Greece Financing – Greek Homes http://greekhomes.info/ Thu, 29 Apr 2021 03:51:46 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.1 http://greekhomes.info/wp-content/uploads/2021/04/default.png Greece Financing – Greek Homes http://greekhomes.info/ 32 32 “ We have to prove that democracy still works ” http://greekhomes.info/we-have-to-prove-that-democracy-still-works/ http://greekhomes.info/we-have-to-prove-that-democracy-still-works/#respond Thu, 29 Apr 2021 03:03:36 +0000 http://greekhomes.info/we-have-to-prove-that-democracy-still-works/ CBC So, have you sold your house? What comes next isn’t always smooth navigation Michael Margaritis just sold his 1.8 hectare property in Oldcastle, just south of Windsor, Ont., For $ 1.35 million. Suddenly he and his family were in a race against time to buy a new home. “I was a rich man with […]]]>


CBC

So, have you sold your house? What comes next isn’t always smooth navigation

Michael Margaritis just sold his 1.8 hectare property in Oldcastle, just south of Windsor, Ont., For $ 1.35 million. Suddenly he and his family were in a race against time to buy a new home. “I was a rich man with no home,” Margaritis said. He went from being a seller cashing in a hot market to a buyer trying to get a home in the same environment, a difficult transition that surprises sellers. Margaritis has submitted bids on four or five houses to no avail – and has resisted bidding wars, which he says are pushing house prices up unfairly. “It’s unethical or dirty,” he said, adding that he had been told, “If you don’t go up [in an offer], you will never get a house. We had to buy a house because we have to get out of here. Margaritis sold her property for $ 1.35 million, but struggled to find one to move into in a booming real estate market. (Katerina Georgieva / CBC) Eventually, he and his wife made an offer of $ 804,000 on a Windsor home listed at $ 700,000. On the day the offers were reviewed, he said, his real estate agent told him to go up to $ 850,000 to close the deal. Margaritis resisted, but ultimately went for $ 825,000 and the house was theirs – although Margaritis insists the house is not worth what he paid for. “I was a poor man when I came to this country, and I don’t like throwing away money, especially thousands, hundreds of thousands.” He said he bought this particular house because it was big enough to house his daughters and their spouses – he worries they may never be able to buy a house on their own, given the market. Funding issues What followed was another roadblock. He takes possession of the new home May 13, with his current home closing in late June, meaning he needed a bridging mortgage to help cover costs in the interim. Since he and his wife are retirees and together earn around $ 75,000, this has been a difficult process. Margaritis says it was stressful navigating the bridging mortgage he needed to make up the period between his current home’s closing date and his new one. (Katerina Georgieva / CBC) “With this money the bank can’t even look at you,” he said, despite having a number of other assets. eventually secured a short-term mortgage to cover the period between the closing dates, it was a stressful experience that left them feeling stranded. According to Damon Winney, president of the Windsor-Essex County Realtors Association, some of this stress could have been alleviated if the current home had been sold after the new home was purchased, to ensure the closing dates were in sync. Some sell, then find themselves stranded for renting Mortgage Broker Rasha Ingratta says that in the past it was always advisable to sell first. But this is reversed in the current climate. “Make sure you buy a house before you sell your house, as we find that a lot of people are selling their house. house – but [don’t] »Ingratta said. There are more declining sales than ever before. – Rasha Ingratta, Mortgage Broker She said a number of her clients sold their homes first, but unable to buy what they wanted with that money, are Rasha Ingratta, of Mortgage Intelligence, says she is seeing more sales drop than ever before. (CBC) Transition from seller to buyer Margaritis is stunned by the state of the market. “It’s easy to sell,” he says. “But when you buy, you will find that the money you have is probably not going to be enough.” He is frustrated that many homes are listed well below market value to gain more attention, suggesting it is to “fool” people. But Winney said that ultimately, realtors serve their clients by offering advice, never straining their hands. Damon Winney, president of the Windsor-Essex County Real Estate Association, says it’s rare for sales to fail, but it does happen. (CBC) “We can’t force them to do anything. We can just provide them with advice. If the seller and / or buyer wants to take our advice, it is in their best interest, the customer. Winney also recognized the difficult transition from seller to buyer. “Their euphoric high that they just got when they ‘just cashed in on the sale of their home, it’s a wonderful time,” he said. said. “But it’s the realization shortly after that now you’re in the mix with everyone. But what they have in their back pocket that a lot of people don’t have is knowing that ‘They have a lot of equity in the sale of their home. ”According to Ingratta, another growing problem is not all sales are working.“ There are more falling sales than ever before. ”Money goes through Winney said that it is rare for sales to drop, but it does happen. “When you put your heart and energy into ns buying and selling one at home, because it’s a very emotional process, when that happens it’s absolutely devastating for the parties involved, “said Winney. It’s a sellers’ market, which means the sell-first, buy-later strategy has shifted. (Katerina Georgieva / CBC) Funding is one of the main reasons a sale may not go through. A buyer can be funded for a certain amount, so they place a bid in that price range. If this offer is accepted at $ 500,000, for example, but following an appraisal the bank decides that the house is only worth $ 450,000, you will not get the fu All the necessary financing, leaving the buyer have to make up the difference. “And it’s tough sometimes when it’s, say, $ 50,000,” Ingratta said. She said it was difficult to encourage customers to put any kind of financing condition on their offers because it usually means killing any chance of getting the home. This is a risk not only for the buyer, but also for the seller. This forces them to consider whether to accept an offer well above the estimated market value, at the risk that it depends on a mortgage approval that could go wrong. What happens when a sale goes wrong? In cases where financing fails and the buyer withdraws, the seller retains the deposit and may elect to sue for damages. According to Ingratta, however, normally the house would be put back on the market and, in this climate, would likely sell for the same price or more. She said some mortgage brokers have access to their own systems to help them do a “desk appraisal” to see if putting an offer on a home is worth it by helping determine if it will be priced at. the offer. Ingratta advises her clients to do this before making an offer – particularly in a market where homes sometimes sell tens of thousands of dollars above asking price.



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US, Japan, South Korea plan foreign ministers meeting in May: media http://greekhomes.info/us-japan-south-korea-plan-foreign-ministers-meeting-in-may-media/ http://greekhomes.info/us-japan-south-korea-plan-foreign-ministers-meeting-in-may-media/#respond Thu, 29 Apr 2021 02:40:44 +0000 http://greekhomes.info/us-japan-south-korea-plan-foreign-ministers-meeting-in-may-media/ CBC So, have you sold your house? What comes next isn’t always smooth navigation Michael Margaritis just sold his 1.8 hectare property in Oldcastle, just south of Windsor, Ont., For $ 1.35 million. Suddenly he and his family were in a race against time to buy a new home. “I was a rich man with […]]]>


