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Bitcoin Daily: ZenGo To Create Crypto Payment Card; HSBC Powers Bangladesh’s First X-Border Blockchain Transaction; Hong Kong Might Increase Crypto Oversight

PYMNTS

Bitcoin and digital currency wallet company ZenGo is becoming a part of the Visa Fast Track program and will create a new digital currency payment card, according to an announcement. ZenGo said the card will be the first card connected to a “self-hosted, on-chain, multi-currency wallet" in which the user manages the funds.

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Moving The Business Payments Focus From Price To Process

PYMNTS

“We’re seeing increased costs to have security around the printing of checks, and what I’ll call ‘the old ways,’” said Joiner. Against that backdrop, companies are re-evaluating and redesigning their entire supply chains, cost management life cycles and other processes across all industries from healthcare to manufacturing.

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How ePayments Can Ease B2B Friction In The Travel Industry

PYMNTS

The new reality will be marked by low bookings; tight margins; financial pressures on online travel agents; and the need for cost management. Cross-border payments can exacerbate points of friction, Ginesta maintained, as cross-currency payments are impacted by exchange fluctuations.

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Today In B2B Payments News: Razorpay Taps Visa For SMB Cards, Nets And Yoba Collab On SMB Payments

PYMNTS

The release stated the partnership will let companies pay costs via a credit card, while accessing on-demand liquidity alongside cost management tools. Nets will provide the full-scale solution with a corporate credit and debit solution using digital services, enterprise card management and security tools, the release stated.

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Cash Flow Management: Key Steps

Spreadym

Implement just-in-time inventory systems or consider dropshipping to reduce holding costs. Manage Debt Wisely: Review your debt obligations and their interest rates. Hedging Strategies: Use hedging or other financial instruments to manage currency risk or interest rate risk. Make debt payments on time to avoid penalties.

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In Banking, Tech Aids Efficiency Ratios Amid Digital Initiatives

PYMNTS

For banks, beyond the vagaries of interest rates, income depends in part on managing costs. Manage them well, and margins get a boost. A lower ratio means the bank is operating with better cost control. A lower ratio means the bank is operating with better cost control. One way to boost efficiencies?

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Navigating treasury trends in 2024: challenges, strategies, and the role of technology

Future CFO

This trend is expected to persist into 2024, influencing strategic decisions and prompting a focus on cost management and expense reduction. Risk mitigation and strategic financial management The increasing complexity of risk factors requires companies to adopt a more strategic and analytical approach to risk policy.

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