Shares of Visa Inc (NYSE:V) ended Friday session in green amid volatile trading. The shares closed up +0.06 points or 0.07% at $82.07 with 11.70 million shares getting traded. Post opening the session at $81.74, the shares hit an intraday low of $81.42 and an intraday high of $82.26 and the price vacillated in this range throughout the day. The company has a market cap of $191.23 billion and the numbers of outstanding shares have been calculated to be 1.89 billion shares.
On September 15, 2016 DCB Bank, a new-generation private sector bank in India, has announced the launch of mVisa. The mobile based payment solution will make payments at retail outlets much easier: Customers of any mVisa issuing bank can make digital payments at mVisa enabled retail outlets simply by scanning a unique QR code on their smartphones. To implement mVisa, the DCB Bank has partnered with GI Technology, a Chennai-based digital payment company. As a Wirecard AG subsidiary company, GI Technology is one of India’s and South East Asia’s leading electronic payment companies that provides retailers with the acceptance of mVisa payments and withdrawls at their POS within this collaboration.
Praveen Kutty, Head of Retail & SME Banking, DCB Bank is confident that the mobile-first approach of mVisa is a pioneer in digital payments. “We are convinced that our collaboration with Visa and GI Technology will accelerate set-up of infrastructure for retail outlets to accept digital payments.”
Ramu Annamalia Ramsamy, Managing Director of Wirecard’s GI Technology, says: “We have been on the forefront of India’s very dynamic and early-stage e-commerce and digital payments market for many years. We appreciate this prosperous cooperation and are looking forward for many more to come.”
“India is undergoing a digital revolution with a clear shift in customer preference to move away from cash payments and mobile phones are a key enabler in this transition”, said T.R. Ramachandran, Group Country Manager, India and South Asia, at Visa. “I am positive this partnership will be instrumental in accelerating the adoption of digital payments.”
Shares of Duke Realty Corp (NYSE:DRE) ended Friday session in green amid volatile trading. The shares closed up +0.09 points or 0.34% at $26.69 with 11.31 million shares getting traded. Post opening the session at $26.56, the shares hit an intraday low of $26.43 and an intraday high of $26.75 and the price vacillated in this range throughout the day. The company has a market cap of $9.12 billion and the numbers of outstanding shares have been calculated to be 350.76 million shares.
On September 15, 2016 The Atlanta office of Duke Realty Corporation (DRE), a leading nationwide REIT (Real Estate Investment Trust) specializing in the ownership, management and development of quality industrial facilities, announces that it has executed a long-term lease agreement for a 1,435,750-square-foot, build-to-suit distribution facility with Floor & Decor, an Atlanta-based company that operates large, consumer retail stores offering hard-surface flooring, countertops, sinks and related accessories. Construction on the building, which is being built on 90 acres located about 10 miles from the Port of Savannah, is slated to begin in November 2016, with Floor & Decor relocating to its new facility in early 2018.
“Floor & Decor has been a valued customer for several years, and we are excited to continue our partnership with them by delivering a new facility that can help them more efficiently deliver product to their retail stores,” said Chris Brown, Senior Vice President, Georgia and Tennessee. “This new facility will be state-of-the-art and incorporate modern features that will help facilitate product storage and distribution.”
“The location of this new distribution center will allow us to efficiently manage our import operations and serve our retail outlets in the eastern portion of the United States,” said Brian Robbins, EVP Supply Chain, Floor & Decor.