CBC

So, have you sold your house? What comes next isn’t always smooth navigation

Michael Margaritis just sold his 1.8 hectare property in Oldcastle, just south of Windsor, Ont., For $ 1.35 million. Suddenly he and his family were in a race against time to buy a new home. “I was a rich man with no home,” Margaritis said. He went from being a seller cashing in a hot market to a buyer trying to get a home in the same environment, a difficult transition that surprises sellers. Margaritis has submitted bids on four or five houses to no avail – and has resisted bidding wars, which he says are pushing house prices up unfairly. “It’s unethical or dirty,” he said, adding that he had been told, “If you don’t go up [in an offer], you will never get a house. We had to buy a house because we have to get out of here. Margaritis sold her property for $ 1.35 million, but struggled to find one to move into in a booming real estate market. (Katerina Georgieva / CBC) Eventually, he and his wife made an offer of $ 804,000 on a Windsor home listed at $ 700,000. On the day the offers were reviewed, he said, his real estate agent told him to go up to $ 850,000 to close the deal. Margaritis resisted, but ultimately went for $ 825,000 and the house was theirs – although Margaritis insists the house is not worth what he paid for. “I was a poor man when I came to this country, and I don’t like throwing away money, especially thousands, hundreds of thousands.” He said he bought this particular house because it was big enough to house his daughters and their spouses – he worries they may never be able to buy a house on their own, given the market. Funding issues What followed was another roadblock. He takes possession of the new home May 13, with his current home closing in late June, meaning he needed a bridging mortgage to help cover costs in the interim. Since he and his wife are retirees and together earn around $ 75,000, this has been a difficult process. Margaritis says it was stressful navigating the bridging mortgage he needed to make up the period between his current home’s closing date and his new one. (Katerina Georgieva / CBC) “With this money the bank can’t even look at you,” he said, despite having a number of other assets. eventually secured a short-term mortgage to cover the period between the closing dates, it was a stressful experience that left them feeling stranded. According to Damon Winney, president of the Windsor-Essex County Realtors Association, some of this stress could have been alleviated if the current home had been sold after the new home was purchased, to ensure the closing dates were in sync. Some sell, then find themselves stranded for renting Mortgage Broker Rasha Ingratta says that in the past it was always advisable to sell first. But this is reversed in the current climate. “Make sure you buy a house before you sell your house, as we find that a lot of people are selling their house. house – but [don’t] »Ingratta said. There are more declining sales than ever before. – Rasha Ingratta, Mortgage Broker She said a number of her clients sold their homes first, but unable to buy what they wanted with that money, are Rasha Ingratta, of Mortgage Intelligence, says she is seeing more sales drop than ever before. (CBC) Transition from seller to buyer Margaritis is stunned by the state of the market. “It’s easy to sell,” he says. “But when you buy, you will find that the money you have is probably not going to be enough.” He is frustrated that many homes are listed well below market value to gain more attention, suggesting it is to “fool” people. But Winney said that ultimately, realtors serve their clients by offering advice, never straining their hands. Damon Winney, president of the Windsor-Essex County Real Estate Association, says it’s rare for sales to fail, but it does happen. (CBC) “We can’t force them to do anything. We can just provide them with advice. If the seller and / or buyer wants to take our advice, it is in their best interest, the customer. Winney also recognized the difficult transition from seller to buyer. “Their euphoric high that they just got when they ‘just cashed in on the sale of their home, it’s a wonderful time,” he said. said. “But it’s the realization shortly after that now you’re in the mix with everyone. But what they have in their back pocket that a lot of people don’t have is knowing that ‘They have a lot of equity in the sale of their home. ”According to Ingratta, another growing problem is not all sales are working.“ There are more falling sales than ever before. ”Money goes through Winney said that it is rare for sales to drop, but it does happen. “When you put your heart and energy into ns buying and selling one at home, because it’s a very emotional process, when that happens it’s absolutely devastating for the parties involved, “said Winney. It’s a sellers’ market, which means the sell-first, buy-later strategy has shifted. (Katerina Georgieva / CBC) Funding is one of the main reasons a sale may not go through. A buyer can be funded for a certain amount, so they place a bid in that price range. If this offer is accepted at $ 500,000, for example, but following an appraisal the bank decides that the house is only worth $ 450,000, you will not get the fu All the necessary financing, leaving the buyer have to make up the difference. “And it’s tough sometimes when it’s, say, $ 50,000,” Ingratta said. She said it was difficult to encourage customers to put any kind of financing condition on their offers because it usually means killing any chance of getting the home. This is a risk not only for the buyer, but also for the seller. This forces them to consider whether to accept an offer well above the estimated market value, at the risk that it depends on a mortgage approval that could go wrong. What happens when a sale goes wrong? In cases where financing fails and the buyer withdraws, the seller retains the deposit and may elect to sue for damages. According to Ingratta, however, normally the house would be put back on the market and, in this climate, would likely sell for the same price or more. She said some mortgage brokers have access to their own systems to help them do a “desk appraisal” to see if putting an offer on a home is worth it by helping determine if it will be priced at. the offer. Ingratta advises her clients to do this before making an offer – particularly in a market where homes sometimes sell tens of thousands of dollars above asking price.



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The Greek neo-bank “Viva Wallet” raises a capital of 80 million dollars http://greekhomes.info/the-greek-neo-bank-viva-wallet-raises-a-capital-of-80-million-dollars/ http://greekhomes.info/the-greek-neo-bank-viva-wallet-raises-a-capital-of-80-million-dollars/#respond Thu, 29 Apr 2021 02:00:40 +0000 http://greekhomes.info/the-greek-neo-bank-viva-wallet-raises-a-capital-of-80-million-dollars/ Viva Wallet, a digital banking service, grows with the addition of $ 80 million in funding. Credit: Android Open Source Project, used under terms described in the Creative Commons 2.5 Attribution License. Greek financial start-up “Viva Wallet”, one of the so-called “neo-banks” making inroads into small businesses, has raised a total of $ 80 million […]]]>


Viva wallet
Viva Wallet, a digital banking service, grows with the addition of $ 80 million in funding. Credit: Android Open Source Project, used under terms described in the Creative Commons 2.5 Attribution License.

Greek financial start-up “Viva Wallet”, one of the so-called “neo-banks” making inroads into small businesses, has raised a total of $ 80 million in funding to expand its footprint as well as services that she proposes.

These small financial institutions continue to make waves in financial markets around the world, with their agility in enabling their customers to bank online and use a range of new technologies.

Grecian Delight supports Greece

These small businesses also allow for greater personalization of the relationship between the bank and the customers it serves.

Viva Wallet, aimed at small and medium-sized traders, will now be able to expand its Merchant Advance loan portfolio.

Viva Wallet soon to be present in 26 European countries

It already operates in 23 European countries and has expansion plans for Croatia, Hungary and Sweden.

According to experts, the decision to fund the startup is gaining attention because of who is investing in it. Tencent, the Chinese tech giant that is part of WeChat, contributed, along with the European Bank for Reconstruction and Development (EBRD).

Danying Ma, Managing Director of Tencent Investment, said, “Tencent shares Viva Wallet’s aspirations to create value for users and partners through innovation. We look forward to supporting Viva Wallet in its expansion across Europe. “

Additionally, Hedosophia, the little-known fund that has buffered into PSPCs in the United States, is also in the mix, according to a report from Techcrunch.com.

Breyer Capital is also a contributor of funds to the startup. Jim Breyer said in a statement after the announcement: “We are very happy to help Viva Wallet unify the fragmented European payments ecosystem in 23 countries. Viva Wallet is at the forefront of a paradigm shift for fintech and together we plan to transform the payments industry in Europe. “

New legal entity reportedly holds loans for Viva Wallet

Yannis Larios, vice president of strategy and business development at Viva Wallet, confirmed to Techcrunch that the company is in the process of closing a large Series D that will value the company at 1.5 billion euros (1.8 billion euros). billion dollars).

While he does not disclose the real value of the company at this time, it is now seen as a formidable presence in its field.

The vice president said in the report that when his company closed its Series C in the second half of 2019, it was worth 305 million euros ($ 368,985,950).

At this point, it’s unclear whether this Series D amounts to a € 500million ($ 603million) investment round that Viva Wallet raised, according to a Reuters report in August 2020, which was supposed to her. make it possible to create a type of loan book that focuses on its cash advances and other similar loans.

If the deal is approved by regulators, investors will receive stakes in a new legal entity, which will hold the loans.

Although this is not the usual way of handling loan debt by neo-banks, experts believe that the point of going through this process is to allow startups to have more agility by removing part of the risk that it bears on its balance sheet.

It is not known at this time whether there will potentially be less liability regarding these loans.

