Tagged: digital commerce

Poland’s National Payments Processor, KIR, Partners Cryptomathic to Allow Residents to Sign Documents Remotely Following Coronavirus Outbreak

KIR, the national payments processor in Poland, has partnered with Cryptomathic in order to allow the country’s residents to sign documents electronically (and remotely), following the deadly Coronavirus (COVID-19) outbreak. The eIDAS-certified remote qualified e-signature service (QES) allows Poland’s citizens and firms based in the… Read More

Fintech: Bulgaria-based Payment Companies, Paynetics and phyre, Secure Millions of Euros in Funding

Bulgaria-based payment companies, Paynetics, and phyre, have both finalized investment rounds, which were led by the Bulgarian American Credit Bank and VC New Vision 3. Paynetics, which secured €2.5 million in funding, and phyre, which acquired €1.55 million in capital, were both established by Bulgarian… Read More

Fintech OLB Group, a Digital Commerce Solution Provider, Introduces Measures to Help Reduce Spread of Coronavirus

New York-based Fintech OLB Group, a digital commerce solution provider that offers outsourced private label shopping solutions to large websites and retail outlets, has introduced measures and initiatives to help reduce their risks and to ensure stakeholder protection as the coronavirus (COVID-19) outbreak continues to… Read More

Coronavirus Response: Qatar-based Fintech for SMEs, QPAY International, to Reduce Point of Sale Transaction Rates by 50%

QPAY International, which is listed as a member of the NEXXO Network, a Fintech firm based in Qatar that provides services to more than 15,000 local small and medium enterprises (SMEs) and over 250,000 low-income workers, is reducing its point of sale (POS) prices by… Read More

Reserve Bank of India’s New Guidelines for Payment Aggregators May Increase Number of Digital Commerce Transactions

The Reserve Bank of India (RBI), the nation’s central bank, has announced that it will be lowering the capital requirements for payment aggregators. This move may further increase the number of digital transactions carried out in the country. The RBI noted in a statement published… Read More

UK-based Fintech Axept Introduces Strong Customer Authentication Compliant Payment Method, Uses Contactless Payments Cards for E-Commerce Transactions

UK-based Fintech company Axept has unveiled a Strong Customer Authentication (SCA) compliant payment method, which uses contactless payments cards for settling e-commerce transactions. Axept’s new solution does not require users to type in their card details, usernames, passwords or sign up while purchasing items. If… Read More

Indonesia’s State-Owned Pawnshop, PT Pegadaian, to Work with Local Fintech Firms to Develop Digital Financing Solutions

Indonesia-based PT Pegadaian, a state-owned pawnshop, is reportedly planning to work with several Fintech firms in order to create digital financing solutions, which will help the pawnshop expand its business operations. PT Pegadaian’s management realizes the potential of the growing digital finance ecosystem and intends… Read More

Indonesia E-Commerce Marketplace Tokopedia Set to Finalize $1.5 Billion Round from Softbank, Alibaba, Temasek

Tokopedia, an Indonesia-based e-commerce marketplace, is reportedly in the final stages of closing an investment round valued at around $1.5 billion from Japan’s Softbank, China’s Alibaba Group and Singapore-based Temasek. The Tokopedia marketplace, which is notably the largest of its kind in Indonesia, is now… Read More

PayPal Launches New Digital Commerce Platform

PayPal (NASDAQ: PYPL) announced on Monday the launch of its new digital commerce platform. The PayPal Commerce Platform is notably designed to meet the specific needs of marketplaces, e-commerce solution providers, crowdfunding platforms, and more by bringing together the most comprehensive set of technologies, tools,… Read More

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