Tuesday, July 2, 2019

Rise of merchant payments as companies burn cash on P2P txns

The share of merchant payments on UPI has grown to 31% in June from around 16% of total UPI transactions in April last year https://ift.tt/2YtLHqy https://ift.tt/eA8V8J

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Alibaba reports Q4 revenue up 3% YoY to ~$35.8B, below ~$36.3B est., and net income up ~100% to ~$3.7B, in part due to investments, as it seeks to monetize AI (Luz Ding/Bloomberg)

Luz Ding / Bloomberg : Alibaba reports Q4 revenue up 3% YoY to ~$35.8B, below ~$36.3B est., and net income up ~100% to ~$3.7B, in part du...