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Western Union Links Puerto Rico Entrepreneurs To Cross-Border Payments

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Western Union (WU) is bridging small businesses (SMBs) and entrepreneurs in Puerto Rico to cross-border payment services, the financial institution (FI) said on Monday (March 11). Business Solutions’ expansion in Puerto Rico via the TuChequera.com partnership could signal an end to any possible divestment efforts.

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Today In Payments: Puerto Rico Falls Prey To $4M Online Fraud; India’s Antitrust Investigation Into Amazon, Flipkart On Hold

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In today’s top news, at least four Puerto Rico government agencies were targeted in a $4 million online scam, and India’s court hit pause on their antitrust investigation into Amazon and Flipkart. Puerto Rico Falls Prey To $4M Online Fraud. Also, Flywire raised $120 million and acquired Simplee Healthcare.

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Off The Continent And Into Puerto Rico For Online SMB Lending

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In a partnership formed recently with Puerto Rico’s Oriental Bank, Biz2Credit said late last month that it has begun offering its digital lending platform to the bank’s commercial clients. The two companies are coming to market with an emphasis on technology — specifically mobile — to bring SMBs to online lending.

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Spanish Food Delivery Startup Glovo Shutters In Four Markets

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The countries exited include Turkey, Egypt, Uruguay and Puerto Rico, shrinking its audience to 22 markets with a focus on South America, Southwest Europe, Eastern Europe and Africa. Last year, Turkey was touted as one of the fastest-growing markets in Glovo’s repertoire. 21) announcement.

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Adult Sneakers Drive Shoe Carnival’s Record Q3 Sales

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Our disciplined focus on financial flexibility and the strength of our business model continue to fuel our market-leading performance notwithstanding the ongoing disruption caused by the global pandemic,” Sifford added. and Puerto Rico, the shoe retailer is planning four new locations.

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Can Politicians Give The Global Sharing Economy A Boost?

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Puerto Rico is still trying to recover from 2017’s Hurricane Maria, and much of that effort involves getting more tourists to visit the island. According to CaribbeanBusiness.com , Puerto Rico Gov. The sharing economy could play a role in that and other recovery work — something the government has noticed.

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New Unemployment Claims Down 48K To 709K

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The COVID-19 vaccine is expected to have a positive effect on the labor market and other areas of the economy. 24 were in Hawaii (9.9), California (8.9), New Mexico (8.5), Nevada (8.2), the Virgin Islands (7.1), Massachusetts (7.0), Puerto Rico (6.9), Georgia (6.8), District of Columbia (6.5) and Alaska (6.1).