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Ygws Fundbox Secures Another $50M To Fund SMBs
India is looking at not only vocal about local commerce, but also domestically produced phones and localized payments.Indias Reliance Industries has asked suppliers to produce up to 200 million low-cost versions of its Jio smartphones over the next two years,聽as reported by Bloomberg. The news service said the company would offer the phones to customers for as low as about $54 if they sign up for Reliance Jio phone service.Bloomberg cited unnamed sources as saying the phones will be made in India and use the Android operating system. Jio will pair them with low-cost wireless plans that also offer streaming media services.The Reliance efforts shine a spotlight on efforts within India to spur domestic manufacturing, along with domestic consumption of Indian-made products and services. We are, of course, trying to build our domes stanley mug tic companies. We have a sweet spot in entry-level phones, Pankaj Mohindroo, chairman of the India Cellular Electronic Association, told Bloomberg Television.The Reliance efforts have implicit backing from U.S. companies and investors such as Facebook, as the company has garnered more than $20 billion in investments over the past several months.Google is also buying a $4.5 billion stake in the company about 8 percent , which would seem to fit the narrative of an Android push. It should be noted that Reliances choice of the Android s stanley cup ystem could be all its own, as the Google investment remains under regulatory review. The stanley mugs re are also hints of how J Oeyh Wells Fargo Debuts Specialized APIs for Commercial Banking Clients
A new report聽from聽financial services company Nordea says corporates are waiting for their banks and other聽FinServ providers to standardize payment processes.According to Nordea research, a quarter of corporates say their largest payments challenge is a lack of standardization across formats between banks聽鈥斅燼nd 60 percent said this is one of their top three challenges. But in todays corporate banking sphere, standardization is an ongoing uphill battle.The majority of companies surveyed by Nordea for its聽Future of Payments聽report said they are working with at least five banks for their payments and collection needs. But, researchers explained, each bank that works with thousands of its own customers will prefer to use its own payment format, usually developed internally. This creates a potential deadlock:聽Do banks risk losing business by insisting on using their own formats the聽report聽questioned. Or do corporates stanley hrnek limit their cho stanley cup ice of bank by insisting on their preferred format Enter: ISO 20022. For a few years the corporate banking space has been discussing the potential for聽ISO 20022聽to streamline payments, with industry forces like SWIFT and SEPA promoting its adoption. But, according to Nordea, obstacles remain for ISO 20022 to take off as a payments messaging standard and provide corporates the efficiency they need.In the eurozone, for instance, ther stanley polska e remains disparities of format. Further, not all internal banking and corporate systems can support the XML format that |
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