The 2021 gains come after the excellent results of 2020

The funding comes as Europe begins to ease its transition out of the locks of the pandemic, which has ravaged the continent over the past year, particularly, of course, the tourism sector, including countries south of Europe are particularly dependent.

Since it focuses primarily on merchants, Viva Wallet is the kind of nimble tech startup that can help some businesses recover at the start of the summer 2021 tourist season.

Haris Karonis, Founder and CEO of Viva Wallet, said in a statement: “We are delighted to integrate Tencent, EBRD and Breyer Capital into Viva Wallet.

“We are convinced that the vast know-how and network of partnerships of our investors will accelerate Viva Wallet’s project to unify the fragmented European payments market. The technological innovations we are bringing to European merchants will help them deliver a localized, frictionless payment experience to all of their customers, and free them from the hassle of maintaining legacy card terminals.

The neo-banking field is becoming more and more competitive, with other companies such as Finom, Wise, Monzo, Penta, Starling and ANNA in the mix at the moment.

However, TechCrunch says Viva Wallet is now receiving special attention due to its proven track record in the industry.

Vice President Larios said his business has been profitable since the first quarter of 2021, adding to gains made last year which totaled 40%.

Viva Wallet focuses on businesses, not consumers

Currently, Viva Wallet has 60,000 merchants using its system. Larios told interviewers he expects the company to have 100,000 such clients by the end of 2021.

Explaining that one of the ways that has made it so successful is that it has taken a “very localized approach to growth,” notes Larios, going so far as to set up offices in each country where it operates – this which not technically necessary in this digitally powered world.

Even as physical financial institutions close their physical locations, Viva Wallet relies on the security merchants can feel when dealing with an entity that has offices nearby.

“Viva Wallet proves the resilience of its business model,” adds Larios.

The gigantic increase in funding will be used not only to expand its lending program, but also to add areas where Viva Wallet already predominates, including the Tap-On-Phone point-of-sale option.

Unlike the system used by Square, the tap-on-phone system turns any Android device, including a smartphone, tablet or other device, into a card terminal, with which contactless and PIN-code payments can be done.

No other hardware is needed for this type of transaction.

Larios also told reporters that there would be mergers and acquisitions underway for the company to expand into even more markets.

However, he states that Viva Wallet will not thrive in the consumer market, claiming that this particular area has been found to show very slim if not zero profit margins.

Larios states that “Viva Wallet focuses only on businesses and will continue to do so. The consumer segment offers no space for profitability and we find that all competing consumer-driven neo-banking business models primarily burn money.

“We are focusing on SMEs (small and medium-sized enterprises) in Europe, providing a pan-European payment solution which is however very localized to meet the real local needs of merchants in terms of accepting local payments, local IBAN accounts, local BIN business debit cards, etc. “

Larios maintains that while his business may have a lot of small businesses as clients, he notes that it also serves mid-sized businesses, as well as even some supermarket chains, this will remain his area of ​​expansion.

This means that the company has created its own niche to the point that larger investors will also be more likely to invest in Viva Wallet.



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Recovery and Resilience Facility: Germany and Greece present official recovery and resilience plans – The European Sting – Critical News & Insights on European Politics, Economy, Foreign Affairs, Business & Technology http://greekhomes.info/recovery-and-resilience-facility-germany-and-greece-present-official-recovery-and-resilience-plans-the-european-sting-critical-news-insights-on-european-politics-economy-foreign-affairs-busi/ http://greekhomes.info/recovery-and-resilience-facility-germany-and-greece-present-official-recovery-and-resilience-plans-the-european-sting-critical-news-insights-on-european-politics-economy-foreign-affairs-busi/#respond Wed, 28 Apr 2021 12:16:58 +0000 http://greekhomes.info/recovery-and-resilience-facility-germany-and-greece-present-official-recovery-and-resilience-plans-the-european-sting-critical-news-insights-on-european-politics-economy-foreign-affairs-busi/ (Martin Sanchez, Unsplash) This article is brought to you in collaboration with the European Commission. The Commission has received official recovery and resilience plans from Germany and Greece. These plans define the reforms and public investment projects that each Member State plans to implement with the support of the Recovery and Resilience Mechanism (FRR). The […]]]>


(Martin Sanchez, Unsplash)

This article is brought to you in collaboration with the European Commission.


The Commission has received official recovery and resilience plans from Germany and Greece. These plans define the reforms and public investment projects that each Member State plans to implement with the support of the Recovery and Resilience Mechanism (FRR).

The RRF is the key instrument at the heart of NextGenerationEU, the EU’s plan to emerge stronger from the COVID-19 pandemic. It will provide up to € 672.5 billion to support investments and reforms (at 2018 prices). This breaks down into grants totaling 312.5 billion euros and 360 billion euros in loans. The FRR will play a crucial role in helping Europe to emerge stronger from the crisis and in ensuring green and digital transitions.

The presentation of these plans follows an intensive dialogue between the Commission and the national authorities of these Member States in recent months.

Germany’s recovery and resilience plan

Germany’s recovery and resilience plan includes measures totaling 27.9 billion euros. The maximum financial contribution in grants awarded to Germany under the Regulation amounts to € 25.6 billion. As the estimated cost of the German plan is higher than the allocation for Germany, any additional amount will be covered by Germany.

The German plan is structured around six political priorities. These include reform and investment measures related to climate action and energy transition, the digitization of the economy, infrastructure and education, social participation, strengthening of a health system resistant to pandemics, modernization of public administration and reduced barriers to investment. The projects of the plan cover the entire life of the FRR until 2026. The plan proposes projects in the seven key European areas. The plan also includes three important projects of common European interest (IPCEI) in the fields of hydrogen, cloud infrastructure and services and microelectronics.

Greece’s recovery and resilience plan

Greece has requested total support of € 30.5 billion under the FRR, € 17.8 billion in grants and € 12.7 billion in loans.

The Greek plan is structured around four pillars: green, digital, employment, skills and social cohesion, and private investment and economic and institutional transformation. The plan proposes investments and reforms linked to the seven key European areas.

Next steps

The Commission will assess the plans in the next two months on the basis of the eleven criteria set out in the regulation and translate its content into legally binding acts. This assessment will include, in particular, an examination of whether the plans are contributing to effectively addressing all or a significant subset of the challenges identified in the country-specific recommendations issued as part of the European Semester. The Commission will also assess whether plans devote at least 37% of spending to investments and reforms that support climate goals and 20% to digital transition. On the basis of a Commission proposal, the Council will normally have four weeks to adopt the Commission proposal.

The approval of the plan by the Council would pave the way for the disbursement of a pre-financing of 13% to each Member State. This is subject to the entry into force of the own resources decision, which must first be approved by all Member States.

The Commission has now received a total of three recovery and resilience plans, from Germany, Greece and Portugal. It will continue to work actively with other Member States to help them implement high quality plans.



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Starbucks sees mobile and loyalty boost sales; Stripe Adds Sales Tax Through TaxJar Agreement http://greekhomes.info/starbucks-sees-mobile-and-loyalty-boost-sales-stripe-adds-sales-tax-through-taxjar-agreement/ http://greekhomes.info/starbucks-sees-mobile-and-loyalty-boost-sales-stripe-adds-sales-tax-through-taxjar-agreement/#respond Wed, 28 Apr 2021 11:04:00 +0000 http://greekhomes.info/starbucks-sees-mobile-and-loyalty-boost-sales-stripe-adds-sales-tax-through-taxjar-agreement/ The information you need to start your day, from PaymentsSource and on the web: Star power Starbucks loyalty program generated 52% of sales in the United States in the quarter ended March 31, with Starbucks Rewards membership increasing from 1 million to 22.9 million and drive-thru accounting for 50% of sales net, Kevin Johnson, president […]]]>


The information you need to start your day, from PaymentsSource and on the web:

Star power

Starbucks loyalty program generated 52% of sales in the United States in the quarter ended March 31, with Starbucks Rewards membership increasing from 1 million to 22.9 million and drive-thru accounting for 50% of sales net, Kevin Johnson, president and CEO of Starbucks told analysts. .

