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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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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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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.

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US Business Activity Expands In January

PYMNTS

Operators of U.S. private businesses reported that 2021 is off to a good start overall, but signs of inflation are on the rise, and the jobs market outlook is somewhat gloomy, according to a press release from research firm IHS Markit. Chris Williamson , chief business economist at IHS Market, said in the release: “U.S.

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Western Union Mulls Sale Of B2B Payments Unit

PYMNTS

Western Union is reportedly considering a sale of its business payments operation, unnamed sources told Bloomberg on Wednesday (Sept. ” In response to reports, shares rose by more than 3 percent on Wednesday, leading Western Union to reach a market valuation of $8.6 businesses in their overseas operations.

Payments 198
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EU Market Volatility Sidelines IPOs

PYMNTS

11) that two European companies have scuttled their intentions to come public, citing the oft-repeated refrain (by other firms) that market conditions remain unfavorable. gym operator Pure Gym and Germany-based real estate firm OfficeFirst — shelved plans this week. Reuters reported on Tuesday (Oct. The two firms — U.K.

Marketing 100
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Reseller Market Maintains Momentum With Nordstrom’s Entry

PYMNTS

While “reselling” or “secondary market” are more likely to keep ownership of this burgeoning market, the reselling market is reinventing itself for 2020. For See You Tomorrow, Yerdle will power all backend operations including cleaning and repairing of product, inventory processing and fulfillment, pricing and authentication.