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Swiss Bank to Launch Bitcoin Futures

Swiss bank Vontobel said it will start trading Switzerland's first two mini futures to short Bitcoin on Friday, giving investors a tool to bet against the value of the volatile crypto-currency or to hedge Bitcoin positions.

The launch of the two mini futures on the Swiss stock exchange by the country's second-biggest provider of structured products comes after CME Group, the world's largest derivatives exchange operator, said it will launch a futures contract for Bitcoin later this year.

Airlines Urged to Embrace eCommerce

African airlines have been urged to embrace e-commerce and digital technologies to become more profitable. According to Eckart Reiche, the vice-president for sales at Airlines Wirecard, airlines on the continent should embrace technology to serve customer needs and experience in the increasingly competitive market. Reiche said: "Airlines have no choice but to innovate and embrace technologies that will help reduce the cost of operation and also improve customer experience."

PayPal, Synchrony Financial to Expand Partnership

PayPal and Synchrony Financial have announced an agreement to expand their consumer credit partnership.

As a part of the agreement, Synchrony Financial will acquire USD 6.8 billion in receivables, including PayPal’s US consumer credit receivables portfolio of approximately USD 5.8 billion in receivables as of October 31, 2017, and approximately USD 1 billion in participation interests in receivables held by certain investors and a chartered financial institution.

BBVA Implements Iris Scanning Feature to Mobile Banking App

Samsung and BBVA have presented an iris scanning feature, which will allow BBVA customers with Samsung smartphones to log on to the mobile banking service.

The bank becomes the first Spanish bank to deploy Samsung’s biometric authentication technology, Samsung Pass. Based on FIDO (Fast Identity Online) technology, this authentication method frees the user from having to write identifiers and passwords to start each session.

Most UK Shoppers will Search for Goods on Mobile this Christmas

A new study from Marler Haley has suggested that mobile searches for retail goods will reach 60% during the Black Friday and Christmas sales. 

The report highlights the importance of a mobile-first approach. Retailers should design their ecommerce websites to support mobile payments and other desired functionalities. Moreover so since Google is considering a mobile first index.

Jumia Launches Nigeria's First eCommerce Bot

Jumia has launched Nigeria's first e-commerce bot, which allows shoppers to order goods and book hotels and flights simply by having an online conversation with the bot.

Jumia Bot, which is powered and hosted by Facebook Messenger, offers Nigeria's 18 million Facebook users the ability to access their own personal Jumia shopping assistant.

Customers are asked what they are looking for, with Jumia Bot then using their answers to uncover the best offers.

Once a user's criteria is selected, Jumia Bot will remember and use the research for his or her next order.

Adidas Launches Feature-rich Shopping App

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