Tuesday, September 10, 2019

KYC rider gets banks back in remittance game

Mandatory full KYC requirement for creating and transferring money through wallets has brought about a shift in business https://ift.tt/303G4PW https://ift.tt/eA8V8J

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Meituan reports Q1 revenue up 5.6% YoY to ~$13.5B, above ~$13.4B est., and a ~$1B net loss, its third straight quarter of losses amid a food delivery price war (Tracy Qu/Wall Street Journal)

Tracy Qu / Wall Street Journal : Meituan reports Q1 revenue up 5.6% YoY to ~$13.5B, above ~$13.4B est., and a ~$1B net loss, its third st...