Mobile orders accounted for 26% of US store sales, up from 18% a year earlier, and Stars for Everyone – allowing customers to earn rewards through any payment method – drove higher levels of activity across the country. during his first six months, Johnson said. In China, the results of the expansion of Starbucks Now mobile orders to WeChat and Alibaba pushed mobile orders to 34% of sales, up from 30% in the previous quarter, he said.

Starbucks is increasingly relying on artificial intelligence to personalize customer offerings, predict customer traffic and inventory needs as stores around the world slowly begin to return to pre-pandemic levels, according to Johnson.

Taxation

Bandaged has added several new merchant services over the past year in an effort to grow its customer base by reaching businesses that quickly made the switch to digital during the pandemic.

The company plans to add access to sales tax software by agreeing to purchase TaxJar, which hopes Stripe will handle more than 11,000 different sales tax jurisdictions in the United States, as well as more variance in international markets. . Terms of the contract are not disclosed.

Stripe said one of the top user requests over the past five years has been for sales tax help and that they plan to use TaxJar to provide sales tax rates at checkout, automate the submission of tax returns and remittance of sales tax; and localized compliance.

Crypto cabin

Mobile payment company HIPS Payment Group and Nordic taxi payment rail The Payment House have teamed up to enable cryptocurrency payments for taxis in Scandinavia and the UK

The payment gateway will debut in a beta test in November and will use the HIPS Merchant Protocol (HMP) and Merchant Gateway (HMP Gateway) on Ethereum. Over 20,000 taxis in Scandinavia and 10,000 in the UK will be covered.

The Merchant Token (MTO) and the USD Coin will be the initial tokens available at launch, and support for other cryptocurrencies will be evaluated after the beta test.

Dub nation

The Golden State Warriors plan to auction off a set of Non-Fungible Memorial Tokens (NFTs), a form of investment that symbolizes something tangible to create a one-to-one form of currency between buyer and seller.

NBA franchise auction includes digital ticket stubs from visual arts studio Black Madre and virtual and physical championship rings, reports Coindesk. The team will donate a portion of the funds to their charitable efforts.

Most NFT sales so far have included digital art and memorabilia such as the classic Time Magazine covers. The concept has potential for more mainstream transactions as the underlying technology allows payments to bypass traditional gatekeepers such as app stores and auction houses.

Scorecard

At least five Major League stadiums have recently added mobile ordering and contactless payments, including Globe Life Field, Progressive Field, Busch Stadium and Dodger Stadium.

Ball parks are speeding up stadium technology to accommodate larger crowds, as CDC guidelines allow more fans at outdoor facilities. The company that provided the technology, Appetize, reports that less than 3% of transactions at the parks since the start of the 2021 season have been made in cash.

The Red Sox’s top minor league club, the Worcester Red Sox, has deployed a wide range of contactless and paymentless technologies, with the aim of eventually deploying this complete menu at Fenway Park.

On the Web

PayPal’s ambition and the uphill battle in China
TECHCRUNCH | Wednesday April 28, 2021
At the recent Boao Forum for Asia, China’s response to Davos, the U.S. payments giant said its strategy for China was not to challenge the duopoly of Alipay and WeChat Pay. Instead, he wants to focus on cross-border business and provide gateways for both Chinese merchants to raise funds and Chinese consumers to pay for goods abroad.

Analysis: Grab’s Nasdaq Debut to Test Its $ 40 Billion Valuation and Build a Roadmap for PSPC Hopes
REUTERS | Wednesday April 28, 2021
The Singapore Grab has more than doubled its valuation to $ 40 billion in about a year under the world’s largest PSPC deal, but maintaining that level after its debut in the United States will be a test not only for investors, but also for companies considering similar listings.

Greek wallet Viva raises $ 80 million for its neo-bank targeting small traders
TECHCRUNCH | Wednesday April 28, 2021
Viva Wallet, a Greek start-up that creates banking services for small and medium-sized traders, has secured $ 80 million in funding, money it will use to expand its footprint and the services it offers to users, by particularly by developing its Merchant Advance. loan business.

Learn more about PaymentsSource

‘Digital gold’: Visa bets big on cryptocurrency
Visa CEO Al Kelly detailed the brand’s efforts to capitalize on trends such as central bank digital currencies and financial inclusion.

Fiserv Adds PayPal and Venmo to Clover, Signs Major Customer in Brazil
Fiserv now allows merchants using the Clover point of sale platform to accept PayPal and Venmo payments, an initiative that serves the company still focuses on full omnichannel experiences for its merchants.

US Bank offers digital asset custody service
US Bancorp has announced a series of measures designed to meet growing customer demand for cryptocurrency services.

Stage workers show strong preference for faster payments
Four in five workers want faster payments, and most have less than $ 500 in savings, according to a study by Branch and Marqeta.

Barclays, Amount add installment loans
Barclays US, which offers a range of co-branded credit cards targeting middle-income consumers, is adding a buy-now / pay-later option for its merchant partners.

Security Assessments Need Upgrade For Ecommerce Dominance
It has been a roller coaster year on a global scale. But retail is one industry that’s better suited than most for punches. Yet the dramatic pivot of online shopping has increased cybercrime risks for these businesses and their merchant service providers.

Digital growth must also extend to the employee experience
The rapid adoption of fintech, coupled with remote working, is forcing companies to focus on internal innovation as well as advancements in contact with customers.

Complexity is the enemy of the UK’s digital currency
Central bank digital currencies evolve much faster in China and Latin America, where financial structures are less complicated than in the UK and US.

Rule # 1 for central bank digital currencies: do no harm
Central banks around the world have decided to compete with private cryptocurrencies and with each other in the race to issue central bank digital currencies. These efforts are important, but policymakers should pay the same attention to the financial stability risks that may be associated with CBDCs.

How mobile wallet usage exploded after a year of lockdown
Mobile wallets have been widely adopted as an in-store payment method in China, but their appeal in the United States has remained until recently. Coronavirus fears have prompted many Americans to rethink the mobile wallet value proposition.

JPMorgan Prepares to Offer Bitcoin Fund to High Net Worth Clients
JPMorgan Chase is preparing to offer a bitcoin fund to high net worth clients, the latest sign that Wall Street is heating up towards the biggest cryptocurrency after its skyrocketing in recent months.

Friendly Fraud and Refund Abuse Require a New Approach for Ecommerce
Fraud detection and prevention technology must align with clear return policies and strong customer service, ensuring that confused but loyal and well-meaning customers can continue to buy from merchants, says Mairtin O’Riada of Ravelin.

One of America’s Oldest Wine Vendors Begins to Take Crypto
Acker from New York wants crypto investors to convert their wealth into expensive wines.

Amex sees China as a launching pad for global growth in throughput
American Express’s payment processing operations in China allow it to expand its debit offering to new countries.

India punishes Amex and Diners for flouting data storage rules
The Reserve Bank of India has blocked American Express and Diners Club from adding new local customers, citing breaches of data storage rules.

Ending card outsourcing can strengthen issuer control
Despite the benefits of introducing cards in-house, many financial institutions still outsource their portfolios to credit card agents to manage programs on their behalf.

With the stadiums opening, facial recognition is ready for a close-up
Long after the pandemic is finally behind us, the many financial and security benefits owners, management companies and fans receive from the technology’s implementation will remain too valuable to ignore, says Robb Watts of Corsight.

