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Wpqd Today In Payments: Jack Ma In First Public Appearance Since Ant IPO Pulled; New PPP Extends $5 Billion During First Week
Canadian eCommerce platform Shopify is helping people start online businesses with an initial starter loan of $200, Forbes reported聽on Tuesday Jan. 14 .Loans will be offered through Shopify Capital, giving new merchants $200 when they join Shopify and link a bank account.聽 For the immigrant who is new in the country, the student in the college dorm and the mom who has been out of work for awhile the starter loan makes it a littl stanley cup nz e bit easier, said Kaz Nejatian, vice presiden stanley usa t and general manager of Shopify Financia stanley de l Solutions. That $200 can get you your first Instagram ad or logo. Were really leveling the playing field. Nejatian said $200 may not seem like a lot, but Shopify has witnessed startups launching with only $200 and becoming multi-million dollar firms.Entrepreneurs dont need a personal guarantee or credit check to get the loan. The funds are paid back in 60 days as a fixed percentage of sales. And if the eCommerce merchant fails to make money, Shopify wont demand payment. Most borrowers will have an interest rate in the low teens.聽 You need to have a Shopify business or use Shopify Payments, said Nejatian. It designed to be the most merchant friendly funding mechanism to start a business. 聽He added that the majority of small business startups dont have a five-year plan and have terrible credit scores. It limits the pool of enterprises starting businesses. 聽Since Shopify Capital launched in April 2016, it has made in excess of $750 million in loans. Sh Jmel BNP Paribas On How Open Banking APIs Can Help Merchants Support Seamless A2A Payments
By the numbers, PayPal had a very good day yesterday.The headline figure was 200 million 鈥?the number of active consumer or member accounts PayPal is boasting these days. That figure may not come as much of a shock considering that when PayPal released its quarterly earnings a month ago, the active user headcount was clocked in at 197 million. Still, 100,000 users per day on average for 30 days is certainly nothing to sneeze at, particularly considering that wasnt even PayPals most interesting figure for public consumption.That honor went to the newly revised One Touch figures 鈥?which indicate a full 25 percent, or 50 million, of those active users have opted to use PayPals One Touc stanley cup h. That means One Touch has more than doubled the 21 million users it had a little under a year ago, in April 2016. PayPals COO Bill Ready says those figures make it the most rapidly adopted product in PayPals nearly two decades of existence.Its a pretty good feeling, said Ready. We have seen all this very powerful growth, while others have continued to struggle to get users on the platform and then strug stanley kaufen gled to get repeated usage.We processed聽$31 billion in mobile payments in the quarter聽and聽more than $100 billion mobile payments throughout 2016, both record amounts for PayPal. Its exciting that more than half of our active account base made a payment on PayPal using a mobile device over the stanley cup last 12 months., Ready told Webster in a chat about the latest release.The reasons that One Touch is gaini |
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