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10 Weekend Reads

Barry Ritholtz

Business Insider ) • UBS Looks Beyond Credit Suisse to Bank Even More Billionaires : The return of CEO Sergio Ermotti and the acquisition of its Swiss rival have the bank doubling down on wealth management and expanding in the US. Will we soon see a life-changing jump in younger generations’ net worth? Here on Earth, there was a 1.7

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Super Apps Rising: Mobile Drives Digital Payments Uptick In Pakistan

PYMNTS

The conversation came against the backdrop where i2c announced a partnership with TAG, to launch a super app that provides instant payments capability to Pakistan’s unbanked adult population, which at present numbers about 100 million individuals. To that end, Amir Wain , CEO of i2c Inc. Issuance Matters, Too .

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Paysafe Readies $9 Billion IPO Via SPAC

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with a market value of $1.95 The $9 billion price tag would make this one of the larger SPAC mergers of the year, behind the MultiPlan merger with Churchill Capital Plan for $11 billion and the pending United Wholesale Mortgage $16 billion deal with Gores Holding IV, Bloomberg reported. Foley's Foley Trasimene Acquisition Corp.

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A Corporate Finance Approach To High-Net-Worth Individuals

PYMNTS

According to Anneke Stender, executive vice president at accounting and software solutions provider TAG , this is a growing segment at a time when new, younger millionaires are continuing to emerge from places like Silicon Valley. The rising threat of cyberattacks against companies hasn’t gone unnoticed by this market, either.

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Half Of Payments Executives Are Focused On Peer-To-Peer (P2P) Payments

PYMNTS

As a result, banks are investing in and engaging with FinTech startups to grow their customer base and their market share. According to a report, the new group of banks to now support Apple Pay include American Eagle Financial Credit Union, Central Virginia Federal Credit Union and Community Bank & Trust of Florida, among others.

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Apple Cuts Prices Of iPhones In China

PYMNTS

Demand has been slumping in China for Apple products in part because of the hefty price tag. Additionally, the smartphone market is getting saturated. On the payments front, last week Apple launched the Apple Card , a new credit card that has zero fees and lower interest rates than what’s on the market now.

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Analyst: Apple Card Acquisition Costs Estimated At $350 Per Cardholder

PYMNTS

Much has been made of the fact that the credit card has no fees and a relatively low interest rate, which in turn may pressure results. Nomura estimates a price tag of $350 per consumer in terms of acquisition costs, which means breakeven is several years away.