The Buy Now / Pay Later market faces the complexity of product returns
Affirm’s agreement to buy Returnly highlights the need to streamline the process when a point-of-sale lender sits between the consumer and the merchant.

Best fintechs to work for
Top executives from the 49 companies that earned a spot in this year’s ranking of Best Fintechs to Work for cite the need for agile changes in business strategy, leadership style and recruiting tactics among the lessons they have. learned from the challenges of the coronavirus crisis.



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Greek wallet Viva raises $ 80 million for its neo-bank targeting small businesses – TechCrunch http://greekhomes.info/greek-wallet-viva-raises-80-million-for-its-neo-bank-targeting-small-businesses-techcrunch/ http://greekhomes.info/greek-wallet-viva-raises-80-million-for-its-neo-bank-targeting-small-businesses-techcrunch/#respond Wed, 28 Apr 2021 09:56:15 +0000 http://greekhomes.info/greek-wallet-viva-raises-80-million-for-its-neo-bank-targeting-small-businesses-techcrunch/ Challenger banks continue to make big waves in the financial world, with small businesses luring customers away from incumbents by providing an easier way for them not only to engage with basic banking services, but also to tapping into a wave of deals often better equation. In the latest development, Viva Wallet, a Greek start-up […]]]>


Challenger banks continue to make big waves in the financial world, with small businesses luring customers away from incumbents by providing an easier way for them not only to engage with basic banking services, but also to tapping into a wave of deals often better equation. In the latest development, Viva Wallet, a Greek start-up that creates banking services for small and medium-sized traders, has secured $ 80 million in funding, money it will use to expand its footprint and the services it provides. offers users, in particular by developing its Merchant Advance loan business.

The company is already present in 23 European markets and plans to expand it soon to Croatia, Hungary and Sweden.

Funding is remarkable in part because of who is investing. Tencent – the Chinese tech giant behind Wechat which is also making major breakthroughs in financial services – is in the round, alongside the European Bank for Reconstruction and Development (EBRD) and Breyer Capital.

Viva Wallet is not disclosing its valuation at the moment, but Yannis Larios, vice president of strategy and business development at the company, has confirmed to us that he was in the process of shutting down a major D series – last August at 500 million euros ($ 603 million) – that will value him at 1.5 billion euros ($ 1.8 billion). It’s a big leap: he also noted that when Viva Wallet closed its Series C in the second half of 2019, it was valued at € 305 million.

When it closes, Series D will be used, according to a report by Reuters, to help Viva Wallet create a new type of loan portfolio around its merchant advances and other loans it provides to clients. Essentially, if approved by regulators, investors would take stakes in a new legal entity, a special purpose vehicle, which would hold the loans. This is not usually how loan debt is handled by neo-banks, but it seems the logic is that it could give startups more agility to scale faster by removing some of the risk from their balance sheets. . (The downside: potentially less liability around these loans?)

The cycle is notable for coming at a time when Europe is slowly, hoping to stick its head out under the weight of the Covid-19 pandemic, which has rocked and toppled many already faltering economies even before the public health crisis. Focused primarily on merchants, Viva Wallet is a prime example of the type of tech company that could help some of these critical businesses turn around.

“We are delighted to integrate Tencent, EBRD and Breyer Capital into Viva Wallet,” said Haris Karonis, founder and CEO of Viva Wallet, in a statement. “We are convinced that the vast know-how and network of partnerships of our investors will accelerate Viva Wallet’s project to unify the fragmented European payments market. The technological innovations we are bringing to European merchants will help them deliver a localized, frictionless payment experience to all of their customers, and free them from the hassle of maintaining legacy card terminals.

If you think the neo-banking world is very crowded – and the neo-banks specifically focused on the SME opportunity are getting crowded as well (some of the other contenders include Finom, Wise outside the US, Monzo, Penta, Starling, and ANNA among many others) – one of the reasons Viva Wallet is gaining attention is because of its traction and its track record so far.

Larios says the startup has been profitable as early as the first quarter of this year, thanks to a business that grew more than 40% last year, with 60,000 currently active merchants on its books. It is on track, he said, for that number to reach 100,000 by the end of this year.

One of the reasons for its success, he said, is that it has taken a very localized approach to growth, setting up operations with physical branches in each of the countries where it operates – a kind retro idea in today’s market where banks are closing regularly. their physical locations and become virtual. “Viva Wallet proves the resilience of its business model,” he said.

The funding will be used in part to expand its lending program, but also to expand areas where Viva Wallet is already strong. One of them is its Tap-On-Phone point-of-sale solution, which turns any Android device (smartphone, tablet or business device) into a card terminal, to accept both contactless and by PIN code without requiring separate hardware. (Most point-of-sale systems use small, separate terminals that connect to a tablet or phone.)

He also said there will be mergers and acquisitions in the future to expand to more markets more quickly.

One area in which the business will not grow is that of the consumer. Other neo-banks like Revolut and Atom have leveraged their traction with young consumers to provide services to the businesses they have found, but Larios says this is not a strategy Viva Wallet will adopt the other way around. , especially because the consumer market. so far has proven to be a difficult (or even bad margin) game.

“Viva Wallet is focused only on businesses and will continue to do so!” he said (his exclamation!). “The consumer segment offers no space for profitability and we find that all competing consumer-driven neo-banking business models primarily burn money.

“We are focusing on SMEs in Europe, providing a pan-European payment solution which is however very localized to meet the real local needs of merchants in terms of accepting local payments, local IBAN accounts, business debit cards Local BINs, etc. ” But while Viva Wallet may have a lot of SME clients – and the EBRD’s investment is certainly made to approve it – it points out that it also includes mid-sized companies and some businesses – large merchants like supermarket chains. , for example – and that will be an area in which it will continue to develop.

This gives Viva Wallet enough specialization and differentiation, as well as its profitability by targeting these areas so far, to attract large investors keen to take advantage of the economic recovery, both to help this and to ride the wave. wave of this because it pays dividends.

“We are very happy to help Viva Wallet unify the fragmented European payments ecosystem in 23 countries. Viva Wallet is at the forefront of a paradigm shift for fintech and together we plan to transform the payments industry in Europe, ”Breyer Capital’s Jim Breyer said in a statement.

“Tencent shares Viva Wallet’s aspirations to create value for users and partners through innovation. We look forward to supporting Viva Wallet in its expansion across Europe, ”added Danying Ma, Managing Director of Tencent Investment.



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India’s second Covid wave will impact GDP – Macroeconomic influencers http://greekhomes.info/indias-second-covid-wave-will-impact-gdp-macroeconomic-influencers/ http://greekhomes.info/indias-second-covid-wave-will-impact-gdp-macroeconomic-influencers/#respond Wed, 28 Apr 2021 07:02:36 +0000 http://greekhomes.info/indias-second-covid-wave-will-impact-gdp-macroeconomic-influencers/ Economists estimate that the collapse of India’s healthcare system amid the rapid spread of a second wave of coronavirus infection will cause India’s GDP growth rate to contract in 2021. Christophe Barraud Christophe Barraud, economist, shared an article on the deterioration of India’s GDP growth rate for 2021 from 11.8% to 10.2% by global forecasting […]]]>


Economists estimate that the collapse of India’s healthcare system amid the rapid spread of a second wave of coronavirus infection will cause India’s GDP growth rate to contract in 2021.

Christophe Barraud

Christophe Barraud, economist, shared an article on the deterioration of India’s GDP growth rate for 2021 from 11.8% to 10.2% by global forecasting firm Oxford Economics. The collapse of the health system amid the growing number of Covid-19 cases in the country, the low vaccination rate and the lack of an effective government strategy to combat the pandemic have been attributed as the main reasons for lowering the rate. GDP growth.

