Debby: Difference between revisions
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[[Category:Packilvania]] [[Category:Companies]]
{{Infobox organization
| native_name = ''Debee'' ([[Packilvanian]])
| logo = Debby.png
| abbreviation = DBB
| named_after = Staynish word "debit"
| formation = {{Start date and age|2007|05|25}}
| founder = Sawool Jawer
| type = For profit publicly traded limited liability company
| headquarters = [[Kemer]], [[Packilvania]]
| services = Mobile and online payments
| leader_title = Chief Executive Officer (''muSharif muBas'')
| leader_name = Shovaal Watham
}}
'''Debby''' is a group of mobile payment services that originated in [[Packilvania]] run by the Debby Group. It was created in Sawool Jawer in 2007. It is owned by the Debby Holdings company and is part of the Debby Group. The Packilvanian Financial Regulatory Board gave formal approval for the company in 2008. It was first traded on the Bingol Stock Exchange in 2014. Two years later it launched on the Auroran Stock Exchange in [[Kirib]]-denominated stocks. Debby is a "nickname" of the [[Staynish]] word "debit".
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In 2019, the Packilvanian Banking Association issued a formal complaint against Debby to the Packilvanian Financial Regulatory Board as they felt that they were assuming all of the financial risk for the transactions that were being done on the Debby platform. Furthermore, they complained that Debby was depriving them of the income they would generate from having clients deposit funds directly into their coffers. Some banks issued a counter proposal, stating that Debby was pooling the financial risks that would arise from individual users. This conflict among the banks gave rise to a ruling by the Financial Regulatory Board stating that the government would make requests for Debby to maintain minimum reserves.
Despite the initial scare among investors, confidence in the company resumed especially as the ability of the company to meet its payment commitments improved
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