Skinner

For example, it shows that the UK retail banking market place has become a dull playground thanks to mergers and acquisitions over the past half century: As a result, the six large banking groups held an 89% market share of the current account market. Anyways, there is some key metric data in the report.