The Indian government’s targeted foreclosure approach and firm consumer behavior may mitigate the economic impact of Wave 2. However, if health systems continue to be overloaded with cases and states are forced to impose strict restrictions, the rate of GDP growth could be further scaled back.

Amanda glassman

Amanda Glassman, Executive Vice President and Senior Fellow at the Center for Global Development, shared an article on the economic case for global vaccinations. The global economy could lose up to $ 9.2 billion if developing economies do not have access to Covid-19 vaccines, according to a study by the International Chamber of Commerce (ICC) Research Foundation.

Covid-19 vaccines have been shown to be effective in mitigating the economic and health consequences of the pandemic, although access to these vaccines has been uneven across the world. Developed economies have been successful in securing the supply of the most effective Covid-19 vaccines, which has severely affected their access to emerging economies. Additionally, the COVID-19 Tools Accelerator (ACT), which provides equitable access to coronavirus testing and treatment, is underfunded, hampering its ability to procure vaccines for developing countries. .

The losses caused by unequal distribution and access of vaccines are far less than the funding needed to ensure equitable access to all economies. Funding for the ACT accelerator and a coordinated approach to vaccine delivery are essential for the recovery of the global economy after the pandemic.

John ashcroft

John Ashcroft, economist, shared an article on Goldman Sachs’ prediction that the UK economy is expected to grow faster than the US economy in 2021. UK GDP is expected to grow 7.8% in 2021 from 5.5% in the USA. The investment bank noted that the UK economy was emerging from the Covid-19 crisis faster than expected with April’s flash purchasing managers’ index (PMI) and the services PMI booming.

The UK economy shrank 9.8% in 2020, the worst of the G7 advanced economies. However, the economy contracted less than expected in the first quarter of the year despite the lockdowns. In addition, households are expected to spend more than 5% of the £ 150 billion ($ 208.4 billion) in savings made during the pandemic, thus boosting GDP growth.

Constantine Gurdgiev

Constantin Gurdgiev, an economist, shared an article on Greece submitting an economic stimulus package to the European Union (EU) to boost economic growth by seven percentage points over the next six years. Greece was supposed to receive 18.2 billion euros ($ 21.96 billion) in grants and 13 billion euros ($ 15.7 billion) in cheap loans, as part of a recovery program of the coronavirus approved by EU leaders last year.

The package is equivalent to 16% of the country’s GDP and is expected to help the country recover from the economic crisis created by the pandemic. It also includes 170 proposed projects focused primarily on green energy outside of digital upgrades and transport infrastructure development.





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Endeit Capital plans to boost European phase B startups with its new € 250m growth fund http://greekhomes.info/endeit-capital-plans-to-boost-european-phase-b-startups-with-its-new-e-250m-growth-fund/ http://greekhomes.info/endeit-capital-plans-to-boost-european-phase-b-startups-with-its-new-e-250m-growth-fund/#respond Wed, 28 Apr 2021 06:18:44 +0000 http://greekhomes.info/endeit-capital-plans-to-boost-european-phase-b-startups-with-its-new-e-250m-growth-fund/ GlobeNewswire WiFi Hotspot Market Research Report By Component, By Software, By End User – Global Forecast to 2025 – Cumulative Impact of COVID-19 Wi-Fi Access Point Market Research Report By Component (Mobile Access Point Devices, Wireless Access Point Controllers, and Wireless Access Point Gateways), By Software (Centralized Management access points, cloud access point management, Wi-Fi […]]]>


GlobeNewswire

WiFi Hotspot Market Research Report By Component, By Software, By End User – Global Forecast to 2025 – Cumulative Impact of COVID-19

Wi-Fi Access Point Market Research Report By Component (Mobile Access Point Devices, Wireless Access Point Controllers, and Wireless Access Point Gateways), By Software (Centralized Management access points, cloud access point management, Wi-Fi access point billing software and Wi-Fi security software), by End-User – Global Forecast to 2025 – Cumulative Impact of COVID- 19New York, April 28, 2021 (GLOBE NEWSWIRE) – Reportlinker.com announces the publication of the report “Wi-Fi Hotspot Market Research Report by Component, by Software, by End-User – Global Forecast to 2025 – Cumulative Impact of COVID-19” – https://www.reportlinker.com/p05911935/?utm_source=GNW Market Statistics: The report provides market size and forecast on five currencies – USD, EUR GBP, JPY and AUD. It helps organizational leaders make better decisions when currency data is readily available. The global Wi-Fi access point market is expected to grow from USD 3,772.75 million in 2020 to USD 7,510.19 million by the end of 2025. The global Wi-Fi access point market is expected to grow from 3,308 .01 million euros in 2020 to 6,585.08 million euros by the end of 2025. 3. The global Wi-Fi hotspot market is expected to grow from £ 2,940.83million in 2020 to £ 5,854.15million by the end of 2025.4. The global Wi-Fi hotspot market is expected to grow from JPY 402,648.03 million in 2020 to JPY 801,528.13 million by the end of 2025.5. The global Wi-Fi hotspot market is expected to grow from AUD 5,478.53 million in 2020 to AUD 10,905.80 million by the end of 2025. Market Segmentation and Coverage: This research report categorizes the point of Wi-Fi Access to forecast the revenue and analyze trends in each of the following submarkets: On the basis of components, the Wi-Fi Access Point market has been studied for mobile hotspot devices, wireless access point controllers and wireless access point gateways. Based on software, the Wi-Fi hotspot market studied centralized hotspot management, cloud-based hotspot management, WiFi hotspot billing software and Wi-Fi security software. Based on the end user, the market for Wi-Fi access points has been studied in the fields of education, financial services, healthcare, hospitality, retail, telecommunications and IT and transportation. Based on geography, the Wi-Fi hotspot market has been studied in the Americas, Asia-Pacific and Europe, Middle East and Africa. The region of the Americas studied in Argentina, Brazil, Canada, Mexico and the United States. The Asia-Pacific region studied in Australia, China, India, Indonesia, Japan, Malaysia, Philippines, South Korea and Thailand. The Europe, Middle East and Africa region studied in France, Germany, Italy, the Netherlands, Qatar, Russia, Saudi Arabia, South Africa, Spain, the United Arab Emirates and the United Arab Emirates United. Company Usability Profiles: The report deeply explores the significant recent developments of leading vendors and innovation profiles in the global Wi-Fi Access Point Market including ALE International, Aptilo Networks, AT&T Inc, Bharti Airtel Limited, Boingo Wireless, Inc, Brocade Communications Systems, Inc., Cisco Systems Inc., Franklin Wireless Corp., Hewlett Packard Enterprise Development LP, Huawei Technologies Co. Ltd., iPass Inc., NetComm Wireless Ltd., NETGEAR Inc. , Nokia Corporation, NovAtel Inc., Reliance Communications, Ruckus Networks, Samsung Electronics Co., Sierra Wireless Inc., Singapore Telecommunications Limited, Skyroam Inc, Tata Communications, Telefonaktiebolaget LM Ericsson, Vodafone Group plc and ZTE Corp .. Cumulative impact of COVID -19: COVID-19 is an incomparable global public health emergency that has affected almost all industries, so for and, the long-term effects that are expected to impact the cr Growth of the industry during the forecast period. Our ongoing research amplifies our research framework to ensure the inclusion of the issues underlying COVID-19 and potential avenues ahead. The report provides insights on COVID-19 taking into account changes in consumer behavior and demand, purchasing patterns, supply chain diversion, dynamics of current market forces, and significant interventions. governments. The updated study provides information, analysis, estimates, and forecast, considering the impact of COVID-19 on the FPNV Positioning Matrix market: The FPNV Positioning Matrix assesses and categorizes the market vendors of the Wi-Fi access points based on business strategy (Company growth, industry coverage, financial viability and channel support) and product satisfaction (value for money, ease of use, product features and customer support) that help businesses make better decisions and understand the competitive landscape. The Competitive Strategy Window analyzes the competitive landscape in terms of markets, applications and geographies. The competitive strategic window helps the supplier define an alignment or adapt between their capabilities and the opportunities for future growth prospects. Over a forecast period, it defines the optimal or favorable fit for suppliers to adopt successive merger and acquisition strategies, geographic expansion, research and development, and new introduction strategies. products to run further expansion and growth of the company. pointers: 1. Market penetration: provides comprehensive information on the market offered by major players2. Market Development: Provides in-depth information on lucrative emerging markets and analyzes the markets 3. Market Diversification: Provides detailed information on new product launches, untapped geographies, recent developments and investments4. Competitive Assessment and Intelligence: Provides a comprehensive assessment of market shares, strategies, products and manufacturing capabilities of key players 5. Product Development and Innovation: Provides intelligent insight into future technologies, R&D activities, and new product developments The report answers questions such as: 1. What is the market size and forecast for the global Dots market? Wi-Fi access? 2. What are the inhibiting factors and impact of COVID-19 on the global Wi-Fi hotspot market during the forecast period? 3. What are the products / segments / applications / areas to invest in during the forecast period in the global Wi-Fi hotspot market? 4. What is the competitive strategic window for opportunities in the global Wi-Fi Hotspot market? 5. What are the technological trends and regulatory frameworks in the global Wi-Fi hotspot market? 6. What are the strategic fashions and moves considered appropriate to enter the global Wi-Fi hotspot market? Read the full report: https://www.reportlinker.com/p05911935/?utm_source=GNWA About ReportlinkerReportLinker is an award-winning market research solution. Reportlinker researches and curates the latest industry data so you get all the market research you need – instantly, in one place .__________________________ CONTACT: Clare: clare@reportlinker.com US: (339) -368- 6001 Intl: + 1339-368 -6001



