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Iuss Velo Labs Teams With Visa, Lightnet On MSME Lending In Asia
0 X& g0 G' z" x The digital commerce ecosystem has opened up vast growth opportunities for businesses of all sizes and stripes. Even the smallest of enterprises can leverage services like cross-border payments, data analytics and customer management tools, transforming one-time purchasers to loyal customers.Businesses need help to access and deploy these powerful tools, however 鈥?and this means their merchant service prov stanley ca stanley quencher iders MSPs must be prepared to step up. Many MSPs, including acquirers, independent sales organizations, payment gateways and payment facilitators, are starting to recognize this. Nearly 90 percent of MSPs consider offering value-added services VAS such as alternative payment acce stanley hrnek ptance and data analytics to be very or extremely important to their success.Its one thing to recognize the importance of VAS. However, its another to offer the services that add genuine value and possess the processing infrastructure to support them. In The Key To Optimizing Merchant Services Report, in collaboration with Endava, PYMNTS surveyed executives at more than 200 MSPs, from those serving small businesses to those with more than $10 million in annual revenues. Our analysis reveals a wealth of insights on whats driving the MSP innovation agenda and the role core processing plays in these plans.Most MSPs already offer a suite of VAS. Our research indicates that MSPs offer 6.8 services on average, and this number will jump to nearly 10 within the next two years if providers follow thr Iwix Summer Slows Down And Ethoca Snags $45M L6 d) \" K7 y* g: K$ C
SoftBank is gearing up to invest $2.25 billion in General Motors聽 GM self-driving unit Cruise, in what appears to be validating GM position in autonomous driving.Reuters, citing the companies, reported that the investment is coming from the SoftBank $100 billion Vision Fund. Reuters noted it one of the fund biggest investments in self-driving technology. Cruise, as a result of t stanley cup he investment, has an $11.5 billion valuation. GM 82 kubki stanley 17 Chief Executive Officer Mary Barra said the vehicle manufacturer is on track to start rolling out Cruise AVs in commercial ridesharing fleets next year and that it will launch its own ride and delivery services business. She also said the company could look for other opportunities with some of the SoftBank funded companies that include Uber, Didi, Ola, and Grab. GM plans to invest $1.1 billion in Cruise once the deal with SoftB stanley quencher ank closes, the report noted.SoftBank Vision Fund will own a nearly 20 percent stake in GM Cruise once the deal closes and will have one of six seats on the board. Reuters noted GM investment will be held in a preferred security, which can be converted to GM common stock in seven years. Initially, SoftBank said it will invest $900 million and an additional $1.35 billion when Cruise vehicles are ready for deployment.聽 Starting in the second quarter GM will report聽Cruise financials on a standalone basis.The investment聽in GM Cruise unit comes as Warren Buffett confirmed that he |
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