Amazon to launch pay by “high-five”

BANKING

Blackstone joins the trillion dollar club

Private equity firm, Blackstone, is the first private equity firm to reach $1 trillion of assets under management. Reaffirming the notion that Blackstone will own everything in the world. Everything.


PAYMENTS

Amazon to launch new biometric payment method

Amazon’s “pay-by-pal” payment method, where you pay by holding your palm over a scanner, is set to be launched in a Whole Foods store near you by the end of this year. Amazon is also looking at letting third-parties use this technology with the hopes of helping leave your wallet or purse lighter without all that bulge.


BANKING

Virgin Money to close a third of branches across UK

Virgin Money is set to close a third of its physical bank branches (approximately 39 branches) across the UK, citing customers increased usage and preference of online/digital banking.


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