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Search resuls for: "Eurocommerce"


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The data, compiled by NielsenIQ, showed overall sales volumes for shower gel, tampons, dishwashing products, laundry detergent and toilet paper declined in the year ended Sept. 17. Reuters GraphicsMajor brands like Ariel laundry detergent and Dove soaps have for years dominated the market versus retailers' private label goods. But the NielsenIQ data shows volumes for private label personal products are inching up while those for big brands decline. For instance, shower gel volumes fell 6% overall and 10% for big brands but rose 14% for private label products. Similarly, while laundry detergent volumes were down about 2% across the category and fell 10% for big brands, they surged 28% for private label brands.
Persons: Sarah Meyssonnier, NielsenIQ, Anton Delbarre, Emmanuel Macron's, Bernstein, Bruno Monteyne, Alexandre Bompard, Henkel, Eurocommerce, Richa Naidu, Helen Reid, Matt Scuffham, Catherine Evans Organizations: Carrefour, REUTERS, Unilever, Reuters, Nestle, Pepsico, Reuters Graphics, Consumer, Procter, Gamble, Delbarre, Thomson Locations: Montesson, Paris, France
European Commissioner Mairead McGuinness proposed a draft EU law that will require banks across the 27-country union to offer and receive "instant payment" (IP) services for a fee that is the same or lower than they charge for traditional credit transfers. Currently, some banks charge far more for an IP transfer, up to 30 euros ($30) in some cases, compared with traditional transfers. "We want to extend euro instant payments internationally at a later stage," European Commission executive vice president Valdis Dombrovskis told reporters. "By mandating instant payments, the biggest blockers to open banking payments becoming mainstream are instantly solved," said Tom Greenwood, CEO of instant payments gateway Volt. Currently, non-bank payment firms are excluded as they don't have direct access to payment systems, but Brussels plans to revise its rules to allow them to compete alongside banks in IP payments, an EU source said.
LONDON, Oct 26 (Reuters) - Forcing banks across the European Union to offer instant payments in euros is a "seismic" shift to make the economy more efficient and reap savings for businesses and customers, the bloc's financial services chief said on Wednesday. "By mandating instant payments, the biggest blockers to open banking payments becoming mainstream are instantly solved," said Tom Greenwood, CEO of instant payments gateway Volt. IP allows people to receive and make instant payments 24/7, critical if payday falls on a weekend, and for businesses to manage their cash flows by receiving funds instantly after a sale. Banks will have to screen daily their IP customers against the most updated EU sanctions list, which has expanded since Russia's invasion of Ukraine. Currently, non-bank payment firms are excluded as they don't have direct access to payment systems, but Brussels plans to revise its rules to allow them to compete alongside banks in IP payments, an EU source said.
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