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Today In Payments Around The World: Red Dot Lands $200M For Tech Startups; Walmart Sells Retail Locations To Grupo de Narváez

PYMNTS

In today’s top payments news around the world, Red Dot Capital Partners has landed $200 million to invest in tech firms, Walmart announced it would sell its retail operations in Argentina to Grupo de Narváez. Plus, Amazon has opened three additional logistics hubs in Brazil. Amazon Opens Three More Brazilian Logistics Hubs.

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Open Banking Platfom Tink Acquires Eurobits

PYMNTS

Tink was formed in 2012. Other listed companies that will now be connected with Tink include the National Bank of Greece, France’s La Banque Postale and Telefonica. Eurobits, founded in 2004 with headquarters in Madrid, works in connectivity and has operated with many banks and institutions in the past. million euros ($17.2

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Today In Payments Around The World: Checkout.com Lands $450 Million In Series C; Pakistan Rolls Out Instant Digital Payment System

PYMNTS

Checkout.com, which was started in 2012, recently brought an office to New York City. The system was created over years through an effort involving the Bill & Melinda Gates Foundation and the State Bank of Pakistan, with help from the United Nations, the U.K. Pakistan Launches Payment System To Boost Financial Inclusion.

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The Future of Noninterest Income at Financial Institutions

Abrigo

To remain competitive, some of the nations’ largest banks have introduced new products. A recent study by the Cleveland Fed noted that traditionally, noninterest income is only 30% to 40% of small banks’ operating revenue, compared with over half of large banks’ revenue.

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Today In Digital-First Banking: MercadoLibre Gets License From Brazil, Alacriti Collaborates With Glia On Customer Service

PYMNTS

The new license from the nation’s central bank will let it have independence in making and directly operating financial services there, along with accessing new kinds of financing. The new license from Ireland’s financial services watchdog will let it provide its services throughout 26 European nations.

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SWIFT Disconnects From Iran’s Banks

PYMNTS

A number of prominent voices in Europe — among them Germany’s finance minister — have called for a parallel payments system that would operate, presumably, beyond the scope of U.S. In 2012, SWIFT cut off access to Iranian banks in 2012, upon sanctions levied by the Obama administration. political influence.

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Intuit Inks Deal To Purchase Order Management Provider TradeGecko

PYMNTS

The need for a single tool that can reduce operational complexity for product-based businesses is acute.”. TradeGecko, which is located in Singapore and works with clients in over 100 nations, was started in 2012 by CEO Cameron Priest and CTO Bradley Priest.