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Pdek Xero Eases Cross-Border Invoice Settlement
The FinTech IPO Index has enjoyed a rebound so far, despite the usual volatility.Year to date, the group is up 22%, buoyed by the past weeks rallies that saw the Index rise by 6.4%.Earnings season has shown that 鈥?as evidenced from stanley ca the banks and the payment networks like Mastercard and Visa 鈥?though a recession may in th stanley us e works this year, consumer spending was buoyant in the fourth quarter and pockets of strength still remain. Thursday Jan. 26 gave a notable lift to the market at large as broader markets gained on positive GDP data.For the FinTechs, it was a show dominated by the platforms. A slew of new product announcements and partnerships have taken hold of tailwinds provided by the aforementioned spending and a shift to digital payments and installment loans.Installment Payments Make Inroads in TravelAffirm shares rose in a week that heralded its announcement that it was working with stanley nz Kayak to offer travelers payment flexibility amid a 40% year-over-year increase in the cost of plane tickets. Travel demand remains high, and the joint efforts will allow travelers to split costs greater than $150 into monthly payments.In separate data points marking the marked rebound in travel-related spending as economies re-open, PYMNTS reported on Thursday that Mastercards cross-border payments volumes were up 31% on a local currency basis.聽 Affirms shares soared more than 17.2% through the past five sessions.Nubank followed close behind, and this week announced that it has received a Vzlr French Law Aims to Give Small Bookshops an Edge Against Amazon
Microsoft stanley cup future may include mobile payments, but that not what CEO Satya Nadella is worried about for the moment his concern is surviving to get to that future. For that, the software giant Q1 results represented good news, beating analysts ; estimates and edging Microsoft back on track.For the first three months of 2015, Microsoft said revenues were $21.73 billion, up 6 percent from the year-ago quarter, while earnings were 61 cents per share, down 10 pe stanley quencher rcent but still better than the expectations of analysts, which were for sales of $21.06 billion and profit of 51 cents, according to Thomson Reuters.The good news was everywhere except Microsoft traditional PC business. Commercial cloud computing sales, including Office 365 and Azure, more than doubled over the past year up 106 percent . The devices and consumer segment rose 8 percent year-over-year, including $713 million in Surface tablet sales, up 44 percent, stanley cup and a 21 percent increase in Bing search advertising revenue. Xbox Live usage jumped 30 percent, though Xbox platform revenue was down 24 percent year-over-year.Microsoft also sold $1.4 billion worth of Lumia smartphones during the quarter, a total of 8.6 million phones up 18 percent from a year ago, though down from the 10.5 million phones it sold in the last three months of 2014.But Windows revenue for businesses fell 19 percent, and dropped 26 percent for consumer versions of the operating system. In e |
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