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ToneTag CEO Sounds Off On Payments At The Speed Of Sound

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FinTech firm ToneTag said earlier this month that it has linked with First Abu Dhabi Bank, the largest bank in the United Arab Emirates (UAE). Through the partnership between ToneTag and First Abu Dhabi Bank, customers of the bank are able to pay using their PayIt app and make the payments from their mobile phone.

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Bitcoin For Night Owls

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Bitcoins can be accepted as a payment for goods and services or bought directly from an exchange with a bank account. Purse And Unocoin Want A Piece Of Amazon’s Indian Pie. Amazon is set to become the eCommerce leader in India, and bitcoin companies are keen to tag along for the ride.

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Transcript: Jenny Johnson, Franklin Templeton

Barry Ritholtz

JOHNSON: And then I moved into, we had a bank at the time, and I moved into running part of the bank. RITHOLTZ: So Franklin obviously divests out of the banking business, the credit card business, the auto financing business. The requirements for asset managers to have a bank were such that it would inhibit us a bit.

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Amazon (And Others) Brace For India’s New eCommerce Tax

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With those mandates, the Indian government said that online marketplaces can no longer enter into such third-party deals, or have a single vendor supply more than a quarter of inventory across a given product. ‘Rent-A-Bank’ Practices Examined. The law allows for fines of more than $5,000 per violation.

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Commercial Cards Round Out B2B Financial Services

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Shell Combines Cards, Telematics for Indian Fleets. Further, the upgrades target freelancers with the capability of tagging transactions for the correct client. banking license, it said. In India, Shell has rolled out a suite of solutions for fleet managers designed to lower the cost of fleet ownership.

B2B 60
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Transcript: John Hope Bryant

Barry Ritholtz

BRYANT: And so when this guy told me that we’re, at that time, 10,000 banks, hundreds of thousands of bankers, 100,000 banks. RITHOLTZ: Were there banks in your neighborhood or were you an unbanked … BRYANT: Well, I mean, it was so few you knew where they were, put it that way, right? Oh, of a bank account.