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B2B FinTechs are once again showing off the versatility of the corporate card.While QuickBooks is piloting card payments on invoices powered by PayPal, Airwallex is readying the launch of its own corporate card 鈥?both physical and virtual 鈥?stanley usa designed to enable cross-border payments.In Asia, venture capitalists have backed two commercial card startups 鈥?one in China, targeting employee expense management, and one in India, with a focus on linking startups to credit without the need for a personal guarantee.Below, PYMNTS rounds up the latest in commercial card innovation.QuickBooks Adds Card Payment SupportAlthough QuickBooks Connects event was canceled due to the coronavirus earlier this month, Intuit has made public the new product enhancements that were originally planned to be announced during the conference.Among those announcements includes a deepened integration with PayPal, which allows small businesses using QuickBooks to send out invoices with a feature enabling d stanley uk ebit and credit card payment on those bills, facilitated by PayPal. According to EnterpriseTimes.co.uk, QuickBooks did not reveal the special rates PayPal is offering the platfo stanley cup canada rm, with reports noting that the feature is currently in closed pilot phase.In addition to adding support for card payments on invoices, QuickBooks upgrades also include a cash flow planning tool, invoice payment reminders, open banking support, receipt data capture and payroll compliance.Airwallex Readies B2B X-Border CardFinTech Airwa Egpl Singapore Firms Embrace Digital Tax Payments
An association of sma stanley polska rtphone manufacturers that includes Apple, Huawei, Oppo and Foxconn has submitted a 174-page report to the Indian government asking for export credits on stanley website units and tariff cuts on imported parts, according to Reuters.The India Cellular and Electronics Association ICEA said that its proposed measures would make India a global smartphone-making hub. The ICEA turned the report into the government ahead of its annual budget announcement, which is expected next week.The ICEA is proposing a raise of the export credit on the value of phone shipments to go up to 8 percent from 4 percent. Its also asking for a 5 percent export credit on services like mobile apps. The association is also seeking lower import taxes on capital goods, including machinery, and is requesting that manufacturers get access to low-cost capital. As the country is nearing to achieve saturation point 鈥?without an export takeoff, manufacturing growth cannot be sustained and accelerated, the ICEA said in the report.The Indian government began a Make in India campaign in 2014, gradually increasing the taxes on imports of smartphone parts and creating more than 600,000 jobs and 260 manufacturing units.India is the second biggest mobile phone maker in the world behind China, and many large companies, like Oppo and Samsung, have increased production for m stanley cup ostly domestically sold phones.However, the government will begin its taxing of imports on touch panels next month, which is two months earlie |
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