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20TH “NAVIGATOR – THE WEEK AND ONLINE FORUM FOR SHIPPING MAKERS” http://greekhomes.info/20th-navigator-the-week-and-online-forum-for-shipping-makers/ http://greekhomes.info/20th-navigator-the-week-and-online-forum-for-shipping-makers/#respond Tue, 27 Apr 2021 14:00:59 +0000 http://greekhomes.info/20th-navigator-the-week-and-online-forum-for-shipping-makers/ As part of the celebration of the 30th anniversary of NAVIGATOR SHIPPING CONSULTANTS (a strong network of towing companies and shipping agencies around the world), the 20th Navigator – The Shipping Decision Makers Forum was organized with great success. From Monday April 12 to Friday April 16, 2021, five (5) “closed” discussions took place during […]]]>


As part of the celebration of the 30th anniversary of NAVIGATOR SHIPPING CONSULTANTS (a strong network of towing companies and shipping agencies around the world), the 20th Navigator – The Shipping Decision Makers Forum was organized with great success.

From Monday April 12 to Friday April 16, 2021, five (5) “closed” discussions took place during the NAVIGATOR – THE SHIPPING DECISION MAKERS ONLINE WEEK, among 300 executives representing 200 Greek shipbuilding and ship management companies. and members of the NAVIGATOR FORUM ADVISORY BOARD. The results of NAVIGATOR ONLINE WEEK were presented to the International Shipping Community during the forum by the respective moderators on Monday, April 19, 2021.

NAVIGATOR President Captain Dimitris Bezantakos spoke of the journey of the Bezantakos family which has spanned almost half a century in the maritime industry and the creation and core values ​​of NAVIGATOR SHIPPING CONSULTANTS. He highlighted the human element as the basic pillar of the Greek sailing miracle, stressing that technology should be the tool of humans, not the other way around.
NAVIGATOR CEO Danae Bezantakou once again stressed the importance of synergies and dialogue which also values ​​the NAVIGATOR – THE SHIPPING DECISION MAKERS FORUM.
The Minister of Merchant Marine and Island Policy, Ioannis Plakiotakis, stressed the need for a realistic approach to reducing emissions produced by the shipping industry, modernizing maritime education and also referred to the Department’s ongoing efforts regarding repatriation of crews of concern.

The result of the “closed” discussions during the week of April 12 to 16, 2021, between executives-representatives of shipowners and ship management companies, and members of the NAVIGATOR FORUM ADVISORY BOARD, was presented by:

Helena Athoussaki, Head of ESG, Sustainable Development & Climate Change – MOTOR OIL GROUP (#Decarbonisation) spoke of the concerns raised regarding the decisions that shipowners must take to comply with the regulations. She also spoke of the challenges facing the second – hand market and underlined the great need for strategy, transparency and dialogue between stakeholders and organizations responsible for achieving the United Nations Sustainable Development Goals.

Seraphim Kapros, Director of the MBA in Expedition – Aegean University (#SupplyChain)
underlined the need for “smart” and alternative solutions for the uninterrupted functioning of the supply chain and underlined the increased specialization of shipping companies with regard to supply chain assessment and monitoring.

The term “smart shipping” does not only apply to ships but also to offices, reminds us Panos Theodossopoulos, Chief Digital Officer – OCEANKING (#smartshipping). COVID-19, new regulatory requirements and the growing number of vertical technology solutions have acted as catalysts to “drive” digitalization. On the other hand, the lack of qualified personnel on board and office staff on shore as well as cyber risk and lack of standardization are seen as obstacles.

Dorothea Ioannou, Deputy Managing Director of Operations – THE AMERICAN P&I CLUB (#Human Element) said most accidents and claims are due to human error. She also highlighted the importance of seafarers’ mental health, with the profession ranking second in the world for the number of suicides. The new generations will probably be the first to face increased levels of technology and autonomy on board. Therefore, interacting with complex and highly advanced systems, along with situational awareness, critical thinking and effective communication, will be among the skills that will be needed to survive the impending changes in the maritime industry, said Katerina Skourtanioti, Managing Director of VENLYS Maritime. Specialization Services (#Human Element).

Costas Constantinou, Managing Partner / Global Maritime Leader – MOORE GREECE (#Commercial & Finance) spoke about the uncertainties about the availability of capital and more specifically about the criteria to be used by lending banks and other donors to assess potential borrowers . He also raised concern about the strict lending rules that Europe will impose on its banks which will not be applicable to Asian banks and therefore the competition will not be fair. If the funding leaves Europe, that (along with the fact that the cargoes, shipbuilding, crew and management are already there) will speed up the process of moving the global shipping hub from the Atlantic to the Pacific. , which will put European maritime transport at risk.

Danae Bezantakou, CEO, Navigator Shipping Consultants and Gina Panayiotou, CVO, Oceans Arena and Concept Founder, It’s ALL about shipping, welcomed Guy Platten, Secretary General – International Chamber of Shipping, Margi Van Gogh, Head of Supply Chain & Transport – World Economic Forum and Elaine Smith Genser, Engaging and Building Partnerships – United Nations Common Fund for SDGs, in an interesting discussion of how international organizations are leading the way for positive change in the shipping industry.

According to Margi Van Gogh, the 3 key areas of the supply chain are: contribution to social development, environmental and economic impact and sustainability. She also discussed the role of LNG as a bridging fuel, creating hubs for crew changes and the crucial vaccination of seafarers.

Elaine Smith Genser, Head of Engagement and Partnership Development – United Nations Common Fund for SDGs, said decarbonization was not only a challenge but also an opportunity and referred to the focus that the new generation of investors put on environmental protection. Finally, she stressed that Asian countries are ahead of Europe in terms of decarbonization measures.

Guy Platten, Secretary General of the International Shipping Chamber, focused on seafarer vaccinations affecting the supply chain, crew changes which were and are a big concern and highlighted non-compliance requirements by governments. He also called the decarbonization of navigation the “fourth revolution in propulsion,” after sails, steam and oil, and added that thanks to synergies and dialogue, many issues have been resolved during the pandemic.

