Business
TikTok owner ByteDance has begun rolling out an electronic payment service connected to Douyin, the Chinese version of the popular short video app, the tech giant said Tuesday.
Jan 19, 2021
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6
During the Black Friday to Cyber Monday weekend two years ago, about 8,000 people for the first time used Sezzle Inc.'s payment system when they shopped online.
Dec 31, 2020
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4
Automotive
The COVID-19 pandemic initially slowed car sales, but now many new-car buyers are making more expensive purchases than ever before, according to sales data from Edmunds.
Dec 2, 2020
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0
Business
China's Ant group may have been dealt a setback with the shelving of its IPO but European banks remain wary that Chinese tech giants may soon be their main competitors.
Nov 22, 2020
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6
Business
Business
India's anti-trust watchdog has ordered a probe into Google's payments app over allegations the tech giant is abusing its market dominance.
Nov 10, 2020
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4
Business
WhatsApp on Friday entered an increasingly tense battle between multinational giants such as Google and Alibaba for a chunk of India's fast growing digital payments market.
Nov 6, 2020
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10
Business
After watching the explosive growth at electronic payment start-ups like Jack Dorsey's Square, JPMorgan Chase has launched its own version to lure small business owners increasingly relying on technology during the pandemic.
Oct 21, 2020
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4
Business
South Korea has launched an antitrust probe into Google over its plan to enforce its 30-percent Play Store commission by disallowing any apps circumventing its payment system, a top official said Thursday.
Oct 8, 2020
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6
Internet
Google said Monday it plans to start enforcing a rule requiring Android apps in its Play store to use its payment system, which takes a 30 percent cut of transactions.
Sep 29, 2020
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10
A payment is the transfer of wealth from one party (such as a person or company) to another. A payment is usually made in exchange for the provision of goods, services or both, or to fulfill a legal obligation.
The simplest and oldest form of payment is barter, the exchange of one good or service for another. In the modern world, common means of payment by an individual include money, cheque, debit, credit, or bank transfer, and in trade such payments are frequently preceded by an invoice or result in a receipt. However, there are no arbitrary limits on the form a payment can take and thus in complex transactions between businesses, payments may take the form of stock or other more complicated arrangements.
In law, the payer is the party making a payment while the payee is the party receiving the payment.
This text uses material from Wikipedia, licensed under CC BY-SA
