article thumbnail

Alibaba Bids For Metro Brick-And-Mortar Stores In China

PYMNTS

14) when an exclusive report from Reuters said that Alibaba wants to buy a stake in the Chinese wholesale operations of Germany-based Metro AG. Those Metro stores that Alibaba reportedly wants still seem to have some life left in them. Metro reported that same-store sales in Asia rose a currency-adjusted 7 percent to €1.04

Metro 148
article thumbnail

Metro Bank Plunges on Misclassified Assets, Capital Concern

Bank Innovation

Metro Bank Plc fell the most since going public after applying an incorrectly low-risk weighting to parts of its loan book, with the British lender’s chief saying he doesn’t know how long the mortgages in question had been wrongly classified. The shares plunged as much as 34 percent Wednesday and the bank’s bonds also fell […].

Metro 170
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Singtel Adds Payment Options To Dash; Metro Bank Upgrades Mobile App

PYMNTS

In addition, PUC Berhad is teaming up with Revenue Group Berhad for online-to-offline (O2O) payments in Malaysia , and the United Kingdom’s Metro Bank is upgrading its mobile app to bring mobile payments to over 38 nations. Coverage includes Singapore’s Singtel rollout of international payment options in its Dash mobile app.

Metro 168
article thumbnail

Metro Cash And Carry Launches App To Help India Shops Digitize

PYMNTS

The Indian arm of German retailer Metro Cash and Carry has announced the launch of an app for kirana stores, allowing retailers to order stock, keep a check on inventory, and facilitate payments directly from their smartphones. There are plans to launch the app across all of its 27 stores in 17 cities in the near future. “The

Metro 110
article thumbnail

libaba Bids for Metro Brick-and-Mortar Stores in China

PYMNTS

14) when an exclusive report from Reuters said that Alibaba wants to buy a stake in Germany-based Metro AG’s wholesale operations in China. Those Metro stores that Alibaba reportedly wants still seem to have some life left in them. Metro reported that same store sales in Asia rose a currency adjusted 7 percent to 1.04

Metro 100
article thumbnail

Washington’s Metro System Plans For Mobile Payment Future

PYMNTS

“Mobile fare payment is the future of transit, giving customers the ability simply to tap their phone and go, all without stopping at a fare vending machine or using a separate card,” Metro General Manager Paul J. Wiedefeld said in a statement. Not only will this be a better, easier experience, but will cost less to operate.”.

Metro 126
article thumbnail

Things worth reading: 13th February 2020

Chris Skinner

Things we’re reading today include … Banking in the new decade – profitability will remain a challenge: EY Barclays to be first big British bank to report since Brexit Barclays online banking down Metro Bank Chief Risk Officer exits following latest shakeup at the top Can the UK and EU … The post Things worth reading: 13th February (..)

Metro 260