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Pakistan Launches Payment System To Boost Financial Inclusion

PYMNTS

Pakistan has debuted a government-run instant digital payment system to help with financial inclusion and government revenue, Reuters reports. The app, called TAG, will work to provide assistance for the 100 million Pakistan adults who are unbanked.

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Wearables Like Apple Watch Outsell Entire Watch Industry

PYMNTS

Revenue for Apple’s wearable division topped $10 billion in net sales in the December quarter, a near 27 percent year-on-year increase. The wearables category — which includes Apple Watch and AirPods — is now the biggest slice of Mac’s revenue, resembling the scope of a Fortune 150 company.

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10 Monday AM Reads

Barry Ritholtz

The biggest players aren’t growing, and more than a few are seeing sharp revenue declines. Barron’s ) • Why It’s So Hard for China to Shake the ‘Uninvestable’ Tag : In 2021, Goldman Sachs said the word was starting to feature in a number of client conversations about the country’s stocks. It’s a New Era for Tech Stocks.

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The Impact Of The Coronavirus On US Shopping Malls

PYMNTS

The International Council of Shopping Centers (ICSC) says it believes action from the federal government is needed, and large retail brands began to put a price tag on the revenue losses they expect to face. All this, Today in Data. 400B: Approximate amount in state and local taxes the shopping industry generates in the U.S.

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Instagram Shopping Platform Will Open To Wider Array Of Businesses

PYMNTS

Instagram has taken what could be a big step toward expanding access to its shopping platform at a time when rivals of the Facebook subsidiary are moving broaden and diversify their own revenue streams.

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Is YouTube The Next Amazon? Google Hopes So

PYMNTS

Google is experimenting with new features to drive online shopping dollars to YouTube and is encouraging some creators there to tag and track any products used in their videos. The Alphabet-owned Silicon Valley company reported its first drop in revenue in the second quarter of this year.

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Intuit Buys Credit Karma For $7.1B

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Intuit closed a deal to buy Credit Karma for a price tag of $7.1 Credit Karma generated around $1 billion in revenue last year. billion on Monday (Feb. 24), according to published reports. The bookkeeping software titan will now add the personal credit score website to its roster among other names like Quickbooks, TurboTax and more.