FORUM ended with presentations from representatives of strategic ports of the NAVIGATOR network of companies and towing agencies around the world. Given the absence of physical meetings, they took the opportunity to inform the maritime community about the issues related to port developments, crew changes, renewal of the tug fleet around the world, and future strategies of their companies. , etc .:

Jeff Horst, Vice President of Sales & Marketing – FOSS MARITIME (Harbor Towing & Shipping Services) (US West Coast – Hawaii), Julian Oggel, General Manager – Novatug & Counsel – MULTRASHIP TOWAGE & SALVAGE ( Belgium and the Netherlands), Diana Villarreal, Commercial Director – COLTUGS TOWAGE & SALVAGE / ULTRATUG (Chile, Peru, Ecuador, Colombia), Hugh Buchanan, Director of Operations – AGENCIA MARITIMA NABSA SA (Argentina)
Elisio Dourado, Commercial Director of Towage – WILSON SONS (Brazil), Sushil Mulchandani, General Manager – JM BAXI & CO. (India), Jose Echeverria Goldoni, Managing Director – ILG LOGISTICS (Panama), Meera Kumar, Head of DIABOS Business Unit (DA Processing System).

Speakers stressed that in order to avoid accidents like that of EVER GIVEN, it is very important to take the necessary measures, inspect all vessels before crossing the canal and escort tugs for larger vessels. Regarding crew changes, they also mentioned the fatigue of sailors, which is of great importance both for their mental health and for the safe and efficient operation of ships.

We especially thank the sponsors of NAVIGATOR FORUM:

DNV– ERMA FIRST SA – FORTUNE TECHNOLOGIES SA – FRANMAN – GOLDEN CARGO – LAROS by PRISMA ELECTRONICS – ΜΑCGREGOR – MARICHEM MARIGASES – IRI / THE MARSHALL ISLANDS REGISTRY – MOORE GREECE – OCEANKING – PALAU SHIP REGISTRY – MENNES MANUFACTURED BV GREEK BRANCH – VENLYS MARITIME SPECIALIZATION SERVICES – V.SHIPS – WINGUSUITE CLOUD COMMUNICATIONS PLATFORM.

Source: SHIPPING BROWSER CONSULTANTS



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Cosmos Holdings to launch Sky Premium Life nutritional supplements on Amazon UK Other OTC: COSM http://greekhomes.info/cosmos-holdings-to-launch-sky-premium-life-nutritional-supplements-on-amazon-uk-other-otc-cosm/ http://greekhomes.info/cosmos-holdings-to-launch-sky-premium-life-nutritional-supplements-on-amazon-uk-other-otc-cosm/#respond Tue, 27 Apr 2021 13:15:00 +0000 http://greekhomes.info/cosmos-holdings-to-launch-sky-premium-life-nutritional-supplements-on-amazon-uk-other-otc-cosm/ CHICAGO, April 27, 2021 (GLOBE NEWSWIRE) – Cosmos Holdings, Inc. (“The Company”) (OTCQX: COSM), a vertically integrated international pharmaceutical company with a proprietary line of branded and generic pharmaceuticals, nutraceuticals, over-the-counter medicines and an extensive distribution network established in the European Union, announced today that the Company’s subsidiary , Decahedron Ltd, a UK based pharmaceutical […]]]>


CHICAGO, April 27, 2021 (GLOBE NEWSWIRE) – Cosmos Holdings, Inc. (“The Company”) (OTCQX: COSM), a vertically integrated international pharmaceutical company with a proprietary line of branded and generic pharmaceuticals, nutraceuticals, over-the-counter medicines and an extensive distribution network established in the European Union, announced today that the Company’s subsidiary , Decahedron Ltd, a UK based pharmaceutical wholesaler, distributor and distributor, has launched the launch of 65 Sky Premium Life products on Amazon UK.

PAGB, the consumer health association that represents manufacturers of branded over-the-counter medicines, self-care medical devices and dietary supplements in the UK, worked with Decahedron on the regulatory process for bringing the products to market. Sky Premium Life in the UK. Cosmos expects ten Sky Premium Life SKUs to launch next month and target the 65 SKUs listed on Amazon UK by the end of the year.

According to a Mintel study, the UK vitamins and minerals market grew 14.3% in 2020 compared to the previous year, from £ 434million to £ 494million, and showing major adoption of these products by UK consumers. UK sales of all consumer health products peaked in March 2020, up 125.8% year-on-year. With Covid-19 lockdowns and restrictions on store capacity, consumers have increasingly turned to online shopping and there are signs that this trend is likely to continue.

Additionally, according to Mintel research, 24% of vitamin, mineral, and dietary supplement (VMS) users have taken more vitamins and supplements since the COVID-19 outbreak. Immune health has become a priority since the start of the pandemic, with 36% of VMS users taking them to boost their immune systems and around one in seven using them to improve their mood (15%) and combat stress (13%). ).

Greg Siokas, CEO of Cosmos Holdings, said: “The launch of our Sky Premium Life products on Amazon UK offers Cosmos an opportunity for exponential growth, driven by a much greater reliance on both VMS consumption and online shopping. This allows us to profitably reach tens of millions of customers in the UK and the rest of the world which in turn should help grow the brand and provide consumers and retailers with a showcase virtual for all our products. “

“This is an important step for Cosmos and a major step forward in the deployment of our e-commerce and online distribution strategy. The Amazon UK initiative complements our global sales strategy. We have successfully built a strong distribution network, which now includes 160 wholesale pharmaceutical distributors in 16 countries, with access to over 50,000 physical pharmacies, ”he added.

“We will continue to add distributors around the world and plan to enter a number of new European and global markets this year. I am confident that our e-commerce strategy will yield a high return on investment given the favorable and growing brand awareness and growing global demand for VMS, ”concluded Mr. Siokas.

About Cosmos Holdings, Inc.

Cosmos Holdings Inc. is an international pharmaceutical company, with an exclusive line of branded and generic pharmaceuticals, nutraceuticals, over-the-counter medicines and medical devices and an extensive distribution network established in the EU. The Company identifies, acquires, develops and markets products that improve the lives and outcomes of patients. It has an extensive network of clients in Germany, UK, UAE, Denmark, Italy, France, Singapore, Ireland, Sweden, Poland, Netherlands and Greece . Cosmos Holdings has offices and distribution centers in Thessaloniki, Greece, Athens, Greece and Harlow, UK. More information is available at www.cosmosholdingsinc.com and www.skypremiumlife.com.

Forward-looking statements

With the exception of historical information contained in this press release, the matters described in this press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934., as amended. Statements preceded, followed by or which include the words “believes”, “expects”, “anticipates”, “intends”, “projects”, “estimates”, “plans” and similar expressions or future verbs or Conditions such as like “will”, “should”, “would”, “could” and “could”, are generally forward-looking in nature and not historical facts, although all forward-looking statements do not include the foregoing. These statements involve unknown risks and uncertainties which may individually or materially impact the matters discussed herein for various reasons beyond the control of the Company, including, but not limited to the ability of the Company. to mobilize sufficient funding to implement its business plans, the impact of the COVID-19 pandemic on the business, operations and economy of society in general, and the ability of the company to develop and market with success its exclusive products and technologies. Readers are cautioned not to place undue reliance on these forward-looking statements, as actual results could differ materially from those described in the forward-looking statements contained herein. Readers are urged to read the risk factors set out in the Company’s filings with the SEC, which are available on the SEC’s website (www.sec.gov). The Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Investor Relations Contact:
Crescendo Communications, LLC
Phone: 212-671-1020
E-mail: COSM@crescendo-ir.com



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