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

PYMNTS

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

PYMNTS

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. Verticals within the SMB realm that may be receptive to online lending, he said, include manufacturing and retail.

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Earnings roundup: Digital adoption drives FI investment

BankInovation

At Puerto Rico-based, $18.6 Financial institutions are investing in digital and mobile banking offerings, closing out 2023 with an uptick in digital adoption. This trend was prevalent in the fourth quarter of 2023 for large and small financial institutions alike.

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No Candy: Godiva To Close US Stores

PYMNTS

retail presence in recent decades, is reversing course and closing all its North American brick-and-mortar locations, according to numerous online news sources citing a company statement. They are in 31 states and Puerto Rico. Godiva, the maker of high-end chocolates that significantly expanded its U.S.

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This Week In Retail: Funding, Finance And Tech

PYMNTS

This week in retail, we’ve seen news coming in from multiple sides, including that of Apple’s projected increase in smartwatch sales , U.K. The discount retailer has also announced two partnerships this week, one with Google and one with IBM. Virgin Islands. Virgin Islands consumers.

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Adult Sneakers Drive Shoe Carnival’s Record Q3 Sales

PYMNTS

and Puerto Rico, the shoe retailer is planning four new locations. He added that digital marketing and eCommerce efforts “continue to far exceed expectations” with high-double-digit traffic growth and sales growth of over $20 million. Shoe Carnival opened one new location this year and closed 13 of its 385 stores.

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Today In Payments Around The World: Razer Fintech, Visa Unveil Prepaid Card; SafetyPay Collaborates With LATAM’s Rappi

PYMNTS

Plus, the Abu Dhabi Investment Authority (ADIA) is investing roughly $750 million in Reliance Retail Ventures Ltd. The Abu Dhabi Investment Authority (ADIA) is investing approximately $750 million in Reliance Industries subsidiary Reliance Retail Ventures Ltd. percent share of Reliance Retail. through March 2024.